Alaska § 47.45.120 - Exemption from state and local taxation and from debt collection.

Full text of Alaska Alaska Statutes § 47.45.120 — Exemption from state and local taxation and from debt collection., with citation guidance and answers to common questions.

§ 47.45.120. Exemption from state and local taxation and from debt collection.

 (a) Bonuses received under AS 47.45.010 — 47.45.160 are exempt from all state and political subdivision taxes except sales and use taxes. A bonus received under AS 47.45.010 — 47.45.160 is not exempt from a federal tax requirement.

 (b) Bonuses received under AS 47.45.010 — 47.45.160 are exempt from levy to enforce the collection of a debt as provided in AS 09.38 (Alaska Exemptions Act).

Source: official Alaska text · Last verified 2026-08-27

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Frequently Asked Questions About Alaska § 47.45.120

What does Alaska Statutes § 47.45.120 cover?

Section 47.45.120 ("Exemption from state and local taxation and from debt collection.") 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 § 47.45.120?

A common citation format is "Alaska Statutes § 47.45.120" (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 § 47.45.120 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.