Enlarge image | Send completed application and deposit payment, if applicable, to: CITY AND BOROUGH OF SITKA City and Borough of Sitka Finance Department - Sales Tax BUSINESS REGISTRATION APPLICATION 100 Lincoln Street Sitka, Alaska 99835 Deposit Required to Open the Following Accounts: Via email: tax@cityofsitka.org $100.00 Taxi Call 907-747-1818 to make deposit $50.00 Itinerant (plus daily fee) payment. Is this a: ( ) New Business ( ) Re-Opening ( ) Change in Ownership *See Page 2* Business Name: Line of Business: Business Identification Alaska Business License Number: EIN/Social Security Number (please do not email SSN): Mailing Address: City: State: Zip: Contact Name and Title: Contact Information Phone Number: Email Address: We only have the option to either mail or email returns. We cannot do both. Please let us know if you would like a mailed or emailed copy of your return: Physical Address in Sitka where business is based or occurring: Specifics Nature of Business: Start Date of Business Activity in Sitka (Itinerants: Provide End Date): Continued on next page. Applicants must complete both pages. CBS USE ONLY Sales Tax Account Number: Date: SIC: Reviewed By: Taxi/Itinerant Deposit: Itinerant Fee $2/day (min $6) or $25/year (100-300-320-3201-007): Planning Department Clearance Zone: Date: Approved By: Assessing Department Copy Date: Submitted By: 1 |
Enlarge image | Individual information is required for ALL owners of the business. Full Legal Name: Mailing Address: Physical Address: Primary Phone Number: Secondary Phone Number: Owner Information Social Security Number OR Driver’s License Number/State: Office/Title: Date of Birth: Full Legal Name: Mailing Address: Physical Address: Primary Phone Number: Secondary Phone Number: Owner Information Social Security Number OR Driver’s License Number/State: Office/Title: Date of Birth: Full Legal Name: Mailing Address: Physical Address: Primary Phone Number: Secondary Phone Number: Owner Information Social Security Number OR Driver’s License Number/State: Office/Title: Date of Birth: Name: Phone Number: Address: Previous Owner Information I attest that to the best of my knowledge, that the information provided is true and correct. _______________________________________________________ _____________________ Signature Date ________________________________________________________ Printed Name 2 |
Enlarge image | Corporation Personal Guaranty Sitka General Code 4.25.330(d) requires “the corporate officers, directors, or shareholders of a corporation to provide a personal guaranty and assumption of liability for the payment of the tax due under this chapter.” This form must be attached to the business registration when applying. Corporation Name: Doing Business as: (if applicable) Alaska Business License #: EIN: Officer/director/shareholder information: (As listed on back of registration in the owner information area) Name: Mailing Address: City, State, Zip: Physical Address: City, State, Zip: Work Phone #: Cell Phone #: Office/Title: I understand that I am providing a personal guaranty and am assuming liability for the payment of any sales tax incurred by the above-named corporation. Signature Date *************************************************************************************** FOR OFFICE USE ONLY Sales Tax Acct. #: Date: Received by: 3 |
