Alaska HB113 provides a tax exemption for qualified small businesses, excluding certain industries.

HB113 amends Alaska's tax law to exempt qualified small businesses from certain taxes. This exemption applies to Alaska corporations that meet specific criteria, excluding construction, transportation, utility, and fisheries businesses. The bill defines a "qualified small business" based on federal code and requires corporations to meet active business requirements. The tax exemption applies to the tax year beginning on or after the effective date of the Act.

Alaska HB113 provides a tax exemption for qualified small businesses, excluding certain industries.

HB113 amends Alaska's tax law to exempt qualified small businesses from certain taxes. This exemption applies to Alaska corporations that meet specific criteria, excluding construction, transportation, utility, and fisheries businesses. The bill defines a "qualified small business" based on federal code and requires corporations to meet active business requirements. The tax exemption applies to the tax year beginning on or after the effective date of the Act.