15 AAC 165.130 - Calculation of tax
An operator shall calculate the amount subject to tax imposed by AS 43.35.210 by multiplying adjusted gross income from gaming or gambling earned during the entire voyage by the percentage of gaming or gambling hours conducted in waters under the state's jurisdiction. The operator shall calculate the percentage by dividing the total number of gaming or gambling hours while in waters under the state's jurisdiction by the total number of gaming or gambling hours during the entire voyage.
Notes
As of Register 186 (July 2008), the regulations attorney made technical revisions under AS 44.62.125(b)(6), to 15 AAC 165.130 and the authority citation for that section, to reflect the renumbering of statutory authorities, from AS 05.16.010 - 05.16.030 to AS 43.35.200-43.35.220, by the revisor of statutes on May 8, 2008.
Authority:AS 43.05.080
AS 43.35.200
AS 43.35.210
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