The following rates are applicable to the taxable income of a person subject to the mining license tax: TAXABLE INCOME TAX RATE $40,000 and under . . . . . no taxOver $40,000 and not over $50,000 . . . . . 3 percent of theentire taxable incomeOver $50,000 and not over $100,000 . . . . . $1,500 plus 5 percentof the excess over $50,000Over $100,000 . . . . . $4,000 plus 7 percentof the excess over $100,000.

(Eff. 8/9/86, Register 99)

Authority: AS 43.05.080, AS 43.65.010