AK HB284

Establishes Alaska's first statewide sales and use tax at 4% (April-September) and 2% (October-March) on retail sales of personal property and services, with the rate dropping to 0% on January 1, 2034

Creates an infrastructure maintenance surcharge of $0.15 per barrel on oil production, with revenue directed to a new pipeline corridor maintenance fund for state costs along the pipeline corridor

Increases the minimum oil production tax floor from 4% to 6% of gross value at point of production for oil produced north of 68 degrees North latitude when ANS crude averages above $25/barrel, effective January 1, 2027

Transfers local sales and use tax collection authority from municipalities to the state Department of Revenue, which will administer, collect, and remit proceeds back to municipalities

Sets corporate income tax rate to 0% effective January 1, 2031; requires passage of HB 275, HB 274, and HJR 30 as conditions for the Act to take effect