Enlarge image | General Information on the Collection and Filing of Sales Tax Business Registration - A city business registration form is required of anyone engaging in business or has a rental in the City and Borough of Sitka. A deposit of $100.00 is required for all taxi accounts and $50.00 for itinerant accounts. For non-resident business or itinerant business, please see the section below “Itinerant Business. ” Sales Tax Rates (subject to change) –All sales, rentals and services provided during the months of: ▪ October, November, December, January, February, and March are taxed at 5%. ▪ April, May, June, July, August, and September are taxed at 6%. Itinerant Businesses –Itinerant businesses are all persons temporarily engaging in the sale of any goods and services. Itinerant businesses are required to register and remit tax in full prior to leaving the City and Borough, or within 24 hours after expiration of their license. There is a fee of $2.00 per day ($6.00 minimum) or $25.00 per year maximum. To apply for an Itinerant License, see online for more information (SGC 6.05.010-120 & SCG 4.25.270.A4) Long Term Residential and Commercial Rent - Residential Long-Term Rent paid for thirty (30) consecutive days or more, or an entire calendar month is exempt from sales tax. Other long-term rentals, including commercial property, trailer space and lot fees, rented for thirty (30) or more consecutive days or an entire calendar month by a single person or persons of a room, set of rooms, structure or suite such as trailer spaces, is tax year-round at a rate of 5%. Short Term Residential and Commercial Rent –Transient Room Tax (Bed Tax) is 6% year-round for short term rentals (less than 30 consecutive days). This tax shall be in addition to the general sales tax of the municipality and is required to file quarterly returns. See Sales Tax Rates above. Filing a Return –Each person engaged in business or non-casual sales in the City and Borough of Sitka is subject to taxation under Section 4.25.010 and shall file a return. Important Note: Returns must be filed even if there are no sales made in that particular quarter. Returns are mailed or emailed to you prior to the filing deadline. If you do not receive a return by quarter end dates (listed below), it is your responsibility to obtain one. Forms are available online at www.cityofsitka.com/collectingandfilingsalestax or from the tax office, located at 100 Lincoln Street, 1 stFloor Finance. Tax is charged on the first $12,000 of a single sale or billing unit. Quarterly Return and Due Dates: Q1 Ending March 31 st Due April 30 th Q2 Ending June 30 th Due July 31 st Q3 Ending September 30 th Due October 31 st Q4 Ending December 31 st Due January 31 st ***Late fees, penalties, and interest are charged on all late returns. Returns become delinquent one month following the end of the quarter. Seethe section “Late Fees, Penalties, and Interest ” for more information. *** ➢ Discounts for Quarterly Filers - Monthly tax payments are encouraged and are available for all businesses that meet the following guidelines. A 3% discount (up to $100.00) will be available when a business files their quarterly returns, and only for those business whose accounts are current and make on-time consecutive monthly payments by the 15 thof each month. Quarterly returns are still required to be filed (showing revenue for all three months). If your business made no sales, a quarterly return is still required. ➢ Yearly –The yearly sales tax return is due January 31 stor each year, for the prior year’s revenue. To qualify for a Yearly Filing Returns o Business must be current on their sales tax filings, o File on-time quarterly returns, for a calendar year, o The total amount collected and remitted to the City and Borough of Sitka is two hundred dollars ($200.00) or less. SGC 4.25.270.A3 o Applicant must request this option by filling out a Yearly Filer Request Form. 4 |
