Alaska § 43.20.040 - Income from sources in the state.
Full text of Alaska Alaska Statutes § 43.20.040 — Income from sources in the state., with citation guidance and answers to common questions.
§ 43.20.040. Income from sources in the state.
(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(3) [Repealed, § 10 ch 1 SSSLA 1980.]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(6) [Repealed, § 10 ch 1 SSSLA 1980.]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.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 43.20.040
What does Alaska Statutes § 43.20.040 cover?
Section 43.20.040 ("Income from sources in the state.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 43.20.040?
A common citation format is "Alaska Statutes § 43.20.040" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 43.20.040 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.