reglab/housing_qa huggingface dataset:
AK Stat § 43.20.011 (2021)
2021 Alaska Statutes|Title 43. Revenue and Taxation|Chapter 20. Alaska Net Income Tax Act|Article 1. Persons Subject to Tax; Returns and Payment; Credits.|Sec. 43.20.011. Tax on corporations.

(a) [Repealed, § 10 ch 1 SSSLA 1980.]  (b) [Repealed, § 10 ch 1 SSSLA 1980.]  (c) [Repealed, § 10 ch 1 SSSLA 1980.]  (d) [Repealed, § 10 ch 1 SSSLA 1980.]  (e) There is imposed for each taxable year upon the entire taxable income of every corporation derived from sources within the state a tax computed as follows:If the taxable income is:Then the tax is:Less than $25,000zero$25,000 but less than $49,0002 percent of the taxable income over $25,000$49,000 but less than $74,000$480 plus 3 percent of the taxable income over $49,000$74,000 but less than $99,000$1,230 plus 4 percent of the taxable incomeover $74,000$99,000 but less than $124,000$2,230 plus 5 percent of the taxable income over $99,000$124,000 but less than $148,000$3,480 plus 6 percent of the taxable incomeover $124,000$148,000 but less than $173,000$4,920 plus 7 percent of the taxable incomeover $148,000$173,000 but less than $198,000$6,670 plus 8 percent of the taxable incomeover $173,000$198,000 but less than $222,000$8,670 plus 9 percent of the taxable income over $198,000$222,000 or more$10,830 plus 9.4 percent of the taxable income over $222,000. (f) [Repealed, § 10 ch 1 SSSLA 1980.]
AK Stat § 43.20.012 (2021)
2021 Alaska Statutes|Title 43. Revenue and Taxation|Chapter 20. Alaska Net Income Tax Act|Article 1. Persons Subject to Tax; Returns and Payment; Credits.|Sec. 43.20.012. Limitation on application of chapter; credits.

(a) The tax imposed by this chapter does not (1) apply to an individual; (2) apply to a fiduciary; (3) for a tax year beginning after December 31, 2012, apply to an Alaska corporation that is a qualified small business and that meets the active business requirement in 26 U.S.C. 1202(e) as that subsection read on January 1, 2012; or (4) for a tax year beginning after June 30, 2007, apply to the income received by a regional association qualified under AS 16.10.380 or nonprofit corporation holding a hatchery permit under AS 16.10.400 from the sale of salmon or salmon eggs under AS 16.10.450 or from a cost recovery fishery under AS 16.10.455. (b) An individual may file a return under this chapter in order to receive a tax credit under AS 43.20.013. (c) For the purposes of (a)(3) of this section, (1) whether a corporation qualifies under (a)(3) of this section shall be determined on the first day of the tax year for which the corporation claims it qualifies under (a)(3) of this section; (2) all corporations that are members of the same parent-subsidiary controlled group shall be treated as one corporation. (d) In this section, (1) “Alaska corporation” means a corporation that has been incorporated in the state or is authorized to do business in the state; (2) “parent-subsidiary controlled group” has the meaning given in 26 U.S.C. 1202 as that section read on January 1, 2012; (3) “qualified small business” has the meaning given in 26 U.S.C. 1202 as that section read on January 1, 2012, and does not include a construction, transportation, utility, or fisheries business.
AK Stat § 43.20.013 (2021)
2021 Alaska Statutes|Title 43. Revenue and Taxation|Chapter 20. Alaska Net Income Tax Act|Article 1. Persons Subject to Tax; Returns and Payment; Credits.|Sec. 43.20.013. Individual tax credits.

