Alaska HB 250 – Individual Income Tax – Reclassification of fishermen & crew as employers & employees

From UFA President Jerry McCune: House Finance was scheduled to hear HB 250 regarding personal income taxes Thursday, but did not get to it and it is now scheduled for Tuesday April 5 at 5:00 pm, and on Friday April 8 at 1:30. This bill as drafted includes a general individual income tax of seven percent of federal tax liability, and reclassification of fishermen & crew as employers & employees for this purpose. Most interesting is a requirement for fishermen to withhold the estimated state tax liability equal to seven percent of the crew member’s federal tax liability. Read the post, Click here  Read the Bill here 13:52