Alaska Administrative Code › Title 15 - Revenue › Chapter 19 - Multistate Tax Compact › Article 9 - Special Rules: Land Transportation Carriers › 15 AAC 19.1290 - Definitions for 15 AAC 19.1200 - 15 AAC 19.1290

Current through May 31, 2024
In
				  15 AAC 19.1200 -
				  15 AAC 19.1290
(1) "terminal" means any location where goods
				transported are loaded on or unloaded from interstate mobile transportation
				equipment;
(2) "days spent in
				terminals" refers to hours spent in terminals by mobile transportation
				equipment, and is computed by dividing the total number of hours by 24; time
				spent in terminals does not include periods when the interstate mobile
				transportation equipment is (A) not being loaded or unloaded; (B) not in
				service; or (C) idle due to strikes, repairs and maintenance, downshifts, or
				seasonal reduction of service; for purposes of computing "days spent in
				terminals," it is presumed that equal time is spent loading and unloading
				unless the taxpayer provides acceptable evidence to the department which rebuts
				that presumption;
(3) "terminal
				days ratio" is the number of days spent in Alaska terminals divided by the
				total number of days spent in terminals everywhere;
(4) property valuations: owned transportation
				equipment must be valued at its average original cost, and rented
				transportation equipment must be valued at eight times the net annual rental
				rate in accordance with
				AS
				43.19.010, Article IV.11, and
				15 AAC 19.181 and
				15 AAC 19.191;
(5) the "value" of owned real and tangible
				personal property means its original cost (see
				AS
				43.19.010, Article IV.11, and
				15 AAC 19.181);
(6) "original cost" means the federal tax
				base of the property plus the value of capital improvements to such property
				(see 15 AAC 19.181)
(7) "average value" of property means the
				amount determined by averaging the values at the beginning and end of the
				income year, but the commissioner will, in his discretion, require the
				averaging of monthly values during the income year if that averaging is
				necessary to reflect properly the average value of the land transportation
				company's property (see
				AS
				43.19.010, Article IV.12, and
				15 AAC 19.201);
(8) the "value" of rented real and tangible
				personal property means the product of eight times the net annual rental rate
				(see AS
				43.19.010, Article IV.11, and
				15 AAC 19.191);
(9) "net annual rental rate" means the annual
				rental rate paid by the taxpayer less an annual rental rate received by the
				taxpayer from subrentals;
(10)
				"property used during the income year" includes property which is available for
				use in the taxpayer's trade or business during the income year;
(11) "interstate mobile transportation
				equipment" means any automobile, truck, or tractor trailer engaged in
				interstate commerce over an Alaska surface highway system or any railroad
				equipment engaged in interstate commerce over or on an Alaska rail
				line.
In 2012 the revisor of statutes, acting under
					 AS
					 01.05.031, renumbered former AS 43.20.071 as
					 AS
					 43.20.143. As of Register 204 (January 2013),
					 the regulations attorney made a conforming technical revision under
					 AS
					 44.62.125(b)(6), to the
					 authority citation that follows
					 15 AAC 19.1290, so that the
					 citation to former AS 43.20.071(b) now refers to the renumbered statute,
					 AS
					 43.20.143.
Authority:
AS
					 43.05.080
AS 43.19.010
AS
					 43.20.143