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Government : low taxes, pro development



Fairbanks Borough Assembly
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Fairbanks Borough Assembly Photo credit: Larysa Bezaire

The Fairbanks North Star Borough
The City of Fairbanks, Fairbanks North Star Borough, and State of Alaska have no personal income or sales tax. Property taxes are comparable or less than many equivalent communities in “lower 48.” The Fairbanks North Star Borough has more information on assessing owner's property tax.

Government Structure
The Fairbanks North Star Borough (FNSB) is governed by an nine-member assembly and an elected Mayor. The City of Fairbanks has a Mayor/Council form of government, run by an elected full-time mayor and six council members. The City of North Pole is governed by a strong mayor and six council members.

Pro-Development
State and local government officials support development, because they recognize the importance of broadening Alaska's economic base. The local legislative delegation, consisting of three senators (out of 20) and five representatives (out of 40), provides important leadership in a Legislature which is predominantly pro-development.

Low Corporate income tax
Sole proprietors, partnerships, and S corps do not pay a corporate income tax. The following link takes you to a form with the tax rate schedule on it (p. 3). Basically regular C type corporations pay a graduated tax (corporate income tax) with the highest rate being 9.4% on $90,000 or more net profit off of the federal tax return.

For specific information on utilities or any other questions, please email cometofairbanks@fnsb.us
Quote from Joe H.Quote from Joe H.
Come to Fairbanks
Copyright 2004 - 2014 ©, Come to Fairbanks, all rights reserved.

This site is brought to you by:
Fairbanks North Star Borough, Economic Development Division
PO Box 71267, Fairbanks, Alaska 99707. Phone: 907-459-1300

The preparation of this strategy was financed in part by funds received from
the State Department of Community and Economic Development, Division of
Community and Business Development and the Alaska Industrial Development
and Export Authority.

Questions, suggestions and recommended links may be sent to:
cometofairbanks@fnsb.us.

Acknowledgements

Web Site by Sundog Media LLC


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