Title 15 . Revenue

Chapter 56 . (Repealed)

Section 50. Credit and refund

15 AAC 56.050. Credit and refund

(a) In accordance with (b) and (c) of this section, a credit against, or refund of, the tax levied by the state under AS 43.56.010 (a) will be allowed in an amount equal to the total current property taxes collected by all municipalities as authorized by AS 29.53.045 . The credit or refund will be applied against the total state tax levied under AS 43.56.010 (a) for each taxpayer. The credit or refund will only be allowed for taxes paid for the current tax year. No carry-back or carry-forward of the credit or refund will be allowed to any other tax year.

(b) Credit for current property taxes paid to municipalities on or before June 30 may be claimed by the taxpayer against the tax levied by the state under AS 43.56.010 (a) at the time the taxpayer pays that tax to the state, but only if the taxpayer remits copies of receipts or other evidence of payment with the claim. In the event that receipts are not received from municipalities in time to be included with the claim for credit filed with the state, the taxpayer may include copies of municipal tax bills, a copy of his transmittal letter to the municipality, and an affidavit of timely mailing of his payment to the municipality as evidence of payment. The taxpayer shall provide receipts for the municipal taxes paid, within 60 days of filing the claim, as final evidence of payment. Credit against the tax levied by the state under AS 43.56.010 (a) will not, at the time that tax is paid to the state, be allowed for current property taxes to be paid to municipalities after June 30.

(c) A refund of tax levied by the state under AS 43.56.010 (a) may be requested by the taxpayer for current property taxes either (1) paid to municipalities after June 30 or (2) paid to municipalities on or before June 30 but for which receipts or other evidence of payment was not available in time to be remitted as required in (b) of this section for a claim for credit. No refund will exceed the total amount paid by the taxpayer for state tax levied under AS 43.56.010 (a).

(d) The provisions of this section apply to the January 1, 1976, assessment roll and any rolls supplemental to it.

History: Eff. 3/1/75, Register 53; am 6/2/76, Register 58; am 7/30/82, Register 83

Authority: AS 29.53.045

AS 29.53.050

AS 29.53.055

AS 43.05.080

AS 43.56.010

AS 43.56.135

AS 43.56.150

AS 43.56.200

Editor's note: An emergency amendment of 15 AAC 05.840 took effect 6/2/76, Register 58. (15 AAC 56.050 appeared as 15 AAC 05.840 before the January 1, 1981 reorganization of 15 AAC.) In reviewing the "permanent' regulation, the regulations attorney made technical corrections to the wording of the section. The technical corrections appeared in the "permanent" regulation as it was published in Register 60. The section's history note does not reflect the corrections made in Register 60 by the regulations attorney.