# Alaska Stat. § 43.20.040: Income from sources in the state

> Alaska · Statutes · Reserved

URL: https://www.frixlaw.com/law-library/statutes/STATE_AK_T43_C43.20_S43.20.040

## Section

- **Citation:** Alaska Stat. § 43.20.040
- **Heading:** Income from sources in the state
- **Jurisdiction:** Alaska
- **Kind:** Statutes
- **Status:** Reserved
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** AK Code / Title 43 / Chapter 43.20 / Section 43.20.040

## Text

(a) In this chapter, income from sources in the state includes (1) income from real or tangible personal property located in the state;

(2) income of whatever nature from a business, trade or profession having a business situs in the state and compensation for services rendered in the state;

(3) income from stocks, bonds, notes, bank deposits, and other intangible personal property having a taxable or business situs in the state;

(4) rentals and royalties for the use of or for the privilege of using, in the state, patents, copyrights, secret processes and formulas, good will, marks, trade brands, franchises, and other property having a taxable or business situs in the state.

(b) In this section, income is from a source having a taxable or business situs in the state if it is derived from (1) owning or operating business facilities or property in the state;

(2) conducting business, farming, or fishing operations in the state;

(3) [Repealed, § 10 ch 1 SSSLA 1980.] (4) a partnership which transacts business in the state;

(5) a corporation which transacts business in the state which has elected to file federal returns under subchapter S of the Internal Revenue Code;

(6) [Repealed, § 10 ch 1 SSSLA 1980.] (7) engaging in any other activity from which income is received, realized or derived in the state.

(c) The receipt of income derived solely from interest earned on property in the state does not alone establish a taxable or business situs in the state.

## 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_S43.20.040. Check the current official text before relying on it. Not legal advice.