Alaska SB218 exempts electric cooperatives and certain electricity generation and storage facilities from state and local taxes.

The bill amends Alaska tax laws to exempt electric cooperatives from state and local ad valorem, income, and excise taxes. It also exempts electricity generation and storage facilities from these taxes if they are operated by a public utility or provide power to a public utility or an end user not receiving service from a public utility as of July 1, 2026. The bill repeals certain sections of the tax code related to these taxes and specifies that the act takes effect on July 1, 2026.

Alaska SB218 exempts electric cooperatives and certain electricity generation and storage facilities from state and local taxes.

The bill amends Alaska tax laws to exempt electric cooperatives from state and local ad valorem, income, and excise taxes. It also exempts electricity generation and storage facilities from these taxes if they are operated by a public utility or provide power to a public utility or an end user not receiving service from a public utility as of July 1, 2026. The bill repeals certain sections of the tax code related to these taxes and specifies that the act takes effect on July 1, 2026.