Alaska House rejects Senate bid to impose corporate tax on privately owned oil companies

By: Corinne Smith

Outlets: Alaska Beacon

Published: April 16, 2026

Words: 1,102

Last Updated: 3 months, 2 weeks ago

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The Alaska House of Representatives on Monday rejected a bill passed by the Senate that would have applied state corporate income taxes to privately owned oil and gas companies that currently do not pay them. Supporters said the bill would have generated up to $100 million in new revenue for Alaska.

The proposal would have required companies licensed as S corporations or as limited liability companies to pay state corporate income taxes for profits earned …

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