Bill would amend state corporate taxes to capture more from digital businesses
April 27, 2023
The state should change its tax code to increase corporate income tax collections from out-of-state businesses that sell goods or services to Alaskans, particularly digitized services, according to a legislator promoting the revisions.
“The world has changed,” said Anchorage Sen. Bill Wielechowski. “We’re no longer bricks and mortar.” His legislation would amend Alaska’s income tax code to ensure that online and digital sales are included in calculating how much of a company’s U.S. profit was made in Alaska and should be subject to corporate tax.
A Department of Revenue offici...