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Title 15 . Revenue
Chapter 160 . (Repealed)
Section 460. Pull-tab tax

15 AAC 160.460. Pull-tab tax

(a) The pull-tab tax required under AS 05.15.184 must be collected and paid to the department by the licensed pull-tab distributor that first distributes the pull-tab series to a permittee or an operator on behalf of a permittee.

(b) At the time the licensed pull-tab distributor files the monthly report required under AS 05.15.183 (d), the distributor shall pay to the department the pull-tab tax required under AS 05.15.184 that the distributor collected or should have collected since the date the distributor filed its last monthly report.

(c) The pull-tab tax required by AS 05.15.184 shall be calculated on the ideal net of a pull-tab series, as established by the manufacturer, and exclusive of any additional prize that a permittee or operator may award for the last pull-tab sold in a series. A distributor may not add a prize to a pull-tab series for the last pull-tab sold from that series. Any prize awarded by a permittee or an operator for the last pull-tab sold, that is not included in the prize structure for the game as manufactured, when combined with the prize total for that pull-tab, if any, may not exceed the $500 limit in 15 AAC 160.480(a) (3), and any prize for the last pull-tab sold in a series must be reduced appropriately if the aggregate total would exceed $500.

History: Eff. 7/30/94, Register 131; am 11/10/96, Register 140; am 11/4/2005, Register 176

Authority: AS 05.15.060

AS 05.15.184


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Last modified 7/05/2006