Alaska Administrative Code

Notes 15 AAC 20.200 As of Register 81 (April 1982), 15 AAC 20.200 has been relocated to 15 AAC 20.900. State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More co…

(a) Upon notification from the film office of the award, under AS 44.33.231-44.33.239 and 3 AAC 188, of a film production tax credit to a producer, and as provided under AS 43.98.030, the department will issue the producer a film production tax credit certificate. (b) To use a fi…

(a) A taxpayer that is not part of a unitary business and that has income from business activity or other sources taxable both inside and outside the state shall allocate and apportion its worldwide net income as provided in AS 43.20.142. (b) A taxpayer that is part of a unitary …

(a) A business is unitary if the entity or entities involved are owned, centrally managed, or controlled, directly or indirectly, under one common direction which can be formal or informal, direct or indirect, or if the operation of the portion of the business done within the sta…

(a) The income, expenses, assets, and apportionment factors of an enterprise involving undivided joint ownership must be attributed to the joint owners of that enterprise on the basis of their respective ownership interests, as may be modified by agreement among those joint owner…

(a) A corporation, except a corporation required to be included in a return under AS 43.20.144, must file a return under AS 43.20.145 using the water's edge combined reporting method if that corporation is a member of an affiliated group as defined in 15 AAC 20.335. (b) A corpora…

(a) For purposes of 15 AAC 20.330 - 15 AAC 20.395, an affiliated group consists of two or more corporations in which 50 percent or more of the voting stock of one or more member corporations in the group is owned, directly or indirectly, by one or more corporate or noncorporate o…

Notes 15 AAC 20.340 Eff. 7/9/93, Register 127; repealed 3/6/98, Register 145 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be …

(a) A water's edge return filed under AS 43.20.145 must separately identify the income and apportionment factors of each corporation included in the return. The corporations included in the return comprise the water's edge combined group. (b) The income and apportionment factors …

(a) Income from intercompany transactions between members of the water's edge combined group shall be eliminated from the water's edge return. (b) Income from transactions between a member of the water's edge combined group and a corporation outside the water's edge combined grou…

(a) The department will, in its discretion, adjust the transfer price of any goods or services transferred to or from a water's edge combined group corporation and an affiliate not in the water's edge combined group as follows: (1) if the transferor corporation had more than 10 p…

An affiliated corporation included in a taxpayer's water's edge return shall maintain records of intercompany transactions. Upon notification by the department of the department's intent to perform an audit of the taxpayer, an affiliated corporation shall make available to the de…

(a) The total water's edge business income of the unitary business subject to apportionment is the federal taxable income of the water's edge combined group as determined under AS 43.20.145(b) and 15 AAC 20.300. (b) Royalties and dividends not excluded from taxable income under A…

In determining a corporation's payroll, property and sales factors in the United States under AS 43.20.145(a)(1) and (4), the following rules apply: (1) the rules for inclusion, value, and attribution of apportionment factors for the water's edge combined group must be determined…

(a) Income from intercompany transactions, including the receipt or payment of dividends and royalties, among members of the water's edge combined group must be eliminated. (b) Dividends and royalties received by members of the water's edge combined group from a corporation incor…

(a) For a return to be complete, a taxpayer shall submit within six months of the date of initial filing of a return under the water's edge reporting method, a copy of all domestic disclosure spreadsheets that included any member of the water's edge combined group filed in other …

(a) A taxpayer doing business in this state, the unitary business of which derives gross income from a production interest in one or more leases or properties in commercial production that are within this state or the transportation of oil or gas or both by means of a regulated p…

Notes 15 AAC 20.420 Eff. 4/14/82, Register 82; repealed 3/6/98, Register 145 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be …

(a) A taxpayer that is subject to AS 43.20.144, the unitary business of which is predominantly a petroleum business, shall apportion all unitary business income determined under AS 43.20.144 to this state using the apportionment factor of the entire unitary business determined un…

For purposes of calculating the estimated tax penalty, Internal Revenue Code section 6655(d)(2) (26 U.S.C. 6655(d)(2)) does not apply for the tax year beginning in calendar year 1998. This section applies to a taxpayer that is subject to AS 43.20.144 for the tax years beginning i…

Notes 15 AAC 20.430 Eff. 4/14/82, Register 82; repealed 3/6/98, Register 145 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be …

Notes 15 AAC 20.440 Eff. 4/14/82, Register 82; repealed 3/6/98, Register 145 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be …

A taxpayer subject to AS 43.20.144 shall capitalize, and depreciate under 15 AAC 20.480, intangible drilling and development costs that are not subject to capitalization and depletion in the determination of federal taxable income as a result of an election under Internal Revenue…

Notes 15 AAC 20.450 Eff. 4/14/82, Register 82; repealed 3/6/98, Register 145 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be …

Notes 15 AAC 20.460 Eff. 4/14/82, Register 82; repealed 3/6/98, Register 145 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be …