(a) A resident individual is entitled to a tax credit not to exceed $100 for (1) a contribution made in a calendar year to a person or organization for use exclusively (A) for a political campaign for a candidate for (i) President or Vice President of the United States, whether or not the candidate will be voted on in a primary election in Alaska; (ii) United States senator from Alaska; (iii) United States representative from Alaska; (iv) governor or lieutenant governor of Alaska; (v) the Alaska legislature; (vi) delegate to an Alaska constitutional convention; (vii) electoral confirmation as a judge or justice of a court in Alaska; or (viii) municipal office in Alaska; or (B) by a group seeking to influence the outcome of a ballot proposition or question in Alaska; and (2) dues paid in a calendar year to a nonprofit organization organized primarily for the purpose of influencing elections in Alaska. (b) A resident individual is entitled to a tax credit equal to 16 percent of the tax credit claimed by the individual on the federal income tax return of the individual for household and dependent care services necessary for gainful employment. (c) The commissioner shall pay the amount of a tax credit allowed by this section to a resident individual who makes a return as provided in AS 43.20.012. A credit under this section shall be paid in the manner provided in AS 43.20.030(e) for the payment of refunds and payment may not be made without an appropriation for that purpose.
AK Stat § 43.20.021 (2021)
2021 Alaska Statutes|Title 43. Revenue and Taxation|Chapter 20. Alaska Net Income Tax Act|Article 1. Persons Subject to Tax; Returns and Payment; Credits.|Sec. 43.20.021. Internal Revenue Code adopted by reference.

(a) Sections 26 U.S.C. 1 - 1399 and 6001 - 7872 (Internal Revenue Code), as amended, are adopted by reference as a part of this chapter. These portions of the Internal Revenue Code have full force and effect under this chapter unless excepted to or modified by other provisions of this chapter. (b) For purposes of calculating the federal tax payable on personal holding companies provided for in the provisions of 26 U.S.C. 541 (Internal Revenue Code), the rate is 12.6 percent. (c) For purposes of calculating the alternative tax on capital gains provided for in the provisions of 26 U.S.C. 1201 (Internal Revenue Code), the rate is 4.5 percent for corporations. (d) Where a credit allowed under the Internal Revenue Code is also allowed in computing Alaska income tax, it is limited to 18 percent for corporations of the amount of credit determined for federal income tax purposes which is attributable to Alaska. This limitation does not apply to a special industrial incentive tax credit under AS 43.20.042. (e) [Repealed, § 10 ch 1 SSSLA 1980.] (f) For the purpose of calculating the alternative minimum tax on tax preferences provided for in 26 U.S.C. 55 - 59 (Internal Revenue Code), the tax is 18 percent for corporations of the applicable alternative minimum federal tax. (g) For purposes of calculating the accumulated earnings tax as provided in 26 U.S.C. 531 (Internal Revenue Code), the rate is 4.95 percent of the first $100,000 of accumulated taxable income and 6.93 percent of accumulated taxable income in excess of $100,000. (h) Nothing in this chapter or in AS 43.19 (Multistate Tax Compact) may be construed as an exception to or modification of 26 U.S.C. 883. (i) The provision in (h) of this section does not apply to commercial passenger vessels as defined in AS 43.52.295. (j) For purposes of calculating interest under the look-back method in 26 U.S.C. 460 (Internal Revenue Code), the rate of interest shall be as provided in that section.
AK Stat § 43.20.030 (2021)
2021 Alaska Statutes|Title 43. Revenue and Taxation|Chapter 20. Alaska Net Income Tax Act|Article 1. Persons Subject to Tax; Returns and Payment; Credits.|Sec. 43.20.030. Returns and payment of taxes.

(a) If a corporation, or a partnership that has a corporation as a partner, is required to make a return under the provisions of the Internal Revenue Code, it shall file with the department, within 30 days after the federal return is required to be filed, a return setting out (1) the amount of tax due under this chapter, less credits claimed against the tax; and (2) other information for the purpose of carrying out the provisions of this chapter that the department requires. (b) The return shall either be on oath or contain a written declaration that it is made under penalty of perjury, and the department shall prescribe forms accordingly. (c) Notwithstanding (a) of this section, the total amount of tax imposed by this chapter is due and payable to the department at the same time and in the same manner as the tax payable to the United States Internal Revenue Service. (d) A taxpayer, upon request by the department, shall furnish to the department a true and correct copy of the tax return which the taxpayer has filed with the United States Internal Revenue Service. Every taxpayer shall notify the department in writing of any alteration in, or modification of, the taxpayer's federal income tax return and of a recomputation of tax or determination of deficiency, whether with or without assessment. A full statement of the facts must accompany this notice. The notice shall be filed within 60 days after the final determination of the modification, recomputation or deficiency, and the taxpayer shall pay the additional tax or penalty under this chapter. For purposes of this section, a final determination shall mean the time that an amended federal return is filed or a notice of deficiency or an assessment is mailed to the taxpayer by the Internal Revenue Service, except that in no event will there be a final determination for purposes of this section until the taxpayer has exhausted rights of appeal under federal law. (e) The department may credit or refund overpayments of taxes, taxes erroneously or illegally assessed or collected, penalties collected without authority, and taxes that are found unjustly assessed or excessive in amount, or otherwise wrongfully collected. The department shall set limitations, specify the manner in which claims for credits or refunds are made, and give notice of allowance or disallowance. When a refund is allowed to a taxpayer, it shall be paid out of the general fund by a disbursement issued under a voucher approved by the department. (f) [Repealed, § 10 ch 1 SSSLA 1980.]  (g) [Repealed, § 10 ch 1 SSSLA 1980.]
AK Stat § 43.20.031 (2021)
2021 Alaska Statutes|Title 43. Revenue and Taxation|Chapter 20. Alaska Net Income Tax Act|Article 1. Persons Subject to Tax; Returns and Payment; Credits.|Sec. 43.20.031. Deduction of taxes; consolidated returns; accounting methods.

