AK SB132

Imposes an annual $30 tax on wages and net earnings from self-employment for resident individuals and nonresidents/part-year residents with Alaska-source income, effective January 1, 2025.

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

Self-employed individuals must remit the $30 tax by April 15 each year; individuals who overpay may request refunds only during the calendar year immediately following the overpayment year.

Establishes collection and administration procedures through the Department of Revenue, with provisions allowing coordination of collection with the Department of Labor and Workforce Development's employment security contribution system.

Revenue collected is deposited into the general fund but may be appropriated by the legislature into the educational facilities maintenance and construction fund established under AS 37.05.560.