{"data":{"id":"us-ak/as-29.45.250","jurisdiction":"us-ak","citation":"AS 29.45.250","heading":"Rates of penalty and interest.","body":"(a) A penalty not to exceed 20 percent of the tax due may be added to all delinquent taxes, and interest not to exceed 15 percent a year shall accrue upon all unpaid taxes, not including penalty, from the due date until paid in full. A municipality may impose a penalty not to exceed 20 percent of the tax due upon the late return of personal property assessment forms. A penalty under this section may be imposed according to a formula that increases the amount of the penalty as the length of time increases during which payment is delinquent or assessment forms are not returned.\n(b) If a taxpayer is given the right to pay the tax in two installments, penalty and interest on an unpaid installment accrues from the date the installment becomes due.","path":["Title 29. Municipal Government.","Chapter 45. Municipal Taxation."],"source_url":"https://www.akleg.gov/basis/statutes.asp#29.45.250","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:18:16Z","sha256":"5eb632c09f5ce6855a532c9c5f3a303703a6166850d141da918295f5dc6f7bbc","source_id":"us-ak","stale":false,"prev":"us-ak/as-29.45.240","next":"us-ak/as-29.45.290"},"notice":"GroundRules: Original legal text. Not legal advice."}