AK HB96

Removes federal and state income taxes from the adjusted gross income deduction calculation for the 33 percent tax on gambling activities aboard large passenger vessels, effective January 1, 2019.

Eliminates the discount on cigarette tax stamps that was provided as compensation to distributors for affixing stamps to packages.

Removes the ability to deduct accounting and filing expenses from tobacco excise tax collections for monthly tax returns.

Repeals a provision allowing investigation expenses under the Alaska Small Loans Act to substitute for fees required under the Alaska Business License Act.

Act takes effect July 1, 2018, except the gambling tax provision which takes effect January 1, 2019.