Alaska Statutes
Alaska Stat. § 43.20.011 (2026)
Tax on corporations
✓ current as of July 2026
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Sec. 43.20.011. Tax on corporations.
(a) [Repealed, § 10 ch 1 SSSLA 1980.]
(b) [Repealed, § 10 ch 1 SSSLA 1980.]
(c) [Repealed, § 10 ch 1 SSSLA 1980.]
(d) [Repealed, § 10 ch 1 SSSLA 1980.]
(e) There is imposed for each taxable year upon the entire taxable income of every corporation derived from sources within the state a tax computed as follows:
If the taxable income is:Then the tax is:
Less than $25,000zero
$25,000 but less than $49,0002 percent of the taxable income over
$25,000
$49,000 but less than $74,000$480 plus 3 percent of the taxable income
over $49,000
$74,000 but less than $99,000$1,230 plus 4 percent of the taxable
income over $74,000
$99,000 but less than $124,000$2,230 plus 5 percent of the taxable
income over $99,000
$124,000 but less than $148,000$3,480 plus 6 percent of the taxable
income over $124,000
$148,000 but less than $173,000$4,920 plus 7 percent of the taxable
income over $148,000
$173,000 but less than $198,000$6,670 plus 8 percent of the taxable
income over $173,000
$198,000 but less than $222,000$8,670 plus 9 percent of the taxable
income over $198,000
$222,000 or more$10,830 plus 9.4 percent of the taxable
income over $222,000.
(f) [Repealed, § 10 ch 1 SSSLA 1980.]
(a) [Repealed, § 10 ch 1 SSSLA 1980.]
(b) [Repealed, § 10 ch 1 SSSLA 1980.]
(c) [Repealed, § 10 ch 1 SSSLA 1980.]
(d) [Repealed, § 10 ch 1 SSSLA 1980.]
(e) There is imposed for each taxable year upon the entire taxable income of every corporation derived from sources within the state a tax computed as follows:
If the taxable income is:Then the tax is:
Less than $25,000zero
$25,000 but less than $49,0002 percent of the taxable income over
$25,000
$49,000 but less than $74,000$480 plus 3 percent of the taxable income
over $49,000
$74,000 but less than $99,000$1,230 plus 4 percent of the taxable
income over $74,000
$99,000 but less than $124,000$2,230 plus 5 percent of the taxable
income over $99,000
$124,000 but less than $148,000$3,480 plus 6 percent of the taxable
income over $124,000
$148,000 but less than $173,000$4,920 plus 7 percent of the taxable
income over $148,000
$173,000 but less than $198,000$6,670 plus 8 percent of the taxable
income over $173,000
$198,000 but less than $222,000$8,670 plus 9 percent of the taxable
income over $198,000
$222,000 or more$10,830 plus 9.4 percent of the taxable
income over $222,000.
(f) [Repealed, § 10 ch 1 SSSLA 1980.]
Notes of Decisions
Cited in 3
cases (1 in the last 5 years), 1985–2022 · leading case: Atl. Richfield Co. v. State, 705 P.2d 418 (Alaska 1985).
Atl. Richfield Co. v. State, 705 P.2d 418 (Alaska 1985). “In addition, a number of other costs were deducted from gross income. “Upstream” costs, such as exploration expenses, royalties, lease acquisition and development costs, and general overhead and administrative expenses, and “downstream” costs, such as transportation and…”
State, Dep't of Revenue v. OSG Bulk Ships, Inc., 961 P.2d 399 (Alaska 1998). “12 OBS argues that the exemption provided by section 883 is not inconsistent with AS 43.20.011, which taxes “the entire taxable income of every corporation derived from sources within the State.”
State of Alaska, Dep't of Revenue v. Nabors Int'l Fin., Inc. & Subsidiaries, Nabors Int'l Fin., Inc. & Subsidiaries v. State of Alaska, Dep't of Revenue (Alaska 2022). “The parties participated in a two-day hearing before an Administrative Law Judge (ALJ), who heard testimony from each party’s expert witness about state tax 1 AS 43.20.011(e), .030. 2 “A business is unitary if the entity or entities involved are owned, centrally managed, or…”
— Alaska Stat. § 43.20.011(e) — 3 cases
State, Dep't of Revenue v. OSG Bulk Ships, Inc., 961 P.2d 399 (Alaska 1998). “12 OBS argues that the exemption provided by section 883 is not inconsistent with AS 43.20.011, which taxes “the entire taxable income of every corporation derived from sources within the State.”
Atl. Richfield Co. v. State, 705 P.2d 418 (Alaska 1985). “In addition, a number of other costs were deducted from gross income. “Upstream” costs, such as exploration expenses, royalties, lease acquisition and development costs, and general overhead and administrative expenses, and “downstream” costs, such as transportation and…”
State of Alaska, Dep't of Revenue v. Nabors Int'l Fin., Inc. & Subsidiaries, Nabors Int'l Fin., Inc. & Subsidiaries v. State of Alaska, Dep't of Revenue (Alaska 2022). “The parties participated in a two-day hearing before an Administrative Law Judge (ALJ), who heard testimony from each party’s expert witness about state tax 1 AS 43.20.011(e), .030. 2 “A business is unitary if the entity or entities involved are owned, centrally managed, or…”
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