POPULATION: 722,190 (2011)
LABOR FORCE: 367,042 (2011)
RIGHT TO WORK: No
TRADITIONAL INDUSTRIES:Oil and gas, mining, tourism,
fishing, forest products
EXPANDING INDUSTRIES: Oil and gas, transportation,
tourism, aerospace industries,
minerals exploration
COLLEGE GRADUATES: (Age 25 and over) 21.4%
BASIC BUSINESS TAXES:
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 Report Taxes and Fees:
Business corporation: domestic
$100, foreign $200; limited liability
companies/partnerships
fee: domestic $100, foreign
$200; cooperative corporation:
domestic $100; foreign cooperative
corporation, $100
Sales and Use Tax: Alaska does
not impose a statewide sales
tax. Several boroughs and
cities impose a bed tax, alcohol
tax, and a sales tax of up to 7
percent on retail sales and certain
locally provided personal
services; neither Anchorage nor
Fairbanks levies a general 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. Alaska
levies a property tax on oil and
gas properties.
BUSINESS INCENTIVES:
Agriculture Revolving Loan
Fund
Alaska Industrial Development
and Export Authority (longterm
financing)
Rural Development Initiative
Fund Program
Small Business Economic
Development Revolving Loan
Fund
Alaska Microloan Revolving
Loan Fund
Alternative Energy
Conservation Loan Fund
Commercial Charter Fisheries
Revolving Loan Fund
Mariculture Revolving Loan
Fund
Foreign-trade zones
Commercial Fishing &
Agriculture Bank (fishing,
tourism, and 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
