On the last day of the legislative session, Alaska lawmakers successfully passed a bill to update the state’s corporate income tax, which is expected to generate between $10 million and $15 million annually. This update, which primarily targets online businesses, addresses a significant gap in the current tax structure that allows companies like Facebook and Netflix to avoid paying taxes on sales made in Alaska by claiming they occur at their corporate headquarters elsewhere. Senator Bill Wielechowski highlighted that the change would not impact local businesses but would level the playing field against out-of-state corporations. The bill received bipartisan support, passing the Senate with a 17-3 vote and the House with a 28-11 vote, although it faced some opposition from minority Republicans. Initially projected to raise up to $65 million annually, the revenue estimate was reduced after lawmakers removed a provision related to 'highly digitized businesses.' Governor Mike Dunleavy, who had previously vetoed similar legislation, has not publicly stated his position on this bill. If enacted, the new tax structure will take effect in 2027.