Committee holds first hearing on tax for large pass‑through entities with $25M threshold At a first hearing, staff summarized HB350, which would subject pass‑through 'qualified entities' with more than $25 million in taxable income to a 9.4% rate (parity with the corporate rate); members questioned the threshold, credits, and potential revenue impacts, and staff cited a fiscal‑note estimate up to $110 million annually.

Alaska's House Labor and Commerce Committee just kicked off discussions on a bold proposal that could tax large pass-through businesses, potentially generating up to $110 million annually!

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