Title 43 — Revenue and Taxation
36 chapters · 668 sections in this title.
AS 43.20.016 Sharing of corporate income tax revenue with municipalities. [Repealed, § 88 ch 74 SLA 1985.]
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[Repealed or reserved.]
AS 43.20.017 Individual tax exemptions. [Repealed, § 10 ch 1 SSSLA 1980.]
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[Repealed or reserved.]
AS 43.20.018 Alaska veterans' memorial endowment fund contribution credit. [Repealed, § 25 ch 46 SLA 2002.]
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[Repealed or reserved.]
AS 43.20.020 Exemptions. [Repealed, § 13 ch 70 SLA 1975.]
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[Repealed or reserved.]
AS 43.20.021 Internal Revenue Code adopted by reference.
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(a) Sections 26 U.S.C. 1 — 1399 and 6001 — 7872 (Internal Revenue Code), as amended, are adopted by reference as a part of this chapter. These portions of the Internal Revenue Code have full force and effect under this chapter unless excepted to or modified by other provisions of…
AS 43.20.030 Returns and payment of taxes.
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(a) If a corporation, or a partnership that has a corporation as a partner, is required to make a return under the provisions of the Internal Revenue Code, it shall file with the department, within 30 days after the federal return is required to be filed, a return setting out (1)…
AS 43.20.031 Deduction of taxes; consolidated returns; accounting methods.
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(a) [Repealed, § 10 ch 1 SSSLA 1980.] (b) [Repealed, § 10 ch 1 SSSLA 1980.] (c) In computing the tax under this chapter, the taxpayer is not entitled to deduct any taxes based on or measured by net income. The taxpayer may deduct the tax levied and paid under AS 43.55. (d) [Repea…
AS 43.20.033 Secs. 43.20.033 , 43.20.035 Taxable income of fiduciaries, nonresidents, and part-year residents. [Repealed, § 10 ch 1 SSSLA 1980.]
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[Repealed or reserved.]
AS 43.20.036 Federal tax deductions and credits.
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(a) For purposes of calculating the income tax payable under this chapter, the taxpayer may not apply as a credit against tax liability the foreign tax credit allowed as to federal taxes under 26 U.S.C. 27 (Internal Revenue Code). (b) For purposes of calculating the income tax pa…
AS 43.20.037 Trade or business energy conservation credit. [Repealed, § 50 ch 83 SLA 1980.]
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[Repealed or reserved.]
AS 43.20.038 Secs. 43.20.038 — 43.20.039. Residential fuel and residential fuel conservation credits. [Repealed, § 10 ch 1 SSSLA 1980.]
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[Repealed or reserved.]
AS 43.20.040 Income from sources in the state.
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(a) In this chapter, income from sources in the state includes (1) income from real or tangible personal property located in the state; (2) income of whatever nature from a business, trade or profession having a business situs in the state and compensation for services rendered i…
AS 43.20.042 Special industrial incentive investment tax credits.
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(a) Subject to (c) of this section, for purposes of calculating eligible taxes the taxpayer may apply as a credit against eligible taxes the following percentage of the investment credit allowed as to federal taxes under 26 U.S.C. 38 (Internal Revenue Code) on only the first $250…
AS 43.20.043 Gas exploration and development tax credit. [Repealed, §§ 2, 5, ch 61 SLA 2003, as amended by § 16 ch 15 SLA 2010.]
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[Repealed or reserved.]
AS 43.20.044 Exploration credits.
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(a) A taxpayer may apply as a credit against the tax levied under this chapter (1) the exploration incentive credit authorized by AS 27.30; (2) an alternative tax credit for oil and gas exploration earned by the taxpayer under AS 43.55.025 for exploration expenditures incurred fo…
AS 43.20.045 Proration of part-year resident and nonresident individual credits. [Repealed, § 10 ch 1 SSSLA 1980.]
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[Repealed or reserved.]
AS 43.20.046 Gas storage facility tax credit.
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(a) A person that is an owner of a gas storage facility described in (b) of this section that commences commercial operation after December 31, 2010, and before January 1, 2016, may apply a refundable credit against a tax liability that may be imposed on the person under this cha…
AS 43.20.047 Liquefied natural gas storage facility tax credit.
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(a) A person that is an owner of a liquefied natural gas storage facility described in (b) of this section that commences commercial operation before January 1, 2020, may apply a refundable credit against a tax liability that may be imposed on the person under this chapter or rec…
AS 43.20.048 Veteran employment tax credit.
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(a) A taxpayer that hires a veteran and employs the veteran in the state is entitled to a credit under this section against the tax due under this chapter. The taxpayer is entitled to the credit for each veteran whose employment qualifies under this section. (b) To qualify as a v…
AS 43.20.049 Qualified oil and gas service industry expenditure credit.
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(a) For a tax year beginning after December 31, 2013, a taxpayer may apply a credit against the tax due under this chapter for a qualified oil and gas service industry expenditure incurred in the state. The total amount of credit a taxpayer may receive in a tax year may not excee…
AS 43.20.050 Taxpayer liable. [Repealed, § 13 ch 70 SLA 1975.]
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[Repealed or reserved.]
AS 43.20.051 [Renumbered as AS 43.20.141.]
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[Repealed or reserved.]
AS 43.20.052 Credit for the in-state manufacture of urea, ammonia, or gas-to-liquid products.
