Budget & Taxes in Alaska

in committee · Alaska · Senate Jan 23, 2026

SB 223: An Act relating to an appropriation limit; and providing for an effective date.

This bill limits annual state spending increases to 5% plus changes in population and inflation, excluding specific funds like the permanent fund, mental health trust accounts, and certain bond proceeds. It applies to most state budget items, requiring spending to stay within the previous year's level adjusted for population growth (based on Labor Department estimates) and inflation (using Anchorage CPI data). The limit includes carryover funds from the prior fiscal year. The bill takes effect July 1, 2027.

Topics ✗ Budget & Taxes

Sub-Topics Appropriations Government Spending State Budget

in committee · Alaska · House Jan 23, 2026

HB 254: An Act relating to increases in property assessments.

HB 254 limits annual increases in property tax assessments to 5% unless based on a new improvement to the property or previously unknown information. This directly affects property owners in Alaska, as it restricts how much their assessed value (and thus tax bills) can rise each year. The bill amends existing law to add this cap, meaning assessors cannot raise values beyond 5% without meeting the specific exceptions. Previously, there was no such annual limit on assessment increases.

Topics ✗ Budget & Taxes

Sub-Topics Property Tax

signed · Alaska · House Jul 3, 2026

HB 263: An Act making appropriations for the operating and loan program expenses of state government and for certain programs; capitalizing funds; amending appropriations; making supplemental appropriations; and providing for an effective date.

HB 263 is an appropriations bill that allocates funding for Alaska's state government operations and programs for the fiscal year 2027 (July 1, 2026-June 30, 2027). It provides specific funding amounts for departments like the Department of Administration, Office of Information Technology, and Public Communications Services, including unexpended balances from previous years. The bill also allows limited transfers between certain retirement funds and specifies how capitalization and supplemental funding will be handled. As a routine budget measure, it does not create new policies or directly affect citizens but ensures state agencies have funding for ongoing operations.

Topics ✓ Budget & Taxes

Sub-Topics Appropriations State Budget

in committee · Alaska · Senate Feb 18, 2026

SB 218: An Act relating to the taxation of electric cooperatives; relating to the taxation of electricity generation and electricity storage facilities; and providing for an effective date.

SB 218 exempts electric cooperatives from state and local ad valorem, income, and excise taxes. It also creates tax exemptions for new electricity generation and storage facilities (constructed on or after July 1, 2024) if operated by a public utility or joint action agency, or if they sell exclusively to public utilities or to end users not previously served by a public utility as of July 1, 2026. The bill repeals existing tax provisions for electric cooperatives and related facilities, effective July 1, 2026. This directly affects electric cooperatives and qualifying new energy infrastructure projects meeting the specified conditions.

Topics ✗ Budget & Taxes ✓ Energy

Sub-Topics Business Taxes Tax Incentives

signed · Alaska · Senate Jul 1, 2026

SB 214: An Act making appropriations, including capital appropriations, supplemental appropriations, and reappropriations; making appropriations to capitalize funds; amending appropriations; and providing for an effective date.

SB 214 is a funding bill that allocates state budget resources to specific agencies and projects, rather than creating new policies. It directs approximately $272.5 million for village water infrastructure, $15.3 million for cruise terminal electrification, and $6.8 million for salmon recovery programs under the Pacific Coastal Salmon Recovery Fund. The bill specifies exact funding amounts for departments including Environmental Conservation, Fish and Game, and Commerce, with all allocations tied to existing state programs and federal grant requirements. As a procedural appropriations measure, it does not establish new regulations or alter policy but authorizes the use of existing funds for designated purposes.

Topics ✓ Budget & Taxes ✓ Environment ✓ Transportation

Sub-Topics Appropriations State Budget Coastal & Flood Protection Conservation Wildlife

signed · Alaska · House Jul 3, 2026

HB 265: An Act making appropriations for the operating and capital expenses of the state's integrated comprehensive mental health program; and providing for an effective date.

