Alaska Administrative Code
Title 15 - Revenue
Chapter 19 - Multistate Tax Compact
Article 11 - Special Rules: Water Transportation Carriers
15 AAC 19.1470 - Recordkeeping

Universal Citation: 15 AK Admin Code 15 AAC 19.1470

Current through February 27, 2024

(a) A taxpayer engaged in Alaska mobile property operations that are subject to AS 43.20.145 shall prepare, maintain, and provide to the department upon request documents necessary to verify the taxpayer's numerators calculated under 15 AAC 19.1420 - 15 AAC 19.1440, and documents necessary to verify the 20 percent United States factor test under AS 43.20.145(a)(1)(A) and (4) and 15 AAC 19.1460, including

(1) calculations and supporting documents for the property, payroll, and sales attributable to each ship owned or operated by the taxpayer or any affiliate of the taxpayer and used in Alaska mobile property operations or international mobile property operations;

(2) the calculation of hours spent in port for each ship owned or operated by the taxpayer or any affiliate of the taxpayer and used in Alaska mobile property operations or international mobile property operations; that calculation shall be prepared in sufficient detail to permit audit verification of the calculation by comparison to entries in the ship's log, and if applicable, to published schedules; and

(3) copies of each ship's log, and if applicable, each ship's published schedule, supporting the calculation of hours spent in port.

(b) An oil and gas taxpayer subject to worldwide apportionment under AS 43.20.144 shall prepare, maintain, and provide to the department upon request documents necessary to verify the taxpayer's numerators calculated under 15 AAC 19.1420 - 15 AAC 19.1440, including

(1) calculations and supporting documents for the property and sales allocations to the taxpayer's Alaska mobile property operations;

(2) the calculation of hours spent in port for each ship engaged in Alaska mobile property operations; that calculation shall be prepared in sufficient detail to permit audit verification of the calculation by comparison to entries in the ship's log; and

(3) copies of each ship's log, supporting the calculation of hours spent in port.

In 2012 the revisor of statutes, acting under AS 01.05.031, renumbered former AS 43.20.071 as AS 43.20.143, former AS 43.20.072 as AS 43.20.144, and former AS 43.20.073 as AS 43.20.145. As of Register 204 (January 2013), the regulations attorney made conforming technical revisions under AS 44.62.125(b)(6), to 15 AAC 19.1470(a) and (b), so that cross-references to former AS 43.20.072 and 43.70.073 now refer to the renumbered statutes, AS 43.20.144 and 43.20.145. In addition, the regulations attorney made conforming technical revisions to the authority citation that follows 15 AAC 19.1470, so that citations to former AS 43.20.071, 43.20.072, and 43.20.073 now refer to the renumbered statutes, AS 43.20.143, 43.20.144, and 43.20.145.

Authority:AS 43.05.040

AS 43.05.080

AS 43.20.143

AS 43.20.144

AS 43.20.145

AS 43.99.010

Disclaimer: These regulations may not be the most recent version. Alaska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.