State Corporate Income Tax Analysis

Current Law: AS 43.20.11 (e) If the taxable income is Less than $10,000 $10,000 but less than $20,000 $20,000 but less than $30,000 $30,000 but less than $40,000 $40,000 but less than $50,000 $50,000 but less than $60,000 $60,000 but less than $70,000 $70,000 but less than $80,000 $80,000 but less than $90,000 $90,000 or more Then the tax is: 1 percent of the taxable income $100 plus 2 percent of the taxable income over $10,000 $300 plus 3 percent of the taxable income over $20,000 $600 plus 4 percent of the taxable income over $30,000 $1,000 plus 5 percent of the taxable income over $40,000 $1,500 plus 6 percent of the taxable income over $50,000 $2,100 plus 7 percent of the taxable income over $60,000 $2,800 plus 8 percent of the taxable income over $70,000 $3,600 plus 9 percent of the taxable income over $80,000 $4,500 plus 9.4 percent of the taxable income over $90,000

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