Enlarge image | Exemptions - The following sales are exempt from taxation per SGC 4.25.100: ▪ Wholesalers who do not wish to pay sales tax must have completed an annual Resale Exemption Application and be current with their sales tax. The card must be presented to the retailer and the item wishing to be tax exempt must fall under the category listed on the card in order to qualify for tax exemption. The business not charging tax must maintain this number in their records to justify their exemptions on the sales tax return. ▪ Government agencies are tax exempt. ▪ Non-profit organizations that derive 50% or more of their gross revenue from local, state, or federal government sources are exempt if they complete the exemption application, and it is approved by the City & Borough of Sitka. ▪ Tax Cap Exemption is only to be charged on the first $12,000.00 of a single sale or billing units, (i.e., if you sold an appliance for $14,100.00, you would only charge tax on the first $12,000.00). SGC 4.25.100(n) ▪ Other exemptions are available. See SGC 4.25.100 Exemptions. Late Fees, Penalties, and Interest - Late fees, penalties, and interest are charged on all late returns. Returns become delinquent one month following the end of the quarter. See quarterly due dates above. o Late filing fees are charged at a minimum of $15.00 increasing to a maximum of $100.00. o Penalty is charged at 5% of delinquent tax per month up to 25%. o Interest is charged at 12% of delinquent tax per annum. Months Late Late Filing Fee Penalty Interest**Calculation below 1 $ 15.00 5% 12% per annum 2 $ 40.00 10% 12% per annum 3 $ 65.00 15% 12% per annum 4 $ 90.00 20% 12% per annum 5 $ 100.00 25% 12% per annum **Interest calculation: Tax Due * .12 * (# of days late/365) Filing Instructions - For filing instructions, see the back side of your blue quarterly return. Returns are mailed or emailed to you for completion by no later than the last day of the quarter. If you do not receive a return by March 31st, June 30th, th st September 30 , or December 31 , it is your responsibility to obtain one from the city offices or online at www.cityofsitka.com/collectingandfilingsalestax Change in Ownership or Closing your Business - A final return must be filed for a business that has sold or has closed permanently within 10 days of closing the business. o On the front side of return, mark the box“CLOSED: Permanently or Sold .” o Update mailing address: if you have a deposit on file, we will use the address on file to mail the deposit back. o Back side of return: Fill in the new owner’s information. o A final return must be submitted no later than 10 days after selling the business. If you are just closing the account, you may wait until the end of the quarter to file your return. Additional Taxes and Fess ➢ Cigarette & Tobacco Products Excise Tax = $.1392 per cigarette (changes annually)/90% of the wholesale price on Tobacco Products ➢ Fish Box Tax = $10.00 per box ➢ Drivers Facility Charge = 4% on rentals of motorized passenger vehicles. Contact your sales tax office about licensing and forms for remitting these additional taxes and fees. Need More Information? Visit us Online. www.cityofsitka.com Call: 907-747-1840 Email: tax@cityofsitka.org 5 |
Enlarge image | City and Borough of Sitka PROVIDING FOR TODAY…PREPARING FOR TOMORROW A Coast Guard City SALES TAX EXEMPTION LOG Per Sitka General Code 4.25, ALL sales tax exemptions are subject to audit. Any misuse is a violation punishable by a fine of not more than $300.00. Additionally, the court may order the return of the exemption card or certificate. All exempt sales must have an accompanied tax-exempt number. Wholesale: must be for a readily identifiable product being directly resold by a registered business. Senior: PERSONAL USE ONLY – no family (except spouse), friends, or business use allowed. Amount of Sales Name Exempt # Senior Wholesale Government Gov. Supported Customer Name 5555 $60.00 Vendor Name (Resale) W21-1231 $200.00 6 |
