15 AAC 56.005 - Mandatory property statement

(a) Unless the deadline is extended under (c) of this section, a person owning property taxable under AS 43.56 shall file an accurate and complete property statement no later than January 15 of the tax year. The property statement must be in a form prescribed by the department and must list all property that is taxable under AS 43.56. The statement must be signed by the property owner under penalty of perjury and must be filed with the director by personal delivery or mail service or, if authorized in advance by the director, by facsimile transmission or electronic mail.

(b) A property statement under this section is a report or return for purposes of AS 43.05 and 15 AAC 05. Failure of the department to request or secure a property statement under this section does not render an assessment invalid or relieve the property owner from the obligation to file the statement or pay any taxes due.

(c) The director may, on a case by case basis, extend the deadline for filing a property statement if the property owner shows reasonable cause for the extension as provided in 15 AAC 05.200. To request an extension of time to file a property statement, a property owner must file a request for an extension with the department in writing or by electronic mail no later than January 15 of the tax year for which the statement is due, setting out a full statement of the reasons why an extension is necessary. If an extension is granted, the property statement must be filed before the extended period expires.

(d) A property statement under this section is subject to investigation and amendment for three years after the date it was filed. In the case of failure to file a property statement, the property is subject to investigation and assessment at any time.

(e) A property statement is inaccurate or incomplete if it

(1) fails to report all taxable property;

(2) reports property in such a way that the department is unable to determine if all taxable property has been accurately reported;

(3) fails to provide accurate information on the property's age, use, location, or value; or

(4) contains any other error or inaccuracy.

Notes

15 AAC 56.005

Eff. 7/30/82, Register 83; am 1/1/2003, Register 164

Authority:AS 43.05.080

AS 43.05.220

AS 43.05.260

AS 43.56.070

AS 43.56.200