AK HB36

Establishes the "Fair Contribution by High Profit Businesses Act" to impose income taxes on oil and gas production and transportation businesses and certain pass-through entities in Alaska.

Imposes a progressive income tax on corporations and persons engaged in oil or gas production or pipeline transportation, with rates ranging from 2% to 9.4% on income over $25,000.

Creates a new tax on "qualified entities" (sole proprietorships, partnerships, limited liability companies, and S corporations) with progressive rates from 5% to 9.4% on income over $250,000, excluding oil and gas entities.

Exempts from taxation individuals, public corporations, and entities established under the Alaska Native Claims Settlement Act.

Takes effect December 31, 2018.