# Alaska Stat. § 43.20.031: Deduction of taxes; consolidated returns; accounting methods

> Alaska · Statutes · Reserved

URL: https://www.frixlaw.com/law-library/statutes/STATE_AK_T43_C43.20_S43.20.031

## Section

- **Citation:** Alaska Stat. § 43.20.031
- **Heading:** Deduction of taxes; consolidated returns; accounting methods
- **Jurisdiction:** Alaska
- **Kind:** Statutes
- **Status:** Reserved
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** AK Code / Title 43 / Chapter 43.20 / Section 43.20.031

## Text

(a) [Repealed, § 10 ch 1 SSSLA 1980.] (b) [Repealed, § 10 ch 1 SSSLA 1980.] (c) In computing the tax under this chapter, the taxpayer is not entitled to deduct any taxes based on or measured by net income. The taxpayer may deduct the tax levied and paid under AS 43.55 .

(d) [Repealed, § 1 ch 98 SLA 1984.] (e) An affiliated group of corporations may make or the commissioner may require them to make a consolidated return for the taxable year in place of separate returns. For purposes of calculating the amount of tax payable by the group under a consolidated filing, 26 U.S.C. 1501 — 1552 (Internal Revenue Code), as amended, apply.

(f) [Repealed, § 10 ch 1 SSSLA 1980.] (g) [Repealed, § 10 ch 1 SSSLA 1980.] (h) [Repealed, § 10 ch 1 SSSLA 1980.] (i) A corporation which is a member of a group of unitary corporations which collectively has income from business activity taxable both inside and outside the state, or income from other sources both inside and outside the state, shall determine its income from sources in this state by use of the combined method of accounting.

## Nearby sections

- [Alaska Stat. § 43.20.011 Tax on corporations.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T43_C43.20_S43.20.011.md)
- [Alaska Stat. § 43.20.012 Limitation on application of chapter; credits.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T43_C43.20_S43.20.012.md)
- [Alaska Stat. § 43.20.013 Individual tax credits.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T43_C43.20_S43.20.013.md)
- [Alaska Stat. § 43.20.014 Income tax education credit. [See delayed repeal note.]](https://www.frixlaw.com/law-library/statutes/STATE_AK_T43_C43.20_S43.20.014.md)
- [Alaska Stat. § 43.20.021 Internal Revenue Code adopted by reference.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T43_C43.20_S43.20.021.md)
- [Alaska Stat. § 43.20.030 Returns and payment of taxes.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T43_C43.20_S43.20.030.md)
- [Alaska Stat. § 43.20.031 Deduction of taxes; consolidated returns; accounting methods.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T43_C43.20_S43.20.031.md)
- [Alaska Stat. § 43.20.036 Federal tax deductions and credits.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T43_C43.20_S43.20.036.md)
- [Alaska Stat. § 43.20.040 Income from sources in the state.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T43_C43.20_S43.20.040.md)
- [Alaska Stat. § 43.20.042 Special industrial incentive investment tax credits.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T43_C43.20_S43.20.042.md)
- [Alaska Stat. § 43.20.044 Exploration credits.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T43_C43.20_S43.20.044.md)
- [Alaska Stat. § 43.20.046 Gas storage facility tax credit.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T43_C43.20_S43.20.046.md)
- [Alaska Stat. § 43.20.047 Liquefied natural gas storage facility tax credit.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T43_C43.20_S43.20.047.md)
- [Alaska Stat. § 43.20.048 Veteran employment tax credit.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T43_C43.20_S43.20.048.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AK_T43_C43.20_S43.20.031. Check the current official text before relying on it. Not legal advice.