The following rates are applicable to the taxable income of a person subject to the mining license tax:
TAXABLE INCOME TAX RATE $40,000 and under . . . . . no tax Over $40,000 and not over $50,000 . . . . . 3 percent of theentire taxable income Over $50,000 and not over $100,000 . . . . . $1,500 plus 5 percent of the excess over $50,000Over $100,000 . . . . . $4,000 plus 7 percent of the excess over $100,000.
15 AAC 65.130
Authority:AS 43.05.080
AS 43.65.010