Alaska Administrative Code — Title 15 (Revenue)

15 AAC 77.025

Requirement to make estimated tax payments

Official textakleg.govlast amended Dec 26, 2014

# (a)

Repealed 12/26/2014.

# (b)

A person who fails to make estimated tax payments in equal installments that total at least 90 percent of the person's tax liability for the year shall pay a penalty computed for each quarter for which a sufficient estimated tax was not paid. The estimated tax penalty is determined by applying the interest rate specified in AS 43.05.225 to the underpayment in each quarter, and runs from the installment payment due date through the payment date or the return due date under AS 43.77.020(a), whichever is earlier.

# (c)

A person is not subject to the estimated tax penalty if the person was subject to tax under
AS 43.77 in the previous year, and makes estimated tax payments in equal installments that equal or exceed the liability of the person for tax under AS 43.77 in the previous tax year.

# (d)

Repealed 11/9/2006.

# (e)

Repealed 11/9/2006.

# (f)

Repealed 12/26/2014.

# (g)

Repealed 12/26/2014.
(Eff. 4/20/94, Register 130; am 11/9/2006, Register 180; am 12/26/2014, Register 212)
Statutory Authority:
Authority:
AS 43.77.020 AS 43.77.070

Amendment history

Eff. 4/20/94, Register 130; am 11/9/2006, Register 180; am 12/26/2014, Register 212

Source: official source document (full AAC Title 15 PDF)

In this chapter (16 sections)

Full table of contents →