AK HB152

Imposes a 4% individual income tax on taxable income exceeding $150,000 for single filers and $300,000 for joint filers, applying to residents, nonresidents with Alaska-source income, trusts, and estates

Establishes a $150 annual education tax on all individuals with wages or self-employment earnings in Alaska, and a separate $150 annual tax on trusts and estates

Creates the Early Education and Technical and Vocational Education Fund to receive revenue from the $150 annual education taxes, with appropriations directed toward K-12 education, early learning programs (including Parents as Teachers), and technical/vocational education

Excludes permanent fund dividends and state/municipal property taxes paid on primary residences from taxable income, and provides credits for income taxes paid to other states

Takes effect January 1, 2027, and repeals existing individual tax credits under the Alaska Net Income Tax Act