15 AAC 19.1320. Apportionment formula; percentage of completion method

The apportionment formula for a taxpayer reporting income under the percentage of completion method is a fraction

(1) the numerator of which is the sum of

(A) the property factor as defined in AS 43.19.010 , Article IV.10 - .12, and 15 AAC 19.141 - 15 AAC 19.202;

(B) the payroll factor as defined in AS 43.19.010 , Article IV.13 - .14 and 15 AAC 19.211 - 15 AAC 19.241, except that compensation paid to an employee who performs construction contractor services is attributable to this state if the compensation is actually earned in the state, without regard to base of operations, residence of the employee, or place from which the service is controlled; and

(C) the sales factor as defined in AS 43.19.010 , Article IV.15 - .17, and 15 AAC 19.251 - 15 AAC 19.302, except that gross revenues derived from the performance of contracts are attributable to this state if the construction projects are located in this state; and

(2) the denominator of which is three.

History: Eff. 1/12/83, Register 85; am 9/26/84, Register 91

Authority: AS 43.05.080

AS 43.19.010

AS 43.20.065

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