AK HB219

Creates the "Power Alaska's Workforce Tax Credit Act" providing a tax credit equal to 100% of qualifying expenditures for career and technical education investments

Qualifying expenditures include constructing or maintaining fabrication labs and infrastructure, administration costs, instructor salaries (paid or unpaid), curriculum development, and student housing or dormitories

Unused credits may be sold, traded, transferred, or carried forward to another tax year, though transferred credits are reduced to 80% of their original value

Credits cannot reduce a taxpayer's liability below zero and cannot be claimed for the same expenditure as the existing income tax education credit under AS 43.20.014

Applies to corporations subject to tax under AS 43.20 for tax years beginning on or after the Act's effective date, with immediate effect upon passage