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us-ak/statute/43/20/12 — 12 Limitation on application of chapter; credits. · Axiom

12 Limitation on application of chapter; credits.

10 rules

(a) The tax imposed by this chapter does not apply to (1) an individual; (2) a fiduciary; (3) the income received by a regional association qualified under AS 16.10.380 or nonprofit corporation holding a hatchery permit under AS 16.10.400 from the sale of salmon or salmon eggs under AS 16.10.450 or from a cost recovery fishery under AS 16.10.455; or (4) the income received by a nonprofit corporation holding a permit under AS 16.12.010 from the sale of shellfish under AS 16.12.080 or from a cost recovery fishery under AS 16.12.090. (b) An individual may file a return under this chapter in order to receive a tax credit under AS 43.20.013. (c) [Repealed, § 5 ch 55 SLA 2023.] (d) [Repealed, § 5 ch 55 SLA 2023.]

in view

Whole section

Encodings · 10

Encoded from this provision

us-ak/policy/income_tax/2026_resident_zero_liability

ak_pit_2026_alaska_adjusted_gross_incomeAK 43 § 20 (12) (a) · derived

Alaska Stat. § 43.20.012(a)(1), no individual income-tax base

name: ak_pit_2026_alaska_adjusted_gross_income
kind: derived
entity: TaxUnit
dtype: Money
period: Year
unit: USD
source: Alaska Stat. § 43.20.012(a)(1), no individual income-tax base
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-ak/statute/43/20/12
          excerpt: The tax imposed by this chapter does not apply to (1) an individual
versions:
  - effective_from: '2026-01-01'
    effective_to: '2026-12-31'
    formula: 0

ak_pit_2026_chapter_tax_applies_to_individualAK 43 § 20 (12) (a) · derived

Alaska Stat. § 43.20.012(a)(1)

name: ak_pit_2026_chapter_tax_applies_to_individual
kind: derived
dtype: Boolean
period: Year
source: Alaska Stat. § 43.20.012(a)(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-ak/statute/43/20/12
          excerpt: The tax imposed by this chapter does not apply to (1) an individual
versions:
  - effective_from: '2026-01-01'
    effective_to: '2026-12-31'
    formula: false

ak_pit_2026_credit_return_surface_appliesAK 43 § 20 (12) (b) · derived

Alaska Stat. § 43.20.012(b)

name: ak_pit_2026_credit_return_surface_applies
kind: derived
dtype: Boolean
period: Year
source: Alaska Stat. § 43.20.012(b)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-ak/statute/43/20/12
          excerpt: >-
            An individual may file a return under this chapter in order to
            receive a tax credit under AS 43.20.013.
versions:
  - effective_from: '2026-01-01'
    effective_to: '2026-12-31'
    formula: true

ak_pit_2026_deduction_and_exemption_stage_appliesAK 43 § 20 (12) (a) · derived

Alaska Stat. § 43.20.012(a)(1), chapter tax inapplicable to individuals

name: ak_pit_2026_deduction_and_exemption_stage_applies
kind: derived
dtype: Boolean
period: Year
source: Alaska Stat. § 43.20.012(a)(1), chapter tax inapplicable to individuals
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-ak/statute/43/20/12
          excerpt: The tax imposed by this chapter does not apply to (1) an individual
versions:
  - effective_from: '2026-01-01'
    effective_to: '2026-12-31'
    formula: false

ak_pit_2026_deductions_and_exemptionsAK 43 § 20 (12) (a) · derived

Alaska Stat. § 43.20.012(a)(1), no individual deduction or exemption stage

name: ak_pit_2026_deductions_and_exemptions
kind: derived
entity: TaxUnit
dtype: Money
period: Year
unit: USD
source: Alaska Stat. § 43.20.012(a)(1), no individual deduction or exemption stage
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-ak/statute/43/20/12
          excerpt: The tax imposed by this chapter does not apply to (1) an individual
versions:
  - effective_from: '2026-01-01'
    effective_to: '2026-12-31'
    formula: 0

ak_pit_2026_net_income_tax_liability_before_paymentsAK 43 § 20 (12) · derived

Fail-closed sentinel pending refundable-credit amount and signed-liability completion

name: ak_pit_2026_net_income_tax_liability_before_payments
kind: derived
entity: TaxUnit
dtype: Money
period: Year
unit: USD
source: >-
  Fail-closed sentinel pending refundable-credit amount and signed-liability
  completion
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-ak/statute/43/20/12
          excerpt: The tax imposed by this chapter does not apply to (1) an individual
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-ak/statute/43/20/13
          excerpt: payment may not be made without an appropriation for that purpose.
versions:
  - effective_from: '2026-01-01'
    effective_to: '2026-12-31'
    formula: 0

ak_pit_2026_surtax_stage_appliesAK 43 § 20 (12) (a) · derived

Alaska Stat. § 43.20.012(a)(1), chapter tax inapplicable to individuals

name: ak_pit_2026_surtax_stage_applies
kind: derived
dtype: Boolean
period: Year
source: Alaska Stat. § 43.20.012(a)(1), chapter tax inapplicable to individuals
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-ak/statute/43/20/12
          excerpt: The tax imposed by this chapter does not apply to (1) an individual
versions:
  - effective_from: '2026-01-01'
    effective_to: '2026-12-31'
    formula: false

ak_pit_2026_tax_after_nonrefundable_creditsAK 43 § 20 (12) (a) · derived

Alaska Stat. §§ 43.20.012(a)(1), 43.20.013(c)

name: ak_pit_2026_tax_after_nonrefundable_credits
kind: derived
entity: TaxUnit
dtype: Money
period: Year
unit: USD
source: Alaska Stat. §§ 43.20.012(a)(1), 43.20.013(c)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-ak/statute/43/20/12
          excerpt: The tax imposed by this chapter does not apply to (1) an individual
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-ak/statute/43/20/13
          excerpt: >-
            A credit under this section shall be paid in the manner provided in
            AS 43.20.030(e) for the payment of refunds
versions:
  - effective_from: '2026-01-01'
    effective_to: '2026-12-31'
    formula: 0

ak_pit_2026_tax_before_creditsAK 43 § 20 (12) (a) · derived

Alaska Stat. §§ 43.20.011(e), 43.20.012(a)(1)

name: ak_pit_2026_tax_before_credits
kind: derived
entity: TaxUnit
dtype: Money
period: Year
unit: USD
source: Alaska Stat. §§ 43.20.011(e), 43.20.012(a)(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-ak/statute/43/20/11
          excerpt: >-
            There is imposed for each taxable year upon the entire taxable
            income of every corporation
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-ak/statute/43/20/12
          excerpt: The tax imposed by this chapter does not apply to (1) an individual
versions:
  - effective_from: '2026-01-01'
    effective_to: '2026-12-31'
    formula: 0

ak_pit_2026_taxable_incomeAK 43 § 20 (12) (a) · derived

Alaska Stat. § 43.20.012(a)(1), no individual taxable-income stage

name: ak_pit_2026_taxable_income
kind: derived
entity: TaxUnit
dtype: Money
period: Year
unit: USD
source: Alaska Stat. § 43.20.012(a)(1), no individual taxable-income stage
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-ak/statute/43/20/12
          excerpt: The tax imposed by this chapter does not apply to (1) an individual
versions:
  - effective_from: '2026-01-01'
    effective_to: '2026-12-31'
    formula: 0

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