State income tax measure introduced

State income tax measure introduced

  • By Molly Dischner
  • Saturday, April 4, 2015 10:26pm
  • News

JUNEAU, Alaska (AP) — A Republican legislator has proposed a personal state income tax as Alaska grapples with projected multibillion-dollar deficits amid low oil prices.

Homer Rep. Paul Seaton introduced legislation Friday calling for a state tax of 15 percent of the federal tax a person pays on income from a source within Alaska, plus an additional amount for capital gains.

Residents and nonresidents would be expected to pay the tax on income made in Alaska, including money earned from wages and real estate here, and some investments.

In his sponsor statement, Seaton called it an equitable way to generate additional revenue.

The focus this session has been on reducing spending and the size of state government before looking to additional revenue sources.

The bill was referred to House Finance.

More in News

Kinley Ferguson tells Santa Claus what she wants for Christmas during Christmas in the Park festivities on Saturday, Dec. 3, 2022, at Soldotna Creek Park in Soldotna, Alaska. (Jake Dye/Peninsula Clarion)
Christmas in the Park welcomes the holiday season to Soldotna

Santa headlines celebration with caroling, Nativity, cocoa and fireworks

Children decorate Christmas cookies, part of Christmas Comes to Nikiski festivities on Saturday, Dec. 3, 2022, at Nikiski Community Recreation Center in Nikiski, Alaska. (Jake Dye/Peninsula Clarion)
Christmas crafts and Santa photos

Nikiski holds start of annual December celebration

A Kenai Peninsula Food Bank truck in the Food Bank parking lot on Aug. 4, 2022, in Soldotna, Alaska (Jake Dye/Peninsula Clarion)
Food Bank fundraiser to auction Legos, offer Santa photos to pets

Bark, Block n’ Bowl will take place on Saturday from 1 to 4 p.m.

Gov. Mike Dunleavy, seated left, and Lt. Gov. Nancy Dahlstrom sign their oaths of office during the inauguration ceremony, Monday, Dec. 5, 2022, in Anchorage, Alaska. Dunleavy, a Republican, last month became the first Alaska governor since Democrat Tony Knowles in 1998 to win back-to-back terms. (AP Photo/Mark Thiessen)
Dunleavy, Dahlstrom take oaths of office

Gov. Dunleavy was reelected during the Nov. 8 general election

Alaska State Troopers logo.
Fatal collision near Anchor Point closes highway for hours

Troopers received a call about the collision shortly after noon

Members of the Soldotna Elks Lodge #2706, including Exalted Ruler Robert Dixon and Secretary Shannon Woodford (third and fifth from the left) stand with purchased toys and clothes for donation to local children at the lodge in Soldotna, Alaska, on Friday, Dec. 2, 2022. (Jake Dye/Peninsula Clarion)
Soldotna Elks to donate toys and clothes to local kids

Yearlong fundraiser brings in more than $13,000

Portions of the Kenai bluff can be seen eroding below Old Town Kenai in this undated photo. (Photo by Aidan Curtin/courtesy Scott Curtin)
Portions of the Kenai bluff can be seen eroding below Old Town Kenai in this undated photo. (Photo by Aidan Curtin/courtesy Scott Curtin)
Infrastructure dollars flood peninsula

Federal infrastructure bill makes available more than $232M for peninsula projects

Soldotna City Hall is seen on Wednesday, June 23, 2021 in Soldotna, Alaska. (Ashlyn O’Hara/Peninsula Clarion)
Soldotna bumps vote on use of accessory housing as short-term rentals

An accessory dwelling unit is a subordinate, detached dwelling unit located on a lot or parcel with an existing residence

Foliage surrounds the Soldotna Police Department sign on Tuesday, Aug. 30, 2022 in Soldotna, Alaska. (Ashlyn O’Hara/Peninsula Clarion)
Foliage surrounds the Soldotna Police Department sign on Tuesday, Aug. 30, 2022, in Soldotna, Alaska. (Ashlyn O’Hara/Peninsula Clarion)
Law enforcement to host women’s self-defense class in January

Within 48 hours of the course being advertised, 120 women had signed up to participate

Most Read