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Title 15 . Revenue
Chapter 160 . (Repealed)
Section 270. Operator payment to permittee

15 AAC 160.270. Operator payment to permittee

(a) An operator shall pay annually to an authorizing permittee at least

(1) 30 percent of the adjusted gross income, as determined under AS 05.15.128 (a)(1), from pull-tab activity conducted on behalf of the authorizing permittee; and

(2) 10 percent of the adjusted gross income, as determined under AS 05.15.128 (a)(1), from a gaming activity other than pull-tab activity conducted on behalf of the authorizing permittee.

(b) In determining the amount of the payments required under (a) of this section, net income or losses from one gaming activity conducted by an operator on behalf of a permittee may not be combined with a net income or losses from another gaming activity.

(c) In determining gross income, adjusted gross income, or net proceeds under AS 05.15 and this chapter, losses from bad checks, uncollectible debts, or employee theft or fraud may not be charged by the operator to activities conducted under AS 05.15 and this chapter to calculate payment due a permittee.

History: Eff. 7/30/94, Register 131; am 11/10/96, Register 140

Authority: AS 05.15.060

AS 05.15.083

AS 05.15.087

AS 05.15.128

AS 05.15.160

AS 05.15.165

Editor's note: As of Register 165 (April 2003), the regulations attorney made a technical revision under AS 44.62.125 (b)(6), to 15 AAC 160.270(c) .

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Last modified 7/05/2006