Large Passenger Vessel Gambling Tax
Frequently Asked Questions
Sections:
Large Passenger Vessel FAQs
Who must file a LPV gambling tax return?
What types of gambling activities does the LPV gambling tax apply to?
How is adjusted gross income (AGI) determined?
How is the Alaska adjusted gross income (AGI) from gaming or gambling determined?
What is the tax rate?
When is the tax payment and return due?
How do I get an extension of time to file?
How do I file the tax return?
Who can I contact if I still have questions?
Who must file a LPV gambling tax return? |
All large passenger vessel operators conducting gaming or gambling activities, authorized by federal law, that operates in the marine waters under the jurisdiction of the State of Alaska. If there is no gaming or gambling activity occurring in Alaska waters then a return is not required.
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How is the Alaska adjusted gross income (AGI) from gaming or gambling determined? |
The number gaming or gambling hours occurring in the waters under the jurisdiction of the State of Alaska is divided by the total gaming or gambling hours during the voyage to calculate a percentage of gaming or gambling hours in Alaska. The percentage of gaming or gambling hours in Alaska is then multiplied by the total adjusted gross income from gaming or gambling during the entire voyage to determine the Alaska adjusted gross income from gaming or gambling.
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