Even though Alaska has no State Tax, 89 municipalities do collect a local sales tax. The rates vary from 1% to 7.5% and are usually somewhere around 3-5%. In addition to that, there are other specific local taxes, including hotel, motel, bed and breakfast ?bed taxes?, raw fish taxes, liquor and tobacco taxes, gaming taxes, fuel transfer taxes and tire taxes. Municipalities in Alaska are also entitled to a portion of the revenue from certain state taxes and license fees (from petroleum, telephone cooperative, and aviation motor fuel).
Credit Finance
As far as property taxes go, Fairbanks has one of the highest in Alaska. This is due to the fact that no income or sales tax is assessed at the Fairbanks North Star Borough. Though a sales tax has been voted on many times at the FNSB, it has never been approved, and lawmakers have instead put a large tax on certain goods such as liquor and tobacco.
Tags: Alaska state income tax
Posted February 10, 2012 by Frank Ellis under Finance
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Source: http://www.creditfriendlyfinance.com/alaska-state-income-tax/
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