Title 15 . Revenue

Chapter 5 . (Repealed)

Section 310. Payment

15 AAC 05.310. Payment

(a) A payment in an amount less than the amounts prescribed in (b)(1) and (2) of this section may be made by check in the manner prescribed in (c) or in (d) of this section, whichever is applicable, or may be made by wire transfer in the manner prescribed in (e) of this section.

(b) A payment in an amount equal to or greater than the following amounts must be made by wire transfer in the manner prescribed in (e) of this section:

(1) $100,000 if for a return or report required to be filed on a monthly or quarterly basis;

(2) $150,000 if for a return or report required to be filed on a yearly basis;

(c) For payment of a tax under AS 43, except a tax described in (d) of this section, if payment is made by check, the taxpayer must mail the check, together with the required tax return or report, to the following address or to another address designated by the department: Cashier, Department of Revenue, State of Alaska, P.O. Box SA, Juneau, Alaska 99811. A payment made by check or a return not requiring a payment will be considered timely if it is postmarked on or before the day of the month on which it is due.

(d) For payment of a tax under AS 43.55, Oil and Gas Properties Production Tax, AS 43.56, Oil and Gas Exploration, Production and Pipeline Transportation Property Taxes, or AS 43.57, Oil and Gas Regulation and Conservation Tax, if payment is made by check, the taxpayer must mail the check, together with a copy of the summary pages of the tax return or report, to the following address or to another address designated by the department: Cashier, Department of Revenue, State of Alaska, P.O. Box SA, Juneau, Alaska 99811. The taxpayer must mail the required tax return to the Petroleum Revenue Division, Audit Division, Department of Revenue, 550 West 7th Avenue, Suite 570, Anchorage, Alaska 99501. A payment made by check or a return not requiring a payment will be considered timely if it is postmarked on or before the day of the month on which it is due.

(e) A payment by direct-wire transfer must be made through the commercial banking system in accordance with the following procedures:

(1) the taxpayer shall notify the Alaska Department of Revenue, Treasury Division, by Telex (Telex number 099-45-333) of the dollar amount and the type of tax to be paid no later than 9:00 a.m. Pacific Standard or Daylight time (whichever is in effect at Juneau, Alaska) on the day before the wire transfer is to be made;

(2) the taxpayer shall obtain sufficient collected funds to cover the payment and shall instruct the commercial bank holding the funds to initiate the transfer of federal funds in the amount of payment through the Federal Reserve wire transfer system to the credit of the State of Alaska account as designated by the Treasury Division of the Alaska Department of Revenue;

(3) the taxpayer shall make the payment in one lump sum from one bank and shall designate the type of tax payment along with the wire transfer;

(4) a payment made by wire transfer is timely if the taxpayer's commercial bank initiates the transfer of funds through the federal wire-transfer system on the date the payment is due;

(5) the taxpayer must mail the report or return in accordance with (c) or (d) of this section and indicate on the face of the report or return that the tax has been paid by wire transfer.

(f) In this section, "payment" means the total amount due or estimated to be due by the taxpayer under any provision of AS 43, including taxes, interest and penalty, and for the purpose of taxes due under AS 43.55, AS 43.56 and AS 43.57, includes the total amount due for all interests on whose behalf the taxpayer is reporting and paying tax. For example, the $100,000 threshold in (b)(1) of this section is reached if this total figure equals or exceeds $100,000 even though none of the taxes nor the penalty may be $100,000 individually.

(g) This section applies to payments due on or after September 1, 1982.

(h) When the last day for performing any act under any provision of AS 43 falls on a Saturday, Sunday, or a legal holiday, the performance of that act is considered timely if it is performed on the next succeeding day that is not a Saturday, Sunday, or legal holiday. "Legal Holiday" means a legal holiday in the District of Columbia or in this state.

History: Eff. 9/15/82, Register 83; am 6/1/84, Register 91; am 3/9/90, Register 113

Authority: AS 43.05.080

AS 43.05.250

Editor's note: The Department of Revenue's bank wire instructions under 15 AAC 05.310(e) (2) are subject to change. For current instructions, contact the Cash Management Section of the department's Treasury Division by facsimile/telecopy (907-465-4019) or telephone (907-465-2360).