Section 15.19.141. Property factor in general.

	(a)  The property factor of the apportionment formula for each trade or business of the taxpayer must include all real and tangible personal property owned or rented by the taxpayer and used during the tax period in the regular course of that trade or business. The term "real and tangible personal property" includes land, buildings, machinery, stocks of goods, equipment, and other real and tangible personal property but does not include coin or currency.  
	(b)  Property used in connection with the production of nonbusiness income must be excluded from the property factor. Property used both in the regular course of taxpayer's trade or business and in the production of nonbusiness income must be included in the factor only to the extent the property is used in the regular course of taxpayer's trade or business. The method of determining that portion of the value to be included in the factor will depend upon the facts of each case.  
	(c)  The property factor must include the average value of property includable in the factor. See 15 AAC 19.201.  

Authorities

43.05.080;43.19.010

Notes

Reference

15 AAC 19.031
15 AAC 19.131
15 AAC 19.1320
15 AAC 19.1330
15 AAC 20.610
15 AAC 21.530

Authority

AS 43.05.080 AS 43.19.010

History

Eff. 5/24/78, Register 66