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AK HB152

Bill

Official Source

Status

Introduced

3/24/2025

Primary Sponsor

Alyse Galvin

Click for details

Origin

House of Representatives

34th Legislature

AI Summary

  • Establishes a 4% education tax on taxable income over $150,000 for single filers or $300,000 for joint filers, applying to individuals, partners, S corporation shareholders, trusts, and estates
  • Imposes an additional flat $150 annual tax on all individuals with wages or self-employment income in Alaska
  • Creates an early education fund in the state treasury to receive tax revenue, which the legislature may appropriate for K-12 education and early learning programs including the parents as teachers program
  • Allows taxpayers to direct all or part of their Permanent Fund Dividend to be applied toward payment of the education tax
  • Repeals existing tax credits under the Alaska Net Income Tax Act and takes effect January 1, 2026

Legislative Description

Education Tax

Education

Last Action

COSPONSOR(S): FIELDS

2/11/2026

Committee Referrals

State Affairs3/24/2025

Full Bill Text

No bill text available