{"data":{"id":"us-ak/as-10.25.540","jurisdiction":"us-ak","citation":"AS 10.25.540","heading":"Business license and taxation of cooperatives.","body":"(a) Cooperatives under this chapter shall apply for a business license and pay the initial license fee as provided by the Alaska Business License Act (AS 43.70), as amended.\n(b) Before March 1 of each year,\n(1) each telephone cooperative shall pay to the state, instead of state and local ad valorem, income, and excise taxes that may be assessed or levied, a percentage of its gross revenue earned during the preceding calendar year;\n(2) each electric cooperative shall pay to the state, instead of state and local ad valorem, income, and excise taxes that may be assessed or levied, a tax on the number of kilowatt hours of electricity sold at retail by the cooperative during the preceding calendar year.","path":["Title 10. Corporations and Associations.","Chapter 25. Electric and Telephone Cooperative Act.","Article 4. Miscellaneous Provisions."],"source_url":"https://www.akleg.gov/basis/statutes.asp#10.25.540","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:16:39Z","sha256":"f1a0a947f5091493d98a3bcb472167b1c118558d8b4d365d5f54f06f199405ef","source_id":"us-ak","stale":false,"prev":"us-ak/as-10.25.530","next":"us-ak/as-10.25.550"},"notice":"GroundRules: Original legal text. Not legal advice."}