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Large Passenger Vessel Gambling Tax
2014 Annual Report


Large Passenger Vessel Gambling Tax Reports





AS 43.35
DESCRIPTION
Alaska imposes a tax on the adjusted gross income of gambling activities aboard large passenger vessels in the state. Gambling activities include the use of playing cards, dice, roulette wheels, coin-operated instruments or machines, or other objects or instruments used for gaming or gambling, and any other gambling activities aboard large passenger vessels in Alaska. The tax is imposed on the operator of gaming or gambling activities.

RATE
The large passenger vessel gambling tax rate is 33% of the adjusted gross income. Adjusted gross income means gross income less prizes awarded and federal and municipal taxes paid or owed on the income.

RETURNS
Operators of gaming and gambling activities on large passenger vessels file calendar year returns that are due April 15 of the following year.

EXEMPTIONS
There are no exemptions for the LPV gambling tax.

DISPOSITION OF REVENUE
The Division deposits all proceeds from the LPV gambling tax into the Commercial Vessel Passenger (CVP) tax account in the General Fund.

HISTORY
2006 - The LPV gambling tax was enacted by 2006 Primary Election Ballot Measure No. 2. The measure was approved by voters at the primary election of August 26, 2006. The results of the election were certified September 18, 2006 and the initiative’s provisions became effective December 17, 2006.

2010 - The legislature created the “large passenger vessel gaming and gambling tax account” as a subaccount of the CVP tax account and directed all proceeds from the LPV Gambling tax to be deposited in this new account.




Data with additional years.

  Collections Summary

Fiscal Year

2014 2013 2012 2011

   Tax Collections

$6,656,902 $5,983,333 $5,155,954 $5,764,962


  Filing Information

Fiscal Year

2014 2013 2012 2011

   Number of Returns

6 10 9 6

   Number of Taxpayers

6 8 8 5





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