Enlarge image | City and Borough of Sitka PROVIDING FOR TODAY…PREPARING FOR TOMORROW A Coast Guard City SALES/BED TAX MONTHLY PAYMENT FORMS To take 3% collection discount at the end of the quarter (maximum of $100.00 discount allowed), you must pay sales and bed tax monthly. The amount to be paid for the first two months of the quarter is to be the estimated tax collected during the month, but not less than one third of the total tax paid during the previous quarter, or during the same quarter of the previous year. Payments must be received each month to be eligible to receive the discount. Tax collected during: Must be paid by: Include with payment: January February 15 th Copy of monthly payment form February March 15 th Copy of monthly payment form March April 30 th Blue Quarterly tax return April May 15 th Copy of monthly payment form May June 15 th Copy of monthly payment form June July 31 st Blue Quarterly tax return July August 15 th Copy of monthly payment form August September 15 th Copy of monthly payment form September October 31 st Blue Quarterly tax return October November 15 th Copy of monthly payment form November December 15 th Copy of monthly payment form December January 31 st Blue Quarterly tax return --------------------------------------------------------------------------------------------------------------------------------------------------- CITY AND BOROUGH OF SITKA MONTHLY SALES/BED TAX PAYMENT Office Use Only Tax collected during the month of * February 2021 Received Month & Year Check Cash * 01-00001 Sales Tax: $ 100.00 Account Number * The Cookie Shop Bed Tax: $ Name of Business * John Smith * 907-555-5555 Total Tax Remitted: $ 100.00 Contact person Contact phone number *REQUIRED FIELDS* Mail to: City & Borough of Sitka, 100 Lincoln St, Sitka, AK 99835 --------------------------------------------------------------------------------------------------------------------------------------------------- CITY AND BOROUGH OF SITKA MONTHLY SALES/BED TAX PAYMENT Office Use Only Tax collected during the month of * Received Month & Year Check Cash * Sales Tax: $ Account Number * Bed Tax: $ Name of Business * * Total Tax Remitted: $ Contact person Contact phone number *REQUIRED FIELDS* Mail to: City & Borough of Sitka, 100 Lincoln St, Sitka, AK 99835 7 |
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Enlarge image | Send completed application to: CITY AND BOROUGH OF SITKA City and Borough of Sitka Finance Department - Sales Tax 100 Lincoln Street Sitka, Alaska 99835 RESALE EXEMPTION Via email: tax@cityofsitka.org APPLICATION – NO FEE All businesses making purchases for resale must apply for and obtain a Resale Exemption Certificate for exemption. Resale Exemption Certificates are only issued to businesses that are registered. Certificates will not be issued if an account is not in compliance. Certificates are valid on a calendar year basis and must be presented at time of purchase requesting sales tax exemption. This is a NEW APPLICATION RENEWAL for January 1 through December 31, ________ Sales Tax Account #: Phone #: Business Name: Owner Name: Business Activity Type: Mailing Address: Number of cards requested ________ (Limit )5 RENEWALS: Review last year’s Resale Card. Do you want the same codes? Circle: YES or NO_ If you circled NO, please select new codes, and enter below. Please list all codes, not just changes. TYPES OF ITEMS TO BE PURCHASED FOR RESALE (limit 4) - Please see Resale Codes listing. NEW APPLICATIONS and RENEWALS requesting code changes: Enter Resale Codes below. 1. 2. 3. 4. I declare subject to the penalties prescribed in City and Borough ordinances that this application has been examined by me and to the best of my knowledge and belief is a true and complete application. I acknowledge that I am solely responsible for purchasing within the categories listed, and I am responsible for sales tax liability resulting from misuse of the resale certificate. I understand that misuse of the Resale Certificate is unlawful and subject to prosecution, fine, and loss of usage (SGC 4.25.240). Signature: Name: Date: For Sales Tax Office Use Only Sales Tax Exemption Number _________________ Expiration Date: ________________ # of Cards Issued: __________ Issue Date: _____________ Staff Authorization: _________________ 9 |
