AK SB137

Requires taxpayers to electronically submit all tax returns and reports to the Department of Revenue, with a civil penalty of $25 or 1% of total tax (whichever is greater) for non-compliance, unless exempted or showing reasonable cause.

Allows taxpayers to request a two-year exemption from electronic filing requirements by demonstrating lack of capability, renewable upon reapplication.

Eliminates the three-and-one-half-year tax exemption for new mining operations that was previously in law.

Increases the mining license tax rate from 7% to 9% on net income over $100,000.

Changes mining license renewal deadline from May 1 to January 1 each year, maintaining the $50 fee for both initial licenses and renewals.