AK HB4005

Establishes a 2% state sales tax on the sale or lease of tangible personal property and services, effective July 1, 2022.

Establishes a 2% state use tax on tangible personal property acquired outside Alaska on or after July 1, 2022, and services used in the state that would be subject to sales tax if purchased in-state.

Requires sellers to obtain a seller's permit before conducting business and collect sales taxes on behalf of the state, with monthly tax returns and payments due by the last day of the following month.

Provides broad exemptions including food for off-premises consumption, health care services, child care, feminine hygiene products, heating oil, and resales by holders of resale exemption certificates.

Authorizes the Department of Revenue to enter into the Streamlined Sales and Use Tax Agreement and establish standards for tax administration, with regulations to implement the tax consistent with that agreement.