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Large Passenger Vessel Gambling Tax

Frequently Asked Questions





Sections:
  • Large Passenger Vessel FAQs

    •

    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.

  • What types of gambling activities does the LPV gambling tax apply to?

    • Playing cards, dice, roulette wheels, coin-operated instruments or machines, or objects or instruments used, designated, or intended for gaming or gambling on any large passenger vessel in the marine waters under the jurisdiction of the State of Alaska.

  • How is adjusted gross income (AGI) determined?

    • AGI is the difference between gaming wins and loses before deducting expenses as computed under the United States generally accepted accounting principles

  • 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.

  • What is the tax rate?

    • The tax rate is 33% of the Alaska adjusted gross income.

  • When is the tax payment and return due?

    • The annual return and tax is due on or before April 15 of the following calendar year.

  • How do I get an extension of time to file?

    • If an extension is needed an operator must file an application for an automatic six month extension of time to file (form 0405-225) on or before April 15. An extension of time to file is not an extension of time to pay. Please click the following link to be directed to the Application for Extension: (http://tax.alaska.gov/programs/programs/forms/index.aspx?25000>)

  • How do I file the tax return?

    • Tax returns must be filed electronically using Revenue Online (https://online-tax.alaska.gov).

  • Who can I contact if I still have questions?

    • If you have additional questions regarding the LPV gambling tax, please contact:

    Alaska Department of Revenue Tax Division
    Phone 907-269-6620
    Fax 907-269-6644
    Email dor.tax.lpv@alaska.gov