Alaska Statutes — Title 43 (Revenue and Taxation)
AS 43.20.040
Income from sources in the state
# (a)
In this chapter, income from sources in the state includes
# (1)
income from real or tangible personal property located in the state;
# (2)
income of whatever nature from a business, trade or profession having a business situs in the state and compensation for services rendered in the state;
# (3)
income from stocks, bonds, notes, bank deposits, and other intangible personal property having a taxable or business situs in the state;
# (4)
rentals and royalties for the use of or for the privilege of using, in the state, patents, copyrights, secret processes and formulas, good will, marks, trade brands, franchises, and other property having a taxable or business situs in the state.
# (b)
In this section, income is from a source having a taxable or business situs in the state if it is derived from
# (1)
owning or operating business facilities or property in the state;
# (2)
conducting business, farming, or fishing operations in the state;
# (3)
[Repealed, § 10 ch 1 SSSLA 1980.]
# (4)
a partnership which transacts business in the state;
# (5)
a corporation which transacts business in the state which has elected to file federal returns under subchapter S of the Internal Revenue Code;
# (6)
[Repealed, § 10 ch 1 SSSLA 1980.]
# (7)
engaging in any other activity from which income is received, realized or derived in the state.
# (c)
The receipt of income derived solely from interest earned on property in the state does not alone establish a taxable or business situs in the state.
Source: official source document (full Title 43 PDF)
In this chapter (40 sections)
- 43.20.010 · Tax on individuals, fiduciaries, and corporations
- 43.20.011 · Tax on corporations
- 43.20.012 · Limitation on application of chapter; credits
- 43.20.013 · Individual tax credits
- 43.20.014 · Income tax education credit. [See delayed repeal note.]
- 43.20.015 · Individual tax credit
- 43.20.016 · Sharing of corporate income tax revenue with municipalities
- 43.20.017 · Individual tax exemptions
- 43.20.018 · Alaska veterans' memorial endowment fund contribution credit
- 43.20.020 · Exemptions
- 43.20.021 · Internal Revenue Code adopted by reference
- 43.20.030 · Returns and payment of taxes
- 43.20.031 · Deduction of taxes; consolidated returns; accounting methods
- 43.20.033 · Taxable income of fiduciaries, nonresidents, and part-year…
- 43.20.036 · Federal tax deductions and credits
- 43.20.037 · Trade or business energy conservation credit
- 43.20.038 · Residential fuel and residential fuel conservation credits
- 43.20.040 · Income from sources in the state
- 43.20.042 · Special industrial incentive investment tax credits
- 43.20.043 · Gas exploration and development tax credit
- 43.20.044 · Exploration credits
- 43.20.045 · Proration of part-year resident and nonresident individual…
- 43.20.046 · Gas storage facility tax credit
- 43.20.047 · Liquefied natural gas storage facility tax credit
- 43.20.048 · Veteran employment tax credit
- 43.20.049 · Qualified oil and gas service industry expenditure credit
- 43.20.050 · Taxpayer liable
- 43.20.051 · 43.20.051
- 43.20.052 · Credit for the in-state manufacture of urea, ammonia, or…
- 43.20.053 · Qualified in-state oil refinery infrastructure expenditures…
- 43.20.060 · Direct allocation
- 43.20.061 · Credit for taxes paid another state
- 43.20.065 · 43.20.065
- 43.20.070 · Employees of interstate carriers
- 43.20.071 · 43.20.071
- 43.20.072 · 43.20.072
- 43.20.073 · 43.20.073
- 43.20.080 · Allocation of nonbusiness income; net rents and royalties;…
- 43.20.141 · Income from sources in the state of nonresident partners
- 43.20.142 · Allocation and apportionment