Bill would bring back income tax, draw Permanent Fund money for state budget

Rep. Paul Seaton, co-chair, House Finance Committee, discusses House Bill 115 with Alaska Public Media and KTOO reporter Andrew Kitchenman following the House floor session Friday. The bill creates a state income tax, draws money from the Permanent Fund for the state budget, and introduces a new formula for setting the amount of the Permanent Fund dividend. (Photo by Skip Gray/360 North)Alaskans would pay a tax on income for the first time since 1980 under a bill introduced in the Legislature on