(a) Bonuses received under AS 47.45.010 - 47.45.160 are exempt from all state and political subdivision taxes except sales and use taxes. A bonus received under AS 47.45.010 - 47.45.160 is not exempt from a federal tax requirement.
(b) Bonuses received under AS 47.45.010 - 47.45.160 are exempt from levy to enforce the collection of a debt as provided in AS 09.38 (Alaska Exemptions Act).
Structure Alaska Statutes
Title 47. Welfare, Social Services, and Institutions
Chapter 45. Older Alaskans and Long-term Care Facility Residents
Article 1. Alaska Longevity Bonus.
Sec. 47.45.010. Persons who may qualify for longevity bonus.
Sec. 47.45.020. Continuous eligibility procedures.
Sec. 47.45.030. Absence from the state.
Sec. 47.45.040. Disqualification.
Sec. 47.45.050. Department hearing.
Sec. 47.45.070. Unqualified persons.
Sec. 47.45.080. Accrual of bonuses.
Sec. 47.45.110. Treasurer of system.
Sec. 47.45.120. Exemption from state and local taxation and from debt collection.
Sec. 47.45.122. Eligibility for public assistance.
Sec. 47.45.130. Death or cessation of residency.
Sec. 47.45.140. Penalty for false statements or records.
Sec. 47.45.160. Administrative Procedure Act not applicable.