Title 43 — Revenue and Taxation
36 chapters · 668 sections in this title.
AS 43.56.010 Levy of tax.
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(a) An annual tax of 20 mills is levied each tax year beginning January 1, 1974, on the full and true value of taxable property taxable under this chapter. (b) A municipality may levy and collect a tax under AS 29.45.080 at the rate of taxation that applies to other property taxe…
AS 43.56.018 Property tax education credit. [See delayed repeal note.]
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(a) The owner of property taxable under this chapter is allowed a credit against the tax due under this chapter for (1) contributions of cash or equipment accepted for direct instruction, research, and educational support purposes, including library and museum acquisitions, and c…
AS 43.56.019 Alaska veterans' memorial endowment fund contribution credit. [Repealed, § 25 ch 46 SLA 2002.]
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[Repealed or reserved.]
AS 43.56.020 Exemptions.
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(a) The following are exempt from local taxes levied or authorized under AS 43.56.010(b): (1) property rights attached to or inherent in the right to explore for or produce oil or gas; (2) oil or gas leases or properties, whether producing or not; (3) oil or gas in place; (4) oil…
AS 43.56.030 In place of other taxes.
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Except for those taxes imposed under AS 43.55, the taxes levied or authorized under AS 43.56.010(b) are in place of (1) all other ad valorem taxes or other taxes imposed by a municipality on property subject to tax under this chapter or exempted from taxation by AS 43.56.020; and…
AS 43.56.040 State Assessment Review Board.
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The State Assessment Review Board is created within the department. The board consists of five persons appointed by the governor to serve at the pleasure of the governor, each of whom must be knowledgeable of assessment procedures. Each board member is subject to confirmation by …
AS 43.56.050 Per diem and expenses.
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Members of the board shall receive per diem and expenses authorized by law for boards and commissions.
AS 43.56.060 Assessment.
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(a) The department shall assess property for the tax levied under AS 43.56.010(b) and AS 29.45.080 on property used or committed by contract or other agreement for use for the pipeline transportation of gas or unrefined oil or for the production of gas or unrefined oil at its ful…
AS 43.56.070 Returns.
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(a) The department may require by notice every person having ownership or control of an interest in property taxable under this chapter to submit a return in the form prescribed by the department, based on property values existing on January 1 of each year, except as otherwise pr…
AS 43.56.080 Investigation.
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(a) The department may make an investigation of property on which a return has been filed or of taxable property upon which no return has been filed. In either case, the department may make its own valuation of the taxable property, which is prima facie evidence of full and true …
AS 43.56.090 Assessment roll.
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The department shall prepare annually the assessment roll for taxation under this chapter. The roll must contain: (1) a description of all taxable property; (2) the assessed value of all taxable property; (3) the names and addresses of persons owning property subject to assessmen…
AS 43.56.100 Assessment notice.
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(a) On or before March 1 of each year, the department shall send to every owner of taxable property named in the assessment roll a notice of assessment, showing the assessed value of the property. Notice of assessment is effective on the date of mailing. (b) The department shall …
AS 43.56.110 Appeal to the department.
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(a) An owner of taxable property or a municipality receiving an assessment notice may object to the assessment by advising the department in writing of the objections to the assessment within 20 days of the effective date of the notice. (b) The department shall provide by regulat…
AS 43.56.120 Appeal to the board.
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(a) After a ruling by the department on an appeal made under AS 43.56.110, the owner or a municipality may further appeal to the board. The appeal must be filed in writing within 50 days of the effective date of the notice of assessment. (b) The board shall provide by regulation …
AS 43.56.130 Hearings of the board.
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(a) The board shall hear appeals filed under AS 43.56.120(a). (b) A majority of the board constitutes a quorum required to transact business. (c) The board shall provide by regulation for notices of hearings to interested persons and municipalities. (d) If an appellant fails to a…
AS 43.56.135 Certification.
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No later than June 1 of each year, the department shall certify the final assessment roll and mail to the owner of the taxable property or an authorized agent a statement of the amount of tax due.
AS 43.56.140 Supplementary assessment rolls.
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The department shall include property omitted from the assessment roll on a supplementary roll, using the procedures set out in this chapter for the original roll.
AS 43.56.150 Collection and deposit.
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(a) The tax levied by AS 43.56.010(a) is payable to the department on or before June 30 of the taxable year. (b) The department may provide for voluntary prepayment and for payment by installments. (c) The tax levied under AS 43.56.010(a), interest and penalties collected with re…
AS 43.56.160 Interest and penalty.
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When the tax levied by AS 43.56.010(a) becomes delinquent, a penalty of 10 percent shall be added. Before January 1, 2014, interest on the delinquent taxes, exclusive of penalty, shall be assessed at a rate of eight percent a year. On and after January 1, 2014, interest on the de…
AS 43.56.170 Lien for tax. [Repealed, § 4 ch 84 SLA 1976. For current law, see AS 43.10.035.]
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[Repealed or reserved.]
AS 43.56.180 Remedy.
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The remedy of distraint of property set out in AS 43.20.270 applies to the tax levied by AS 43.56.010(a). However, only property subject to the tax may be distrained.
AS 43.56.190 Penalties. [Repealed, § 46 ch 113 SLA 1980. For current law, see AS 43.05.290.]
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[Repealed or reserved.]
AS 43.56.200 Regulations.
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The board and the department may adopt regulations under AS 44.62 (Administrative Procedure Act) as appropriate to carry out their respective duties under this chapter.
AS 43.56.210 Definitions.
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In this chapter, (1) “board” means State Assessment Review Board; (2) “construction commencement date” means the earlier of April 1, 1974 or the date the following occur: (A) there has been issued to the owner or an agent of the owner right-of-way permits, leases, and title and o…