(a) [Repealed, § 10 ch 1 SSSLA 1980.] (b) [Repealed, § 10 ch 1 SSSLA 1980.] (c) In computing the tax under this chapter, the taxpayer is not entitled to deduct any taxes based on or measured by net income. The taxpayer may deduct the tax levied and paid under AS 43.55. (d) [Repealed, § 1 ch 98 SLA 1984.] (e) An affiliated group of corporations may make or the commissioner may require them to make a consolidated return for the taxable year in place of separate returns. For purposes of calculating the amount of tax payable by the group under a consolidated filing, 26 U.S.C. 1501 - 1552 (Internal Revenue Code), as amended, apply. (f) [Repealed, § 10 ch 1 SSSLA 1980.] (g) [Repealed, § 10 ch 1 SSSLA 1980.] (h) [Repealed, § 10 ch 1 SSSLA 1980.] (i) A corporation which is a member of a group of unitary corporations which collectively has income from business activity taxable both inside and outside the state, or income from other sources both inside and outside the state, shall determine its income from sources in this state by use of the combined method of accounting.
AK Stat § 43.20.036 (2021)
2021 Alaska Statutes|Title 43. Revenue and Taxation|Chapter 20. Alaska Net Income Tax Act|Article 1. Persons Subject to Tax; Returns and Payment; Credits.|Sec. 43.20.036. Federal tax deductions and credits.

(a) For purposes of calculating the income tax payable under this chapter, the taxpayer may not apply as a credit against tax liability the foreign tax credit allowed as to federal taxes under 26 U.S.C. 27 (Internal Revenue Code). (b) For purposes of calculating the income tax payable under this chapter, the taxpayer may apply as a credit against tax liability the investment credit allowed as to federal taxes under 26 U.S.C. 38 (Internal Revenue Code) upon only the first $20,000,000 of qualified investment, other than qualified investment for a special industrial incentive investment tax credit under AS 43.20.042, put into use in the state for each taxable year. This limitation does not apply to the amounts invested in equipment that meets the definition of a certified pollution control facility as defined in 26 U.S.C. 169 (Internal Revenue Code) as in effect on June 19, 1975, except that the date specified in 26 U.S.C. 169(d) (Internal Revenue Code) as a condition of qualifying a certified pollution control facility for a deduction does not apply. (c) For purposes of calculating the income tax payable under this chapter, the taxpayer may apply as an exemption from tax liability the tax exemption for domestic international sales corporations under 26 U.S.C. 991 (Internal Revenue Code), except those taxpayers who are engaged in the exportation of nonrenewable resources. (d) [Repealed, § 10 ch 1 SSSLA 1980.] (e) [Repealed, § 10 ch 1 SSSLA 1980.] (f) [Repealed, § 10 ch 1 SSSLA 1980.] (g) [Repealed, § 10 ch 1 SSSLA 1980.] (h) [Repealed, § 10 ch 1 SSSLA 1980.] (i) [Repealed, § 10 ch 1 SSSLA 1980.]  (j) For purposes of calculating the tax payable under this chapter, a deduction under 26 U.S.C. 170 may only be taken if payment is made on or before the last day of the taxable year.
AK Stat § 43.20.040 (2021)
2021 Alaska Statutes|Title 43. Revenue and Taxation|Chapter 20. Alaska Net Income Tax Act|Article 1. Persons Subject to Tax; Returns and Payment; Credits.|Sec. 43.20.040. Income from sources in the state.

