Alaska Administrative Code (Last Updated: January 12, 2017) |
Title 15. Revenue. |
Chapter 15.19. Multistate Tax Compact. |
Article 15.19.4. Property Factor. |
Section 15.19.202. Special rules.
Latest version.
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(a) If the subrents taken into account in determining the net annual rental rate under 15 AAC 19.191 produce a negative or clearly inaccurate value for any item of property, another method which will properly reflect the value of rented property may be required by the commissioner of revenue or requested by the taxpayer. In no case, however, may that value be less than an amount which bears the same ratio to the annual rental rate paid by the taxpayer for such property as the fair market value of that portion of the property used by the taxpayer bears to the total fair market value of the rented property. (b) If property owned by others is used by the taxpayer at no charge or rented by the taxpayer for a nominal rate, the net annual rental rate for that property must be determined on the basis of a reasonable market rental rate for that property.
Authorities
43.05.080;43.19.010
Notes
Authority
AS 43.05.080 AS 43.19.010History
Eff. 5/24/78, Register 66; am 3/31/82, Register 81