Jon Iversen Outlines Actions Taken on Tax by Alaska Legislature in 2025 Session

In his most recent column for State Tax Notes, tax partner Jon Iversen outlines the sources of unrestricted revenues used to fund the Alaska government, which comprise primarily royalties for oil produced from state leases and three categories of taxes—the oil and gas production tax; petroleum exploration, production, and pipeline transportation property tax; and corporate income tax.

Iversen also looks at one tax-related bill—S.B. 113, which modifies apportionment for the corporate income tax—that cleared the first regular session of the 34th Alaska State Legislature and several more that didn’t make it to the desk of Gov Mike Dunleavy (R) but will carry over for consideration in next year’s legislative session.

Read the full article here.