15 AAC 65.030 - Returns
(a) Except as provided in (c) of this
section, each license holder, including a license holder temporarily exempt
from taxation under
AS
43.65.010(a), shall file a
mining license return on a form provided by the department. A person receiving
gross income from more than one licensed mining property shall report that
income on a single return.
(b) For
each person required to file a return, the mining license tax year is the same
as that person's tax year for federal income tax purposes. The mining license
return must be filed before the first day of the fifth month following the end
of the applicable tax period.
(c)
Each joint venture member which was elected not to be treated as a partnership
for purposes of sec. 761 of the Internal Revenue Code
26 U.S.C.
761 may include its share of joint venture
income and expenses on its separate mining license return.
Notes
Authority:AS 43.05.080
AS 43.65.020
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