15 AAC 165.140 - Records retention and inspection

An operator shall preserve in hard copy or in electronic format, all books, records, and any other data used to prepare the tax return. The operator shall retain those materials for three years following the return due date or the date the operator files the return, whichever is later. For each large passenger vessel on which the operator conducted gaming or gambling in waters under the state's jurisdiction, the operator shall prepare and maintain information that includes

(1) the name and call sign of the vessel providing each voyage;

(2) a list of all voyages that the vessel completed during the year;

(3) the names of the ports where each voyage originated and ended;

(4) the beginning and ending date of each voyage;

(5) the total gaming and gambling hours for each voyage;

(6) the total gaming and gambling hours conducted in waters under the state's jurisdiction for each voyage;

(7) the books and records used to calculate the amount of adjusted gross income from gaming or gambling earned on each voyage, including the books and records used to support the amount of adjusted gross income from gaming or gambling reflected in audited financial statements; and

(8) the amount of federal and municipal taxes paid or owed that were deducted in computing the adjusted gross income from gaming and gambling for each voyage.

Notes

15 AAC 165.140

Eff. 4/11/2008, Register 186

As of Register 186 (July 2008), the regulations attorney made technical revisions under AS 44.62.125(b)(6), to the authority citation for 15 AAC 165.140, 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 43.35.210