Current as of: 2010
(a) This chapter does not apply to
(1) a fisheries business;
(2) the sale of liquor under a license issued under AS 04.11;
(3) an insurance business;
(4) a mining business;
(5) supplying services as an employee;
(6) furnishing goods or services by a person who does not represent to be regularly engaged in furnishing goods or services;
(7) the activities of an investment club; in this paragraph,
(A) "investment club" means a group of individuals, incorporated or otherwise organized, that engages primarily in investing in securities, that does not sell investment services to another person, that does not advertise, and the primary purpose of which is educational;
(B) "security" has the meaning given in Alaska Stat. § 45.55.990 .
(b) Notwithstanding an exemption provided by (a) of this section, a person who sells cigarettes, cigars, tobacco, or other products containing tobacco as a retailer must have a business license under Alaska Stat. § 43.70.020 and a business license endorsement required under AS 43.70.075.
Questions & Answers: Tax Law
U.S. Code Provisions: Tax Law