2 AAC 50.685 - Reporting sources of income and gifts

(a) In a disclosure statement required by AS 24.60.200 or AS 39.50.020, a legislative branch filer, public official, or candidate shall report the applicable information required in AS 39.50.030(b)(1) for all amounts greater than $1,000 received as

(1) compensation or benefits received from an employer, including a nonprofit entity, and a government employer; compensation or benefits include wages, salary, commissions, tips, bonuses, housing, and use of an automobile;

(2) dividends, interest, and other distributions of earnings from a business or investment;

(3) self-employment income as provided in 2 AAC 50.700;

(4) rental income as provided in 2 AAC 50.725; and

(5) any other income, including proceeds of a sale of goods or property, capital gains, pensions, retirement account cash-outs, government entitlements, alimony or child support payments, honoraria, and payments not otherwise accounted for.

(b) In a disclosure statement required by AS 39.50.020, a public official or candidate shall report the applicable information required in AS 39.50.030(b)(1) for any gift with a fair market value greater than $250, and for all gifts from a single source with a cumulative value greater than $250. A public official or candidate is not required to report an item received without consideration from a family member, a parent, nondependent child, sibling, grandparent, aunt, uncle, niece, or nephew. The requirements of this subsection do not apply to a legislative branch filer. However, nothing in this section relieves a legislative branch filer from a reporting requirement or limitation on acceptance of gifts in any other provision of law.

(c) The amount of any income more than $1,000 that must be reported, or the value of a gift more than $250 that must be reported, may be stated in a range rather than as an exact amount. The ranges to be used for this purpose are the following:

(1) more than $250 and no more than $1,000, for gifts only;

(2) more than $1,000 and no more than $2,000;

(3) more than $2,000 and no more than $5,000;

(4) more than $5,000 and no more than $10,000;

(5) more than $10,000 and no more than $20,000;

(6) more than $20,000 and no more than $50,000;

(7) more than $50,000 and no more than $100,000;

(8) more than $100,000 and no more than $200,000;

(9) more than $200,000 and no more than $500,000;

(10) more than $500,000 and no more than $1,000,000;

(11) more than $1,000,000.

Notes

2 AAC 50.685

Eff. 12/22/2011, Register 200

Authority:AS 15.13.030

AS 24.60.200

AS 24.60.220

AS 39.50.020

AS 39.50.030

AS 39.50.050