POPULATION: 692,314 (2009)
LABOR FORCE: 449,525 (2009)
RIGHT TO WORK: No
TRADITIONAL INDUSTRIES: Mining and oil, government,
tourism, fishing, forest products
EXPANDING INDUSTRIES: Transportation, mining and oil,
tourism and hotels, aerospace
industries, minerals exploration
COLLEGE GRADUATES: (Age 25 and over) 24%
BASIC BUSINESS TAXES:
Corporate Income Tax:
Corporate Income Tax: 1 percent
on taxable income under $10,000;
2 percent on $10,000 to $20,000;
3 percent on $20,000 to $30,000;
4 percent on $30,000 to $40,000;
5 percent on $40,000 to $50,000;
6 percent on $50,000 to $60,000;
7 percent on $60,000 to $70,000;
8 percent on $70,000 to $80,000;
9 percent on $80,000 to $90,000;
9.4 percent on $90,000 or more
Biennial Corporate Tax: Domestic,
$100; foreign, $200; nonprofit fee,
$15; limited liability companies/
partnerships fee: domestic $100;
foreign $200
Sales and Use Tax: Several boroughs
and cities impose a sales
and use tax of up to 7 percent on
retail sales and certain locally provided
personal services; neither
Anchorage nor Fairbanks levies a
retail sales tax. There are no state
sales, income, gross receipts, or
inventory taxes.
Property Tax: Real and personal
property is taxed by boroughs and
cities; the tax is levied primarily on
real estate, but some communities
also tax personal property; property
is required to be assessed at 100
percent of value, however, generally,
property is assessed at between
90–96 percent valuation with tax
rates ranging from 5 mills to 20.5
mills.
BUSINESS INCENTIVES
Agriculture Revolving Loan Fund
Alaska Industrial Development
and Export Authority (long-term
financing)
Rural Development Initiative
Fund Program
Small Business Economic
Development Revolving Loan Fund
Foreign-trade zones
Commercial Fishing & Agriculture
Bank (fishing, tourism & natural
resources loans)
Alaska State Training and
Employment Program
University of Alaska, Corporate
College programs Education Tax Credit
Oil and gas exploration tax
incentive
Minerals exploration tax incentive
Film tax credit incentive
