Alaska Administrative Code — Title 15 (Revenue)
15 AAC 20.920
Definitions for 15 AAC 20.600 - 15 AAC 20.680
For purposes of 15 AAC 20.600 - 15 AAC 20.680
# (1)
"commercial domicile" means the principal place from which a trade or business is directed or managed;
# (2)
"financial organization" means an organization engaged in monetary, lending, or investment activities, and includes banks, savings and loan associations, credit unions, and trust, safe deposit, small loan, sales finance, investment, credit card, and real estate mortgage companies;
# (3)
"loan" means an extension of credit by financial organization to another person or entity and includes real estate mortgages, collateralized debts, leases that are essentially financing arrangements, personal notes, and credit card borrowings;
# (4)
"receipts" means gross income derived from the taxpayer's business transactions and activities, but does not include
# (A)
money received for custody;
# (B)
principal repayments or amounts received for the purchase of principal;
# (C)
gross proceeds or net proceeds from the sales of assets; and
# (D)
gross receipts from tax-exempt income;
# (5)
"securities" means marketable ownership and creditor interests, including certificates of stock, stock warrants, bonds, government obligations, and any other instrument or interest likely to be accepted for trading on the securities market.
(Eff. 2/17/85, Register 93)
Statutory Authority:
Authority:
AS 43.05.080 Ak Const. AS 43.20.160
AS 43.19.010 AS 43.20.031
Art. IV, § 18, AS 43.20.142
Editor's note:
In 2012 the revisor of statutes, acting under AS 01.05.031, renumbered former AS 43.20.065 as AS
43.20.142.
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 20.920, so that the citation to former AS 43.20.065 now refers to the renumbered statute, AS 43.20.142.
Amendment history
Eff. 2/17/85, Register 93
Source: official source document (full AAC Title 15 PDF)
In this chapter (40 sections)
- 20.335 · Affiliated group
- 20.340 · Worldwide combined reporting
- 20.345 · Water's edge returns
- 20.350 · Intercompany transactions
- 20.355 · Adjustments to intercompany transactions
- 20.360 · Records of intercompany transactions
- 20.375 · Income for the water's edge combined group
- 20.380 · Factors assignable to locations within the United States
- 20.385 · Treatment of foreign dividends and royalties
- 20.390 · Domestic disclosure spreadsheet
- 20.410 · Corporations engaged in oil or gas production or pipeline
- 20.420 · Reporting requirements
- 20.421 · Apportionment of petroleum business income of a taxpayer…
- 20.422 · Transition rule for taxpayers subject to 43.20.144 for…
- 20.430 · Taxable income
- 20.440 · Section 72 business income
- 20.445 · Intangible drilling and development costs
- 20.450 · Federal taxable income
- 20.460 · Attribution of income
- 20.470 · Allocation of general overhead and administrative expense
- 20.480 · Depreciation expense for oil and gas taxpayers
- 20.490 · Apportionment rules for oil and gas taxpayers
- 20.500 · Sales, property and extraction factors
- 20.510 · Records
- 20.520 · Relief
- 20.530 · Gas exploration and development tax credit
- 20.540 · Calculation of tax for taxpayers subject to AS 43.20.144 and…
- 20.550 · 20.550
- 20.560 · General rule
- 20.570 · Expenses; amortization and depreciation
- 20.580 · Net operating losses under AS 43.20 and net losses under AS…
- 20.590 · Short-year return rule
- 20.600 · Financial organization income
- 20.610 · Apportionment factors for financial organizations
- 20.620 · Exempt income and related expenses
- 20.680 · Applicability
- 20.900 · Definitions
- 20.905 · Definitions
- 20.910 · Definitions for 15 AAC 20.410 - 15 AAC 20.590
- 20.920 · Definitions for 15 AAC 20.600 - 15 AAC 20.680