Committee explores HB350 taxing large pass‑through entities; seeks revenue modeling and Department of Revenue input The committee reviewed HB350, a proposal to tax pass‑through entities (S corporations/LLCs) with over $25 million in taxable income at a rate tied to the existing C‑corp rate (discussed as 9.4%). Members pressed for modeling on affected taxpayers, implementation and audits; the committee requested Department of Revenue staff attend a future hearing.

Alaska's House Labor and Commerce Committee is diving deep into a new bill that could reshape taxation for large pass-through entities—will it hit the $25 million mark?

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