Instructions For Alaska Electric Cooperative Gross Revenue Tax Return

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Instructions for Alaska Electric Cooperative Gross
Revenue Tax Return
Taxation of Cooperatives (AS 10.25.540)
Where to Mail Return and Payment
Cooperatives under this chapter shall apply for a
TAX DIVISION
business license and pay the initial license fee as
ALASKA DEPARTMENT OF REVENUE
provided by the Alaska Business License Act, as
PO BOX 110420
amended. Before March 1 of each year, each electric
JUNEAU AK 99811-0420
cooperative shall pay to the state, instead of state
and local ad valorem, income and excise taxes which
Questions?
may be assessed or levied, a percentage of its gross
If you have questions regarding this form, please
revenue earned during the preceding calendar year.
contact the Tax Division at (907) 465-3376.
Amount
of
Electric
Cooperative
Gross
Revenue Tax (AS 10.25.555)
The electric cooperative gross revenue tax shall be
computed as follows:
1. one-fourth mill per kilowatt hour for cooperatives
which have furnished electric energy and power to
consumers for less than five years as of December
31 of the preceding calendar year.
2. one-half mill per kilowatt hour for cooperatives
which have furnished electric energy and power to
consumers for five years or longer as of December
31 of the preceding calendar year.
Note: In this section, “mill” means one-tenth of one
cent.
Refund to Local Governments (AS 10.25.570)
The proceeds of the electric cooperative gross revenue
tax, less the amount expended by the state in its
collection, shall be refunded to an organized borough
or city of any class incorporated under state law, in
the proportion that the revenue was earned within the
city or borough area outside the city. Taxes collected
on the sale of electricity by an electric cooperative
outside a city or organized borough shall be retained
by the state and deposited into its general fund.
Checks -- Make checks payable to the State of
Note that if your total payment exceeds
Alaska.
$150,000.00, you are required to pay electronically or
by wire transfer.
0405-056i Rev 01/13

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