Section 15.52.030. Effect of extensions, renewals, or new or supplemental contracts.

In determining whether a lease or rental exceeds a period of 90 consecutive days and is not subject to the tax imposed in AS 43.52.010 and 43.52.030,  
		(1) the initial lease or rental contract must contain a written term exceeding 90 consecutive days;  
		(2) an extension or renewal of, or a new or supplemental contract to, an initial lease or rental contract described in (1) of this section for a period of 90 days or less may be combined with the initial lease or contract if there is not a break in total consecutive days; and  
		(3) a lease or rental contract that contains a term exceeding 90 consecutive days is subject to the tax if that lease or rental contract is closed or completed on or before the 90th day.  

Authorities

43.05.080;43.52.010;43.52.030;43.52.050;43.52.080

Notes

Authority

AS 43.05.080 AS 43.52.010 AS 43.52.030 AS 43.52.050 AS 43.52.080

History

Eff. 1/8/2004, Register 169; am 6/27/2014, Register 210