- Alaska Statutes.
- Title 43. Revenue and Taxation
- Chapter 31. Estate Tax Law of Alaska
- Section 31. Tax Upon Estates of Alien Decedents.
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. Tax Upon Estates of Nonresident Decedents.
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. Administration By Department of Revenue.
AS 43.31.031. Tax Upon Estates of Alien Decedents.
- (a) A tax is imposed upon the transfer of real property situated and tangible personal property having an actual situs in
this state and upon intangible personal property physically present in this state of a person who at the time of death
was not a resident of the United States, the amount of which is a sum equal to that proportion of the credit allowable
under the applicable federal revenue Act for estate, inheritance, legacy, and succession taxes actually paid to the
several states, as the value of the property taxable in this state bears to the value of the estate taxable by the
United States wherever situated.
- (b) For the purpose of this section, stock in a corporation organized under the laws of this state shall be considered
physically present in this state. The amount receivable as insurance upon the life of a decedent who at the time of
death was not a resident of the United States, and any money deposited with a person carrying on the banking business
by or for the decedent who was not engaged in business in the United States at the time of death, is not for the
purpose of this section, considered to be physically present in this state.
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