Enlarge image | Businesses must be registered for sales tax in order to receive a resale exemption certificate. Certificates will not be issued if an account is not in compliance. Failure to present the certificate at time of purchase will result in sales tax being charged on purchases. The buyer will be responsible for restricting purchases to the types of items listed on the certificate. Purchases made with the use of a resale certificate for any other reason are not permitted. If items that do not qualify for the exemption are purchased along with exempt items, the buyer is responsible for separating taxable items from non- taxable items at the point of purchase. Up to five cards may be issued to a business, but the applicant is responsible for educating all persons authorized to use the resale certificate on the proper use of the buyer’s resale certificate privileges. Misuse of the resale certificate is unlawful and subject to prosecution and fine. RESALE CODES Please review the list below and select a maximum of four categories that describe the types of items your business purchases in Sitka for resale. Please note that we have added new categories and edited others. If you need help in selecting the categories that adequately meet your needs, please call. AA AUTO-ACCESSORIES/PARTS/TIRES GP GRAPHICS - LETTERING & MATERIALS AB ALCOHOLIC BEVERAGES GR GROCERIES-FOOD & BEVERAGE ONLY AC AIRCRAFT-PARTS-ACCESSORIES-OIL HA HAULING - TRUCKING SERVICES AP APPLIANCE -PARTS & ACCESSORIES HC HEATING / COOLING PARTS AR ARTIST - MEDIUM/PAPER/CLAY ETC HD HIDES - FUR - LEATHER ETC AT ARTWORK - FRAMING/PRINTING ETC HP HIDE PROCESSING - TANNING AU AUTO RENTAL HY HYDRO TESTING BO BOATS-EQUIPMENT / MARINE REPAIR /PARTS IN RETAIL INVENTORY ITEMS BU BUILDING-MATERIAL/SERVICES ETC LA LANDSCAPEING-SUPPLIES & SERVICE CG CHARTER-GUIDE SERVICE/CHARTERS/TOURS LB LODGING-HOUSING INCLUDE BED TX CJ CRAFT-JEWELERY/CRAFT SUPPLIES LO LODGING-HOUSING/SALES TX ONLY CL CLOTHING-GARMENTS/ACCESSORIES MT METAL FABRICATION METAL CM COMPUTOR- HARD / SOFTWARE PA PAINT - PAINT ONLY CN CLEANING SERVICES PH PHOTOGRAPHY SUPPLIES CO CONCRETE-SUPPLIES/PREPARATION PL PLUMBING-MATERIALS/SERVICES CS CONSULTING PP PROPANE - LIQUID PROPANE CW CONTRACTED WORKERS PR PRINTING - PLUBLISHING CT CONTAINERS-TAKEOUT SUPPLIES RF REFUSE/DEMOLITION DISPOSAL EC ELECTRONICS - PARTS / UNITS RO ROCK / GRAVEL EL ELECTRICAL-MATERIALS & SERVICE RS RESTAURANTS-PREPARED FOOD ER EQUIPMENT RENTAL SA ROAD SALT ONLY ES ENGINEERING & SURVEY SERVICES SN SEWING NOTIONS - FABRIC/THREAD EX EXCAVATION- ROCK & EXCAVATION TE TOUR AND ENTERTAINMENT FA FUEL ADDITIVES - ADDITIVES FOR FUEL TR TRANSPORTATION-WATER/LAND TAXI FI FISH - FISH & SEAFOOD TS TUTORING SERVICES FL FUEL - ADDITIVES & FUEL VI VIDEO/AUDIO-SUPPLY/PREPARATION FO FOOD - GROCERIES / RESTAURANTS WO WOOD / LUMBER FOR ART / CARVING FP FISH PROCESSING 10 |
Enlarge image | Please contact Seth Charlton at the Assessing Department about Declaring Business Personal Property 907-747-1822 assessing@cityofsitka.org 100 Lincoln St Rm 201 Sitka, AK 99835 • Declara�ons are due February 17, 2025 • $100 dollar penalty for Not Declaring and Late Declara�ons • $25,000 Exemp�on for on �me Declara�ons |
Enlarge image | CITY AND BOROUGH OF SITKA Assessor's Office, 100 Lincoln St., Sitka, AK 99835 Phone: 907-747-1822 Email: assessing@cityofsitka.org The Business Property Return is also available in an electronic version (Excel) at https://www.cityofsitka.com/departments/Assessing 2025 - BUSINESS PROPERTY RETURN THIS FORM IS TO BE FILED ON OR BEFORE FEBRUARY 17th, 2025 Account Number: Type of Business: Owner Name: Business Name/DBA Mailing Address: Location/Address of Property: Person to Contact Concerning This Report Name: Title: Phone: E-Mail: Instructions for filing Business Property Return: This return should be used for any retail, wholesale, industrial, hotel, service, professional or other enterprises. Commercially used aircraft are to be declared on this return. Property