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Electric Cooperative Tax
2016 Annual Report
Electric Cooperative Tax Reports
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
End Year
AS 10.25.540
Description
Alaska levies an electric cooperative tax on kilowatt hours furnished by qualified electric cooperatives recognized under AS 10.25.
Rate
The electric cooperative tax is based on a rate per kilowatt hour (kWh), and on the length of time the cooperative has furnished electricity to consumers as follows: $0.00025 per kWh for cooperatives that have furnished electric energy and power to consumers for less than five years as of Dec. 31 of the preceding calendar year or $0.0005 per kWh for cooperatives that have furnished electric energy and power to consumers for five years or longer as of the preceding calendar year.
Returns
Electric cooperatives file calendar-year returns that are due with payment before March 1 of the following year.
Exemptions
All qualified electric cooperatives are subject to the cooperative tax. Cooperatives pay the electric cooperative tax in lieu of corporate net income and excise taxes.
Disposition of Revenue
The Department of Revenue’s Tax Division deposits all revenue derived from electric cooperative taxes into the General Fund.
Electric cooperative taxes sourced from within municipalities are shared 100% to respective municipalities, less the amount expended by the State of Alaska in their collection.
The state retains electric cooperative taxes sourced from outside municipalities.
History
1959 –
The Alaska Legislature enacted the electric cooperative tax as part of the “Electric and Telephone Cooperative Act” that was adopted to promote cooperatives around the state. The due date for filing electric cooperative tax returns was April 1 of the following year.
1960 –
The Legislature changed the due date for paying taxes to March 1.
1980 –
The Legislature changed the tax base for calculating the electric cooperative tax from gross revenue to kWh. The Legislature adopted the current mill rates. (As far as electrical cooperative tax, one “mill” means one-tenth of one cent, according to AS 10.25.555.)
Data with additional years.
Collections Summary
Fiscal Year
2016
2015
2014
2013
Total Tax
$2,015,794
$2,008,278
$2,001,497
$2,072,147
General Fund
44,206
6,974
36,883
34,251
Shared with Municipalities
(1,971,588)
(2,001,304)
(1,964,614)
(2,037,896)
Filing Information
Fiscal Year
2016
2015
2014
2013
Number of Returns
17
21
16
21
Number of Taxpayers
17
17
15
21