HB 265 allocates $22.2 million to Alaska Psychiatric Institute and $10.2 million to behavioral health services for the 2026-2027 fiscal year. It funds operating and capital expenses for state mental health programs across multiple departments, including community residential centers, juvenile justice mental health care, and family services. The bill directs specific funding amounts to existing services like substance abuse treatment, foster care mental health support, and psychiatric facility operations. This is a budget allocation bill, providing funding for current state mental health programs without creating new policies or regulations.

Topics ✓ Budget & Taxes ✓ Healthcare

Sub-Topics Mental Health Substance Abuse

in committee · Alaska · Senate May 11, 2026

SB 217: An Act relating to employer contributions to the unemployment compensation fund; establishing an employer contribution for the state training and employment program; and providing for an effective date.

SB 217 requires Alaska employers to pay an additional 0.4% contribution on taxable wages to fund the state's training and employment program, effective January 1, 2027. This new tax applies to all employers already subject to unemployment compensation contributions under existing law. Employers can apply credits for prior payments made under the unemployment fund to offset this new obligation. The revenue collected will directly support workforce development services through the state's employment assistance and training program.

Topics ✓ Budget & Taxes ✓ Labor & Employment

Sub-Topics Unemployment Workforce Development

in committee · Alaska · House Feb 13, 2026

HB 283: An Act making supplemental appropriations; making appropriations under art. IX, sec. 17(c), Constitution of the State of Alaska, from the constitutional budget reserve fund; and providing for an effective date.

HB 283 allocates $36.4 million from Alaska's constitutional budget reserve fund to support Medicaid services under the Department of Health for the 2025-2026 fiscal year. It also allocates $70.15 million for transportation projects, including highway maintenance, aviation programs, and federal matching funds, through the Department of Transportation and Public Facilities. The bill uses existing state reserve funds to supplement current agency budgets without new tax revenue. This is a routine budget adjustment for ongoing state operations, not a new policy.

Topics ✓ Budget & Taxes ✓ Healthcare ✓ Transportation

Sub-Topics Appropriations Revenue State Budget Medicaid Airports Roads & Highways

in committee · Alaska · House Jan 23, 2026

HB 268: An Act relating to the taxation of electric cooperatives; relating to the taxation of electricity generation and electricity storage facilities; and providing for an effective date.

HB 268 exempts electric cooperatives from state and local property, income, and excise taxes. It also creates tax exemptions for new electricity generation and storage facilities built after July 1, 2024, if operated by public utilities or serving only other utilities or new customers without prior service as of July 2026. The bill adjusts tax refund rules, requiring local governments to receive refunds based on where cooperative revenue was earned, except when earned outside city limits. The changes take effect July 1, 2026.

Topics ✓ Budget & Taxes ✓ Energy

Sub-Topics Business Taxes Sales Tax Tax Incentives

in committee · Alaska · Senate May 18, 2026

SB 227: An Act relating to the Multistate Tax Compact; relating to apportionment of income to the state; establishing a state sales and use tax; relating to taxes levied by cities and boroughs; relating to the corporate income tax; authorizing the Department of Revenue to enter into the Streamlined Sales and Use Tax Agreement or substantially similar agreement; relating to the oil and gas production tax; establishing an infrastructure maintenance surcharge on oil; establishing a pipeline corridor maintenance fund; and providing for an effective date.

SB 227 establishes a new state-level sales and use tax in Alaska, replacing the current system where local governments collected taxes. It allows boroughs and cities to levy local sales taxes under state administration, authorizes the Department of Revenue to join the Streamlined Sales and Use Tax Agreement, and adds an infrastructure maintenance surcharge on oil production. The bill also modifies corporate income tax rules, creates a pipeline corridor maintenance fund, and adjusts how local taxes are collected and distributed. These changes directly affect businesses, oil producers, and local governments managing tax revenues. The bill aims to simplify tax collection and fund infrastructure maintenance through new revenue streams.

Topics ✓ Budget & Taxes ✗ Energy ✓ Transportation

Sub-Topics Business Taxes Fees & Licensing Sales Tax Oil & Gas Pipeline Infrastructure

All budget & taxes bills