Terms Used In Alaska Statutes 45.53.030

  • Escrow: Money given to a third party to be held for payment until certain conditions are met.

The commissioner of revenue shall adopt regulations under Alaska Stat. Chapter 44.62 (Administrative Procedure Act) necessary to ascertain the amount of excise tax paid on the cigarettes of a tobacco product manufacturer for each year for which the manufacturer is required to place money into a qualified escrow fund under Alaska Stat. § 45.53.020.