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Can you summarize 15 AKAC 165.140?
Tax on Gaming or Gambling Activities Aboard Large Passenger Vessels > Records retention and inspection.
Short Summary
This legal document governs the records retention and inspection requirements for operators of large passenger vessels conducting gaming or gambling activities in waters under the state’s jurisdiction. Operators are required to preserve all books, records, and data used to prepare the tax return for a period of three years following the return due date or the date of filing, whichever is later. Additionally, operators must maintain specific information for each large passenger vessel, including the vessel’s name, call sign, list of completed voyages, ports of origin and end, voyage dates, total gaming and gambling hours, gaming and gambling hours in state waters, books and records used to calculate adjusted gross income, and federal and municipal taxes paid or owed. The statutory authority for this document is AS 43.05.080 and AS 43.35.210.
Whom does it apply to?
Operators of large passenger vessels conducting gaming or gambling in waters under the state's jurisdiction
What does it govern?
Records retention and inspection for tax on gaming or gambling activities aboard large passenger vessels
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Alaska