Al license fee as provided by the Alaska Business License Act, as amended. Before March 1 of each year, each electric cooperative shall pay to the state, instead of state and local ad valorem, income and excise taxes which may be assessed or levied, a percentage of its gross revenue earned during the preceding calendar year. Amount of Electric Cooperative Revenue Tax (AS 10.25.555) Where to Mail Return and Payment TAX DIVISION ALASKA DEPARTMENT OF REVENUE PO BOX 110420 JUNEAU AK 99811.
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How to fill out the AK 0405-056i online
Filling out the AK 0405-056i form is essential for electric cooperatives to report their gross revenue tax. This guide provides a clear and user-friendly approach to completing the form online, ensuring that users can easily navigate the required sections.
Follow the steps to complete the form correctly.
- Press the ‘Get Form’ button to acquire the AK 0405-056i form and open it for editing.
- Begin by entering the cooperative's name, address, and business license number in the appropriate fields. Ensure that all information is accurate and matches official documents.
- Calculate the gross revenue tax by determining the total kilowatt hours sold during the previous calendar year. Based on this, apply the corresponding tax rate: one-fourth mill for cooperatives with fewer than five years of service, or one-half mill for those with five years or more.
- Complete the section regarding refund allocations if applicable. This involves detailing how much revenue was earned within specific boroughs or cities in order to calculate any refunds due to them.
- Review all the entered information to ensure accuracy. Correct any discrepancies before proceeding to submit the form.
- Once completed, you can save the changes to the form, download a copy for your records, print it, or share it as necessary.
Complete your form online now to ensure timely submission and compliance.
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