Section 15.160.270. 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.  

Authorities

05.15.060;05.15.083;05.15.087;05.15.128;05.15.160;05.15.165;44.62.125

Notes

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).

History

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

References

15.160.270