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February 13, 2017

Alaska bill pitches state income tax

JUNEAU, Alaska (AP) — A fiscal plan proposed by Alaska House leaders would reinstitute a personal state income tax for the first time in decades and use earnings from Alaska's oil-wealth fund to help pay for government.

The measure would annually draw from fund earnings 4.75 percent of an average of the fund's market value. One-third of the draw would pay for the annual dividends Alaskans receive from the fund. The rest would go to the state treasury.


 
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