|
Alaska State Tax Information |
|
|
|
-
Income Tax
- Personal Income Tax: 25.0% of federal taxable income. No income bracket schedule. Retirement Income Tax: Social Security is taxed to the extent of the federal tax. Railroad Retirement benefits are exempt.
-
Sales Tax
- General: 7% (food exempt)
- Pharmaceutical Tax: prescription drugs and non-prescription drugs exempt
-
Automotive Tax
- Gasoline Tax: $.31 per gallon
- Diesel Fuel Tax: $.31 per gallon
-
Tobacco Tax
- Cigarettes: $2.40 per pack of 20 cigarettes
- Other Tobacco: 40% wholesale price
-
Alochol Tax
- Liquor: $3.75 per gallon, sales tax applied
- Wine: $.60 per gallon; sparkling wine: $.70 per gallon
- Beer: $.10 per gallon, subject to sales tax; $.04 per case wholesale tax
-
Property Tax
- No state property tax, but a portion of the city and town property taxes are used for state purposes. Property tax on motor vehicles will be gone in 2006. Some tax relief is given to persons 65 and older.
-
Inheritance and Estate Tax
- Inheritance Tax: None
- Estate Tax: Based on the value of the real and personal property
|
|
Last Updated ( Thursday, 11 May 2006 )
|
AK 