that is temporarily out of the City & Borough of Sitka on January 1st is taxable. Licensed vehicles, boats, and float houses are not to be declared on this form. Include a leased equipment listing, so that the lessor may be contacted. Fair market value should be given for each category of assets listed. IRS depreciation is not acceptable. Depreciation value table instructions can be found on page 9. Examples of machinery and equipment corresponding to the 5,10,15 and 20 year life tables can be found on our website https://www.cityofsitka.com/departments/Assessing. Note separately any assets sold or discarded duringthe preceding year. Allreturns are subject to the Assessor's Office review and/or revision. Incomplete forms may be returned to taxpayer or considered invalid. ITEMIZATION IS REQUIRED; A PRINTOUT OF ASSETS MAY BE ATTACHED TO THIS FORM. Who must file? Every person, association, corporation or firm What must be listed? All business property located in the City (regardless of residency) who owns or controls business property & Borough of Sitka that was in the control of, or use by, the which is not specifically exempt in the City & Borough of Sitka. taxpayer on January 1. This includes assets owned, leased by, loaned to, or borrowed by the taxpayer. How Do I File? Complete this report by reviewing Business Can't make the February 1 7filing deadline? Upon formal Property Form Summary page. The electronic form will self request by the taxpayer prior to the February 1 deadline,7the calculate depreciation and market value for assets. Assessor may grant an extension of up to February 28th. The Assessor's Office will declare a value for returns not received by the due date and the property assessment will be based upon the Assessor's declared value. SGC 4.35.055. Failure to file return - Fee - Penalty. (A) A taxpayer who fails to file a return as provided in SGC 4. 35 0. 50A shall be subject to a fee of $100.00 for the cost of the assessor's preparation of a valuation based on information available or obtained by the assessor for the taxable property as allowed under SGC 4.35.030 (also referred to as "forced filing"). The taxpayer shall be notified of the fee as of the date of mailing of business property and personal property assessment notices. (B) A person or entity that knowingly makes a false affidavit to a business property or personal property return required by this section relative to the amount, location, kind or value of property subject to taxation with the intent to evade the taxation, is guilty of a violation. Upon conviction, the violator shall be subject to penalty as provided in SGC 1.45.010. Page1 |
Enlarge image | CITY AND BOROUGH OF SITKA Assessor's Office, 100 Lincoln St., Sitka, AK 99835 Phone: 907-747-1822 Email: assessing@cityofsitka.org This form is to be filed on or before February 17, 202 5to avoid a failure to file fee of $100.00 202 5BUSINESS PROPERTY RETURN I HEREBY DECLARE OWNERSHIP OR CONTROL OF THE FOLLOWING TAXABLE BUSINESS PROPERTY NO CHANGE FROM PREVIOUS YEAR? (Enter "No Change" at right, sign & date return) NO LONGER IN BUSINESS? (Complete lines 1,2,&3 below, sign & date return) When did your business close or cease conducting business in the City & Borough of Sitka: 1 Did you sell your business: 2 If so, who is the new owner: 3 ASSETS ACQUISITION COST ACCRUED MARKET VALUE FOR OFFICE USE ONLY DEPRECIATION OFFICE EQUIPMENT AND Pages 3 & 4 COMPUTERS FURNITURE, FIXTURES Page 5 AND LEASEHOLD MACHINERY AND Page 6 EQUIPMENT TOTAL (RND $100) Page 7 LEASED ASSETS SEE PAGE 7 SOLD OR DISPOSED SEE PAGE 7 Page 7 ASSETS AIRCRAFT & HELICOPTERS MARKET VALUE Gross weight of light aircraft needs to be submitted to qualify for Gross Weight# Page 8 AIRCRAFT an exemption of tax SOLD AIRCRAFT TRANSFER PRICE BUYERS NAME (AIRCRAFT) TRANSFER DATE MAILING ADDRESS SIGNATURE/TITLE OF PERSON PREPARING RETURN DATE Please print name(s) here so that we may correctly identify the contact person for this report if needed. Page 2 |