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[Repealed or reserved.]
AS 43.20.053 Qualified in-state oil refinery infrastructure expenditures tax credit.
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(a) A taxpayer that owns an in-state oil refinery whose primary function is the manufacturing and sale of refined petroleum products to third parties in arm's length transactions may apply a credit against the tax due under this chapter for a qualified infrastructure expenditure …
AS 43.20.060 Direct allocation. [Repealed, § 13 ch 70 SLA 1975.]
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[Repealed or reserved.]
AS 43.20.061 Credit for taxes paid another state. [Repealed, § 10 ch 1 SSSLA 1980.]
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[Repealed or reserved.]
AS 43.20.065 [Renumbered as AS 43.20.142.]
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[Repealed or reserved.]
AS 43.20.070 Employees of interstate carriers. [Repealed, § 13 ch 70 SLA 1975.]
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[Repealed or reserved.]
AS 43.20.071 [Renumbered as AS 43.20.143.]
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[Repealed or reserved.]
AS 43.20.072 [Renumbered as AS 43.20.144.]
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[Repealed or reserved.]
AS 43.20.073 [Renumbered as AS 43.20.145.]
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Article 2. Allocation and Apportionment.
AS 43.20.080 Secs. 43.20.080 — 43.20.140. Allocation of nonbusiness income; net rents and royalties; capital gains and losses; interests and dividends; patent and copyright royalties; allocation of business income; apportionment by commissioner. [Repealed, § 13 ch 70 SLA 1975.]
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[Repealed or reserved.]
AS 43.20.141 Income from sources in the state of nonresident partners.
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In determining the source of a nonresident partner's income, effect may not be given to a provision in the partnership agreement that (1) characterizes payments to the partner as being for services or for the use of capital; (2) allocates to the partner, as income or gain from so…
AS 43.20.142 Allocation and apportionment.
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A taxpayer who has income from business activity that is taxable both inside and outside the state or income from other sources both inside and outside the state shall allocate and apportion net income as provided in AS 43.19 (Multistate Tax Compact), or as provided by this chapt…
AS 43.20.143 Transportation carriers.
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(a) All business income of water transportation carriers shall be apportioned to this state in accordance with AS 43.19 (Multistate Tax Compact) as modified by the following: (1) the numerator of the property factor is the sum of the value for property in a fixed location, includ…
AS 43.20.144 Oil and gas producers and pipelines.
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(a) All business income of a taxpayer engaged in the production of oil or gas from a lease or property in this state or engaged in the transportation of oil or gas by pipeline in this state shall be apportioned to this state in accordance with AS 43.19 (Multistate Tax Compact) as…
AS 43.20.145 Affiliated groups.
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(a) A corporation that is a member of an affiliated group shall file a return using the water's edge combined reporting method. A return under this section must include the following corporations if the corporations are part of a unitary business with the filing corporation: (1) …
AS 43.20.146 Public utilities.
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Notwithstanding sec. 2, art. IV, of AS 43.19 (Multistate Tax Compact), and unless otherwise provided under AS 43.20.143 — 43.20.145, a taxpayer that is a public utility shall allocate and apportion income in accordance with the remainder of art. IV of AS 43.19 (Multistate Tax Com…
AS 43.20.150 Definitions. [Repealed, § 45 ch 113 SLA 1980.]
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Article 3. Administration.
AS 43.20.160 Administration.
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(a) The department shall administer this chapter. (b) [Repealed, § 45 ch 113 SLA 1980.] (c) The department shall prescribe and furnish all necessary forms, and adopt and publish all necessary regulations in plain and concise language conformable with this chapter for the assessme…
AS 43.20.170 Collection of income tax at source. [Repealed, § 11 ch 1 SSSLA 1980.]
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[Repealed or reserved.]
AS 43.20.172 Information required of fish processors and buyers. [Repealed, § 16 ch 82 SLA 1982.]
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[Repealed or reserved.]
AS 43.20.173 Collection of income tax at source for fish and fish products. [Repealed, § 1 ch 28 SLA 1965.]
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[Repealed or reserved.]
AS 43.20.180 Credits against tax. [Repealed, § 10 ch 1 SSSLA 1980.]
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[Repealed or reserved.]
AS 43.20.190 Publicity. [Repealed, § 3 ch 166 SLA 1976. For law on disclosure of tax returns and reports, see AS 43.05.230.]
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[Repealed or reserved.]
AS 43.20.200 Review and assessment.
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(a) As soon as practicable after a return is filed, the department may examine it and determine the correct amount of the tax. If an error is disclosed by the examination, the department shall so notify the taxpayer by first-class mail. The taxpayer may petition for redeterminati…
AS 43.20.210 Additional penalty tax. [Repealed, § 3 ch 166 SLA 1976. For civil penalty, see AS 43.05.220.]
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[Repealed or reserved.]
AS 43.20.215 Penalty for late payment of refund. [Repealed, § 10 ch 1 SSSLA 1980.]
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Article 4. Enforcement.
AS 43.20.220 Enforcement. [Repealed, § 45 ch 113 SLA 1980. For current law, see AS 43.10.032.]
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[Repealed or reserved.]
AS 43.20.230 Lien. [Repealed, § 4 ch 94 SLA 1976. For current law, see AS 43.10.035.]
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[Repealed or reserved.]