AS 43.20.011: Tax on corporations.

(a) [Repealed, § 10 ch 1 SSSLA 1980.]

(b) [Repealed, § 10 ch 1 SSSLA 1980.]

(c) [Repealed, § 10 ch 1 SSSLA 1980.]

(d) [Repealed, § 10 ch 1 SSSLA 1980.]

(e) There is imposed for each taxable year upon the entire taxable income of every corporation derived from sources within the state a tax computed as follows:

If the taxable income is:Then the tax is:

Less than $25,000zero

$25,000 but less than $49,0002 percent of the taxable income over

$25,000

$49,000 but less than $74,000$480 plus 3 percent of the taxable income

over $49,000

$74,000 but less than $99,000$1,230 plus 4 percent of the taxable

income over $74,000

$99,000 but less than $124,000$2,230 plus 5 percent of the taxable

income over $99,000

$124,000 but less than $148,000$3,480 plus 6 percent of the taxable

income over $124,000

$148,000 but less than $173,000$4,920 plus 7 percent of the taxable

income over $148,000

$173,000 but less than $198,000$6,670 plus 8 percent of the taxable

income over $173,000

$198,000 but less than $222,000$8,670 plus 9 percent of the taxable

income over $198,000

$222,000 or more$10,830 plus 9.4 percent of the taxable

income over $222,000.

(f) [Repealed, § 10 ch 1 SSSLA 1980.]