Government : low taxes, pro
development
The Fairbanks North Star Borough
The
City of Fairbanks,
Fairbanks North Star Borough, and
State of Alaska
have no personal income or sales tax. Property taxes are
comparable or less than many equivalent communities in
“lower 48.” The
Fairbanks North Star Borough has more information on
assessing owner's property tax.
Government Structure
The
Fairbanks North Star Borough (FNSB) is governed by
an nine-member assembly and an elected Mayor. The
City of Fairbanks has a Mayor/Council form of
government, run by an elected full-time mayor and six
council members. The
City of North Pole is governed by a strong mayor and
six council members.
Pro-Development
State and local government officials support
development, because they recognize the importance of
broadening Alaska's economic base. The local legislative
delegation, consisting of three senators (out of 20) and
five representatives (out of 40), provides important
leadership in a
Legislature which is predominantly pro-development.
Low Corporate income tax
Sole proprietors, partnerships, and S corps do not pay a corporate income tax. The following link takes you to a form with the tax rate schedule on it (p. 3). Basically regular C type corporations pay a graduated tax
(corporate
income tax) with the highest rate being 9.4% on $90,000 or more net profit off of the federal tax return.
For specific information on utilities or any other questions, please email
info@cometofairbanks.com
|
Home
/ Main Business /