Notes 15 AAC 20.470 Eff. 4/14/82, Register 82; repealed 3/6/98, Register 145 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be …

(a) This section applies to taxpayers subject to AS 43.20.144. (b) Except as provided for by 15 AAC 20.421(b) (3), a taxpayer shall report depreciation expense for all unitary corporations using the class life asset depreciation range system as applied under Internal Revenue Code…

The apportionment factor of a taxpayer subject to AS 43.20.144 shall be determined based upon the business activities of the taxpayer's unitary business conducted within this state. Except as limited by 15 AAC 20.421, a taxpayer subject to AS 43.20.144 shall apportion its busines…

(a) The sales factor of a taxpayer subject to AS 43.20.144 is a fraction (1) the numerator of which is the sum of the following for the tax period: (A) the tariffs allowed and received by or for the taxpayer for transporting oil or gas by pipeline in this state, regardless of whe…

The taxpayer shall maintain the records necessary to verify the accuracy of computations under AS 43.20, including but not limited to: depreciable basis, depreciation expense, cumulative intangible drilling and development costs, petroleum business income, other business income, …

If the methods of allocation and apportionment in this chapter do not fairly represent the extent of a corporation's business activity in the state, the corporation may petition for or the department may require, in respect to all or any part of the corporation's business activit…

Notes 15 AAC 20.530 Eff. 3/25/2004, Register 169 ; repealed 9/20/2020,Register 235, October 2020 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparis…

A taxpayer, whose unitary business begins or ceases the oil and gas activities described in AS 43.20.144(a) in a tax year, is subject to both AS 43.20.144 and AS 43.20.145 during the transition year and shall calculate tax for that year as follows: (1) the taxpayer shall determin…

Notes 15 AAC 20.550 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare. No prior versi…

Notes 15 AAC 20.560 Eff. 4/14/82, Register 82; repealed 3/6/98, Register 145 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be …

Notes 15 AAC 20.570 Eff. 4/14/82, Register 82; am 3/17/85, Register 93; repealed 3/6/98, Register 145 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More com…

Notes 15 AAC 20.580 Eff. 4/14/82, Register 82; repealed 3/6/98, Register 145 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be …

Notes 15 AAC 20.590 Eff. 4/14/82, Register 82; repealed 3/6/98, Register 145 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be …

A financial organization that has income from sources both inside and outside the state must apportion the income among the states in which the business is conducted in accordance with the property, payroll, and sales apportionment factors set out in AS 43.19 and in 15 AAC 19 and…

(a) The denominator of the property factor is the average value of all of the taxpayer's real and tangible personal property owned or rented and used during the tax year, as defined in AS 43.19.010 (Art. IV, secs. 10 - 12), 15 AAC 19.141, 15 AAC 19.151, and 15 AAC 19.181 - 15 AAC…

(a) Expenses incurred in acquiring, maintaining, and disposing of tax-exempt assets, including interest expense, may not be deducted in computing taxable income. (b) For a taxpayer that is a member of a group of unitary corporations, "expenses" and "tax-exempt assets" in (a) of t…

15 AAC 20.600 - 15 AAC 20.620 and 15 AAC 20.920 apply to the 1984 taxable year and subsequent years. Notes 15 AAC 20.680 Eff. 2/17/85, Register 93 Authority:AS 43.05.080 AS 43.20.030 AS 43.20.031 State regulations are updated quarterly; we currently have two versions available. B…

(a) In AS 43.20 and this chapter, (1) "combined method of reporting" means an accounting method used to determine the income attributable to activities in the state of a taxpayer that is a member of a group of corporations conducting a unitary business; the use of this method req…

Notes 15 AAC 20.905 Eff. 7/9/93, Register 127; repealed 3/6/98, Register 145 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be …

Notes 15 AAC 20.910 Eff. 4/14/82, Register 82; repealed 3/6/98, Register 145 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be …

For purposes of 15 AAC 20.600 - 15 AAC 20.680 (1) "commercial domicile" means the principal place from which a trade or business is directed or managed; (2) "financial organization" means an organization engaged in monetary, lending, or investment activities, and includes banks, …

Notes 15 AAC 21.001 Eff. 2/22/79, Register 69; am 5/21/81, Register 78; repealed 9/20/2020,Register 235, October 2020 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly r…

Notes 15 AAC 21.003 Eff. 2/22/79, Register 69; am 5/21/81, Register 78; am 3/26/82, Register 81 ; repealed 9/20/2020,Register 235, October 2020 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version…

Notes 15 AAC 21.005 Eff. 2/22/79, Register 69; am 5/21/81, Register 78 ; repealed 9/20/2020,Register 235, October 2020 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly …

Notes 15 AAC 21.010 Eff. 2/22/79, Register 69; am 5/21/81, Register 78; am 3/26/82, Register 81; repealed 9/20/2020,Register 235, October 2020 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version …