15 AAC 10.060. Tax liability security requirement not met

If, at any time, the taxpayer's interest in real property, the amount of tax liability bonds posted, the amount of cash deposited, or the amount of other approved security posted with the department is less than the total annual required security for all of the years for which an affidavit is or was required, that are not years closed by the applicable period of limitation on assessment or collection of tax, the department will, in its discretion, apply any or all money received during the current year from the taxpayer or for the taxpayer's benefit toward the required security until the total cash deposit equals the required security.

History: Eff. 6/21/78, Register 66; am 5/16/81, Register 78

Authority: AS 43.05.080

AS 43.10.160

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