Alaska Administrative Code — Title 15 (Revenue)
15 AAC 19.141
Property factor in general
# (a)
The property factor of the apportionment formula for each trade or business of the taxpayer must include all real and tangible personal property owned or rented by the taxpayer and used during the tax period in the regular course of that trade or business. The term "real and tangible personal property" includes land, buildings, machinery, stocks of goods, equipment, and other real and tangible personal property but does not include coin or currency.
# (b)
Property used in connection with the production of nonbusiness income must be excluded from the property factor. Property used both in the regular course of taxpayer's trade or business and in the production of nonbusiness income must be included in the factor only to the extent the property is used in the regular course of taxpayer's trade or business. The method of determining that portion of the value to be included in the factor will depend upon the facts of each case.
# (c)
The property factor must include the average value of property includable in the factor.
See 15 AAC 19.201.
(Eff. 5/24/78, Register 66)
Statutory Authority:
Authority:
AS 43.05.080 AS 43.19.010
Amendment history
Eff. 5/24/78, Register 66
Source: official source document (full AAC Title 15 PDF)
In this chapter (40 sections)
- 19.011 · Business and nonbusiness income defined
- 19.021 · Two or more businesses of a single taxpayer
- 19.031 · Business and nonbusiness income - application of definitions
- 19.041 · Proration of deductions
- 19.061 · Apportionment
- 19.071 · Combined report
- 19.081 · Allocation
- 19.091 · Consistency and uniformity in reporting
- 19.101 · Taxable in another state; in general
- 19.111 · When a taxpayer is "subject to" a tax
- 19.121 · When a state has jurisdiction to subject a taxpayer to a net…
- 19.131 · Apportionment formula
- 19.141 · Property factor in general
- 19.151 · Property used for the production of business income
- 19.161 · Consistency in reporting
- 19.171 · Numerator
- 19.181 · Valuation of owned property
- 19.191 · Valuation of rented property
- 19.201 · Averaging property values
- 19.202 · Special rules
- 19.211 · Payroll factor in general
- 19.221 · Denominator
- 19.231 · Numerator
- 19.241 · Compensation paid in this state
- 19.251 · Sales factor in general
- 19.261 · Denominator
- 19.271 · Numerator
- 19.281 · Sales of tangible personal property in this state
- 19.291 · Sales of tangible personal property to the United States…
- 19.301 · Sales other than sales of tangible personal property in this…
- 19.302 · Special rule
- 19.900 · Definitions
- 19.901 · Business and nonbusiness income defined
- 19.902 · Business and nonbusiness income - application of definitions
- 19.903 · Proration of deductions
- 19.904 · Apportionment and allocation of income generally
- 19.905 · Definition of taxpayer
- 19.906 · Application of AS 43.19.010, Article IV
- 19.907 · Taxable in another state - in general
- 19.908 · Taxable in another state - when a corporation is "subject to"…