(a) In this chapter, income from sources in the state includes (1) income from real or tangible personal property located in the state; (2) income of whatever nature from a business, trade or profession having a business situs in the state and compensation for services rendered in the state; (3) income from stocks, bonds, notes, bank deposits, and other intangible personal property having a taxable or business situs in the state; (4) rentals and royalties for the use of or for the privilege of using, in the state, patents, copyrights, secret processes and formulas, good will, marks, trade brands, franchises, and other property having a taxable or business situs in the state. (b) In this section, income is from a source having a taxable or business situs in the state if it is derived from (1) owning or operating business facilities or property in the state; (2) conducting business, farming, or fishing operations in the state; (3) [Repealed, § 10 ch 1 SSSLA 1980.] (4) a partnership which transacts business in the state; (5) a corporation which transacts business in the state which has elected to file federal returns under subchapter S of the Internal Revenue Code; (6) [Repealed, § 10 ch 1 SSSLA 1980.] (7) engaging in any other activity from which income is received, realized or derived in the state. (c) The receipt of income derived solely from interest earned on property in the state does not alone establish a taxable or business situs in the state.
AK Stat § 43.20.044 (2021)
2021 Alaska Statutes|Title 43. Revenue and Taxation|Chapter 20. Alaska Net Income Tax Act|Article 1. Persons Subject to Tax; Returns and Payment; Credits.|Sec. 43.20.044. Exploration credits.

(a) A taxpayer may apply as a credit against the tax levied under this chapter (1) the exploration incentive credit authorized by AS 27.30; (2) an alternative tax credit for oil and gas exploration earned by the taxpayer under AS 43.55.025 for exploration expenditures incurred for work performed on or after July 1, 2016. (b) In a tax year in which a taxpayer applies against the tax levied under this chapter the exploration incentive credit authorized by AS 27.30, the commissioner shall require the taxpayer to submit the accounting of mining operation activities form required by AS 27.30.030(b).
AK Stat § 43.20.048 (2021)
2021 Alaska Statutes|Title 43. Revenue and Taxation|Chapter 20. Alaska Net Income Tax Act|Article 1. Persons Subject to Tax; Returns and Payment; Credits.|Sec. 43.20.048. Veteran employment tax credit.

(a) A taxpayer that hires a veteran and employs the veteran in the state is entitled to a credit under this section against the tax due under this chapter. The taxpayer is entitled to the credit for each veteran whose employment qualifies under this section. (b) To qualify as a veteran for the purposes of the credit under this section, the veteran must have been unemployed for more than four weeks immediately preceding the date employment begins and must have been discharged or released from military service (1) not more than 10 years before the date employment begins in the case of a veteran who is a disabled veteran; or (2) not more than two years before the date employment begins in the case of a veteran who is not a disabled veteran. (c) The amount of credit that may be applied by a taxpayer for each qualifying veteran under this section is, (1) for a veteran employed in the state for 1,560 hours or more during the 12 consecutive months immediately following the date the veteran is first employed, (A) $3,000 for a disabled veteran; and (B) $2,000 for a veteran who is not disabled; (2) for a veteran employed in the state for 500 hours or more in a seasonal position during the three consecutive months immediately following the date the veteran is first employed by an employer in a seasonal position, $1,000; an employer that hires a veteran for a seasonal position may take the credit under this paragraph only for the first season in which the employer employs the veteran. (d) The tax credit under this section may be applied against the tax due under this chapter for the first tax year ending on or after the end of the employment period described in (c) of this section. The credit may not be used to reduce a person's tax liability under this chapter below zero for any tax year, and any credit or portion of a credit not used under this section may be applied in a later tax year. (e) A taxpayer shall keep a record of the name of the veteran employee whose employment is the basis for a credit under this section, documentation supporting the employee's qualification as a veteran or disabled veteran, and the veteran employee's hours employed and period of employment. The department may adopt a regulation that lists the documentation that must be maintained to support a claim that an employee qualifies as a veteran or disabled veteran for purposes of this section. (f) In this section, (1) “disabled veteran” has the meaning given in AS 39.25.159; (2) “seasonal position” means employment that is not intended to continue through an entire calendar year but recurs annually; (3) “veteran” means an individual who served in and was honorably discharged from the (A) armed forces of the United States, including a reserve unit of the armed forces of the United States; or (B) Alaska Territorial Guard, the Alaska Army National Guard, the Alaska Air National Guard, or the Alaska Naval Militia.
AK Stat § 43.20.049 (2021)
2021 Alaska Statutes|Title 43. Revenue and Taxation|Chapter 20. Alaska Net Income Tax Act|Article 1. Persons Subject to Tax; Returns and Payment; Credits.|Sec. 43.20.049. Qualified oil and gas service industry expenditure credit.