Enlarge image | COMPUTERS & SOFTWARE ITEM ACQUISTION YEAR ACCRUED MARKET VALUE DESCRIPTION COST ACQUIRED DEPRECIATION Page 3 |
Enlarge image | OFFICE EQUIPMENT ITEM ACQUISTION YEAR ACCRUED MARKET VALUE DESCRIPTION COST ACQUIRED DEPRECIATION Page 4 |
Enlarge image | FURNITURE, FIXTURES & LEASEHOLD ITEM ACQUISTION YEAR ACCRUED MARKET VALUE DESCRIPTION COST ACQUIRED DEPRECIATION Page 5 |
Enlarge image | MACHINERY & EQUIPMENT ITEM ACQUISTION YEAR ECONOMIC ACCRUED MARKET VALUE DESCRIPTION COST ACQUIRED LIFE DEPRECIATION Page 6 |
Enlarge image | LEASED AND SOLD ASSETS LEASED / SOLD LEASE (L) LESSOR / BUYER ADDRESS ITEM DESCRIPTION SOLD (S) Page 7 |
Enlarge image | AIRCRAFT AND HELICOPTERS YEAR YEAR ACQUISTION REG. NUMBER BUILT Make & Weight MODEL ACQUIRED COST MARKET VALUE Page 8 |
Enlarge image | TAX YEAR 2025 CITY AND BOROUGH OF ITKA S SSESSOR'S A FFICEO JANUARY 1, 202 5BUSINESS PERSONAL PROPERTY VALUE TABLES Computers Machinery and Equipment * 4-Year Life 5-Year Life 10-Year Life 15-Year Life 20-Year Life Year Factor Year Factor Year Factor Year Factor Year Factor 202 4 80% 2024 85% 2024 92% 2024 95% 2024 97% 202 3 60% 2023 69% 2023 84% 2023 90% 2023 93% 202 2 40% 2022 52% 2022 76% 2022 85% 2022 90% 2021 20% 2021 34% 2021 67% 2021 79% 2021 86% Prior 10% 2020 23% 2020 58% 2020 73% 2020 82% Prior 20% 2019 49% 2019 68% 2019 78% 2018 39% 2018 62% 2018 74% *Examples of Machinery and Equipment 2017 30% 2017 55% 2017 70% corresponding to the 5, 10, 15 and 20-year 2016 24% 2016 49% 2016 65% life tables can be found on our website 2015 21% 2015 43% 2015 60% cityofsitka.com/departments/Assessing Prior 20% 2014 37% 2014 55% IRS Depreciation Is Not Acceptable Use this Column for 2013 31% 2013 50% Furniture & Fixtures 2012 26% 2012 45% 2011 23% 2011 40% Calculation Instructions 2010 21% 2010 35% Select the table to use (i.e.: 5-years, 10-years, etc). Scan down the Prior 20% 2009 31% table until you find the year you purchased the personal property. 2008 27% The percentage next to the year of purchase should be used to 2007 24% value the personal property. For example, using the 15-year table, 2006 22% property acquired in 202 at4an original cost of $5,000 would be 2005 21% valued at 95% of cost. The amount to be declared would be Prior 20% calculated as follows: $5,000 X 95% = $4,750 Note: Artwork is to be reported a original cost. This document is updated annually. If you have any questions as to the filing of your statement, please do not hesitate to contact the Assessing Department at (907) 747-1822. |
Enlarge image | COMPUTERS & SOFTWARE ITEM ACQUISTION YEAR ECONOMIC ACCRUED MARKET DESCRIPTION COST ACQUIRED LIFE DEPRECIATION VALUE 4 4 Page 3 OFFICE EQUIPMENT ITEM ACQUISTION YEAR ECONOMIC ACCRUED MARKET DESCRIPTION COST ACQUIRED LIFE DEPRECIATION VALUE 5 5 Page 4 FURNITURE, FIXTURES & LEASEHOLD ITEM ACQUISTION YEAR ECONOMIC ACCRUED MARKET DESCRIPTION COST ACQUIRED LIFE DEPRECIATION VALUE 10 10 Page 5 MACHINERY & EQUIPMENT ITEM ACQUISTION YEAR ECONOMIC ACCRUED MARKET DESCRIPTION COST ACQUIRED LIFE DEPRECIATION VALUE 5-10-15-20 5-10-15-20 Page 6 LEASED AND SOLD ASSETS LEASED / SOLD LEASE (L) LESSOR / BUYER ADDRESS ITEM DESCRIPTION SOLD (S) Page 7 AIRCRAFT AND HELICOPTERS ACQUISTION YEAR YEAR MARKET REG. NUMBER COST ACQUIRED BUILT MAKE / MODEL VALUE Page 8 |
