Alaska § 43.20.031 - Deduction of taxes; consolidated returns; accounting methods.
Full text of Alaska Alaska Statutes § 43.20.031 — Deduction of taxes; consolidated returns; accounting methods., with citation guidance and answers to common questions.
§ 43.20.031. Deduction of taxes; consolidated returns; accounting methods.
(a) [Repealed, § 10 ch 1 SSSLA 1980.] (b) [Repealed, § 10 ch 1 SSSLA 1980.] (c) In computing the tax under this chapter, the taxpayer is not entitled to deduct any taxes based on or measured by net income. The taxpayer may deduct the tax levied and paid under AS 43.55 .
(d) [Repealed, § 1 ch 98 SLA 1984.] (e) An affiliated group of corporations may make or the commissioner may require them to make a consolidated return for the taxable year in place of separate returns. For purposes of calculating the amount of tax payable by the group under a consolidated filing, 26 U.S.C. 1501 — 1552 (Internal Revenue Code), as amended, apply.
(f) [Repealed, § 10 ch 1 SSSLA 1980.] (g) [Repealed, § 10 ch 1 SSSLA 1980.] (h) [Repealed, § 10 ch 1 SSSLA 1980.] (i) A corporation which is a member of a group of unitary corporations which collectively has income from business activity taxable both inside and outside the state, or income from other sources both inside and outside the state, shall determine its income from sources in this state by use of the combined method of accounting.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 43.20.031
What does Alaska Statutes § 43.20.031 cover?
Section 43.20.031 ("Deduction of taxes; consolidated returns; accounting methods.") 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 § 43.20.031?
A common citation format is "Alaska Statutes § 43.20.031" (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 § 43.20.031 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.