(a) For a tax year beginning after December 31, 2013, a taxpayer may apply a credit against the tax due under this chapter for a qualified oil and gas service industry expenditure incurred in the state. The total amount of credit a taxpayer may receive in a tax year may not exceed the lesser of 10 percent of qualified oil and gas service industry expenditures incurred in the state during the tax year or $10,000,000. (b) A taxpayer may not apply more than $10,000,000 in tax credits under this section in a tax year. A tax credit or portion of a tax credit under this section may not be used to reduce the taxpayer's tax liability under this chapter below zero. Any unused tax credit or portion of a tax credit under this section may be applied in later tax years, except that any unused tax credit or portion of a tax credit may not be carried forward for more than five tax years immediately following the tax year in which the qualified oil and gas service industry expenditures were incurred. (c) An expenditure that is the basis of the credit under this section may not be the basis for (1) a deduction against the tax levied under this chapter; (2) a credit or deduction under another provision of this title; or (3) any federal credit claimed under this title. (d) Notwithstanding any contrary provision of AS 40.25.100(a) or AS 43.05.230(e), for a year that three or more taxpayers claim a tax credit under this section, the department may publish the aggregated amount of tax credits claimed under this section and a description of the qualified oil and gas service industry expenditures that were the basis for a tax credit under this section. (e) In this section, (1) “manufacture” means to perform substantial industrial operations in the state to transform raw material into tangible personal property with a useful life of three years or more for use in the exploration for, development of, or production of oil or gas deposits; (2) “modification” means an adjustment, equipping, or other alteration to existing tangible personal property that has a useful life of three years or more and is for use in the exploration for, development of, or production of oil or gas deposits; “modification” does not include minor product alterations or inventory activities; (3) “qualified oil and gas service industry expenditure” means an expenditure directly attributable to an in-state manufacture or in-state modification of tangible personal property used in the exploration for, development of, or production of oil or gas deposits, but does not include components or equipment used for or in the process of that manufacturing or modification.
AK Stat § 43.20.052 (2021)
2021 Alaska Statutes|Title 43. Revenue and Taxation|Chapter 20. Alaska Net Income Tax Act|Article 1. Persons Subject to Tax; Returns and Payment; Credits.|Sec. 43.20.052. Credit for the in-state manufacture of urea, ammonia, or gas-to-liquid products.

(a) A taxpayer that owns an interest, either directly or through a partnership or limited liability company, in an in-state processing facility whose primary function is the manufacturing and sale of urea, ammonia, or gas-to-liquid products to third parties in arm's length transactions is entitled to receive a credit under this section against the tax due under this chapter. The credit under this section is equal to the percentage of the amount of royalty paid under AS 38.05.135 on natural gas from a state lease that is delivered in the taxable year of the taxpayer for use at the in-state processing facility equal to the percentage of the ownership interest held by the taxpayer in the in-state processing facility. (b) A tax credit or portion of a tax credit under this section may not be used to reduce a taxpayer's tax liability under this chapter below zero. An unused tax credit or portion of a tax credit received under this section may not be carried forward for use in a taxable year of the taxpayer after the taxable year in which the credit is earned. (c) To claim a credit under this section, the taxpayer shall (1) report to the department the name of each lessee delivering natural gas for use at the in-state processing facility, the identification and quantity of natural gas from each state lease that is the source of the natural gas, the ownership percentage of the taxpayer in the in-state processing facility, and the price for the natural gas established in a contract between the in-state processing facility and the lessee delivering the natural gas; and (2) demonstrate to the department that the taxpayer, to the maximum extent possible, (A) hires qualified residents from throughout the state for the management, engineering, construction, operation, and maintenance of, and other positions for, the in-state processing facility; (B) establishes hiring facilities in the state or uses existing hiring facilities in the state; and (C) uses, as far as practicable, the job centers and associated services operated by the Department of Labor and Workforce Development or an Internet-based labor exchange system operated by the state. (d) In this section, “gas-to-liquid product” has the meaning given in AS 38.05.180(ll).