Enlarge image | 4.35.020 Property subject to tax. A. All property within the corporate limits of the city and borough, both real and personal, of every nature, not exempt under the laws of the United States or the state of Alaska, is subject to taxation for school and municipal purposes, and taxes upon such property must be assessed, levied and collected as provided herein, except the following property shall not be subject to taxation: 1. Personal property consisting of boats and vessels, light aircraft, household goods, jewelry, intangibles and personal effects, including motorcycles and snowmobiles not used in business and all motor vehicles subject to the motor vehicle registration tax. 4.35.050Property owners’ returns. A. Submission Basis. By no later than February 15th of each year, every person shall submit to the assessor a return of any business property or personal property, subject to taxation, owned by him, or in which he has an interest, and of the property held or controlled by him in a representative capacity, in the manner prescribed in this title, which return shall be based upon property values existing as of January 1st in the same year. For good cause shown, prior to delinquency, an extension of time of up to 29 days may be granted by the assessor, but he may grant no extension ending later than March 15th of the tax year. B. Contents. The person making the return in every case shall state an address to which all notices required to be given to him under this title may be mailed or delivered. The returns shall show the nature, description, and true value of the property and the place where the property is situated and the return shall be in such form and include such additional information as the assembly may prescribe, and shall be signed and verified by the person liable or his or its authorized agent or representative. In addition the person making the return shall give the name or names of any person or persons to whom he conveyed property during the previous year and a brief description of the property so conveyed sufficient to identify it on the tax records. C. Additional Information. The assessor may, by notice in writing to any person by whom a return has been made, require from taxpayer a further return containing additional details and more explicit particulars and upon receipt of the notice, that person shall comply fully with its requirements within 14 days. (Ord. 13-29 § 4, 2013; Ord. 82-518 § 4, 1982; Ord. 76-257 § 4, 1976; Ord. 72-20 § 3, 1972; B.C.S. § 3.20.050; S.G.C. § 4.12.050.) 4.35.055Failure to file return – Fee – Penalty. A. A taxpayer who fails to file a return as provided in SGC 4.35.050(A) shall be subject to a fee of $100.00 for the cost of the assessor’s preparation of a valuation based on information available or obtained by the assessor for the taxable property as allowed under SGC 4.35.030 (also referred to as “forced filing”). The taxpayer shall be notified of the fee as of the date of mailing of business property and personal property assessment notices. B. A person or entity that knowingly makes a false affidavit to a business property or personal property return required by this section relative to the amount, location, kind or value |
Enlarge image | of property subject to taxation with the intent to evade the taxation is guilty of a violation. Upon conviction, the violator shall be subject to penalty as provided in SGC 1.45.010. (Ord. 13-29 § 4, 2013; S.G.C. § 4.12.055.) 4.35.025 Exemptions. K. A taxpayer who files a timely business property return with the assessor shall be exempted the first $25,000 of assessed value of business property owned by each taxpayer from taxation as an optional exemption as set forth in AS 29.45.050(c). For taxpayers with multiple business property accounts, the optional exemption will be distributed among all of the accounts pro rata, based on the proportion of the assessed value in each account to the total assessed value of taxpayer’s business property. This exemption shall not apply to personal property affixed to land or improvements to land, float houses, nor to motor vehicles subject to a registration tax under AS 28.10.431 and as such statute may be hereafter amended, revised, or replaced. (Ord. 22-23 § 4; Ord. 16-45 § 4, 2016; Ord. 13-29 § 4, 2013; Ord. 13-26 § 4; Ord. 11-23 § 4; Ord. 06-50 § 4, 2007; Ord. 02-1658 § 4; Ord. 01-1616 § 4; Ord. 89-895 § 4; Ord. 86-694 § 4; S.G.C. § 4.12.025.) |