Taxation of new electricity generation and storage facilities.

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AK Code › Title 43 › Chapter 43.98 › Section 43.98.100

This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

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(a) An electricity generation facility or electricity storage facility that is constructed and placed into service on or after July 1, 2024, is not subject to state and local ad valorem, income, and excise taxes if the electricity generation facility is (1) operated by a public utility or joint action agency established under AS 42.45.310 ; or

(2) operated by an entity other than a public utility and provides power only to a public utility.

(b) In this section, “public utility” has the meaning given in AS 42.05.990 .

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Taxation of new electricity generation and storage facilities. · Alaska Stat. § 43.98.100 | Frix