AK SB50

Imposes an annual $30 tax on wages and net earnings from self-employment for Alaska residents and nonresidents/part-year residents with income sourced in the state.

Requires employers to withhold the $30 tax from employees' wages starting with the first regular payroll of each calendar year, with civil penalties up to five times the tax amount for non-remittance.

Allows self-employed individuals to remit the tax directly to the department and permits refunds of overpayments if claimed within the calendar year following the excess payment.

Authorizes the department to coordinate collection and reporting of this tax with employment security contributions through the Department of Labor and Workforce Development.

Directs tax proceeds to be deposited in the general fund and separately accounted for, with the legislature able to appropriate estimated collections into the educational facilities maintenance and construction fund; takes effect January 1, 2021.