SB 137 would impose a tax of $100 a year on each employed individual age 19 or older, including the self-employed. Under this bill, the employer would deduct $50 from the employee's salary on each of their first two regular payrolls after July1 of the calendar year. A provision has been added to prevent this tax from being taken out more than once when the employee provides proof to their new employer that the tax has already been satisfied. The tax will not apply to individuals not required to file a federal income tax return under 26 U.S.C. (Internal Revenue Code).

The tax collected under AS 43.45.021 would be deposited into the state's general fund, but accounted for separately. In turn, the legislature may then appropriate the amounts collected under this section for education.

This authorization is not intended to create a dedication of funds in violation of art. IX,. 7, of the Constitution of the State of Alaska.

I urge your support of this bill.

Last Updated: 03-26-03

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