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SOME DEPARTMENT OF REVENUE TAX DEADLINES EXTENDED TO JULY 15, 2020.

DEPARTMENT OF REVENUE TAX COMPLIANCE PROGRAM TEMPORARY SUSPENSION PLAN

Notice of Extended Filing and Payment Deadline for Alaska Corporate Income Tax


Electric Cooperative Tax
2018 Annual Report


Electric Cooperative Tax Reports





AS 10.25.540

Description

Alaska levies an electric cooperative tax on kilowatt hours furnished by qualified electric cooperatives recognized under Alaska Statutes 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:

  • 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, the tax is $0.00025 per kWh; or

  • For cooperatives that have furnished electric energy and power to consumers for five years or longer as of the preceding calendar year, the tax is $0.0005 per kWh.

Returns

Taxpayers are required to file tax returns electronically using Revenue Online.

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.

Revenue from cooperatives located in municipalities are shared 100% with the municipalities, less the amount of money that the State of Alaska spends in collecting the taxes.

The small amount of revenue collected from cooperatives outside municipalities is retained by the State of Alaska.

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 the electrical cooperative tax, one “mill” means one-tenth of one cent, according to AS 10.25.555.)




Click here for data with additional years.

  Collections Summary

Fiscal Year

2018 2017 2016 2015
   Total Tax

$2,041,017

$1,983,534

$2,015,794

$2,008,278

   General Fund

47,554 46,696 44,206 6,974

   Shared with Municipalities

1,993,463 1,936,838 1,971,588 (2,001,304)


  Filing Information

Fiscal Year

2018 2017 2016 2015

   Number of Returns

20 19 17 21

   Number of Taxpayers

17 18 17 17





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