Statutes > Alaska Statutes > Title 47 - WELFARE, SOCIAL SERVICES AND INSTITUTIONS > Chapter 47.45. - OLDER ALASKANS > Article 01 - ALASKA LONGEVITY BONUS > Sec. 47.45.120. - Exemption from state and local taxation and from debt collection.

Sec. 47.45.120. - Exemption from state and local taxation and from debt collection.

(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 (exemptions).