8 AAC 85.430. Waiver of security requirement on delinquent employer accounts

A delinquent employer who timely petitions for review of a notice of assessment under AS 23.20.220 is entitled to a waiver of the security requirement if

(1) the petition includes a request for waiver of the security requirement and a sworn statement which gives the location and value of the employer's real property and the terms of any liens or other encumbrances upon the property;

(2) the total value of the unencumbered real property is equal to or greater than the amount of the assessment; and

(3) the department concludes that the contributions, interest, and penalties assessed are not in jeopardy.

History: Eff. 3/27/82, Register 81

Authority: AS 23.20.045

AS 23.20.220

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