An Act relating to workers' compensation tax rate and service fees; and relating to electronic service of workers' compensation documents.

Summary

HB 245 revises Alaska statutes to set specific tax percentages that insurers must pay on premiums, including a 4% rate for workers' compensation insurance. It also creates annual service fees—2.9% of employer‑reported payments and 2.5% of insurers’ direct premiums—for the state’s workers’ compensation program. The bill requires electronic payment methods and gives the board authority to adjust these percentages each year.

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