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Taxes on Business Income in Alaska

April 13, 2006

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The following are the major tax types of income taxes that affect small businesses. Our intent is to give you a general understanding of when the various taxes will apply to you and what they will mean to your business.

• Franchise tax is required from most corporations doing business in Alaska.
• Corporate income tax computed based upon corporate profitability is a required tax in Alaska.
• Personal income tax based on a person's income, is not required in Alaska.

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