Annual inventory taxes are based upon 100 percent of the value of inventory, and the mil rate is the same as the mil rate for real estate. Inventory that is held for shipment outside of Alaska may be exempted from local inventory taxes Unemployment Insurance Alaska's Worker's Compensation law requires an employer either to insure for liability with a private insurance company or association, or demonstrate the capacity to self-insure. Those choosing to self-insure must provide satisfactory proof to the Worker's Compensation Board of ability to pay direct compensation. Insurance rate schedules vary widely, depending upon type of employment. The Alaska Employer Unemployment Insurance Tax applies to any individuals, companies or organizations employing one or more workers for any part of a day within a calendar year.
Employers determine taxes by multiplying their assigned contribution rate times the taxable wages.
Employers found liable for a predecessor's delinquency will be assigned the highest rate. The taxable wage base is 75 percent of the average annual wages earned in Alaska for the twelve month period ending the preceding June 30th Tax Incentives Property Tax Abatement New or expanding businesses meeting certain criteria may be granted property tax abatement of up to 50 percent for as long as five years. Return to Marci's Home Page.