Legislation to bring back a state tax on individual Alaskans to help pay for schools â which was abolished in 1980 as the state got rich with oil â looks destined for more homework and returning to class in committee next year.
The bill moved out of the House Ways and Means Committee on May 6, moving next to the Finance Committee. But getting a tax bill through the full House and Senate before the Legislatureâs May 19 adjournment deadline would be a tough assignment in any political school.
The measure, as amended by the committee last week, would impose an annual tax of $25 on all Alaskans earning less than $30,000 a year. At between $30,000 and $60,000 in annual income, the tax would be $100. The rate would go to $200 for people earning between $60,000 and $90,000 a year; $400 for incomes over $90,000; and $600 a year for incomes over $120,000.