State & Local Tax Impacts of COVID-19 for Alaska – 2020

Thoughtware Alert Published: Dec 11, 2020 | Updated: May 05, 2021

Information current as of December 31, 2020.

COVID-19 has changed life across the globe. Many taxing jurisdictions are taking mitigating actions to create social distance and aid taxpayers. The following is a running list of actions by jurisdiction, which generally result in additional time to file and/or pay. Further, many jurisdictions have closed their offices to in-person use by taxpayers and suspended their audit and administrative functions. This alert doesn’t cover similar waivers from local-level taxing authorities. These developments continue to quickly evolve; check with your BKD Trusted Advisor or visit our COVID-19 Resource Center for current information as needed.

Information Specific to Alaska

  • For all taxes administered by the Tax Division, except Oil and Gas Production taxes, tax returns and payments that would otherwise be due March 31, 2020, are extended until July 15, 2020. This extension also will apply to returns (including amended and information returns), reports and payments due between April 10, 2020 (or sooner if the bill is signed sooner) and July 14, 2020. Because the tax deadlines are extended, penalty or interest will be not be assessed if returns and payments are received for the affected periods on or before July 15, 2020.
  • Annual license renewal deadlines for Alcoholic Beverages, Fisheries, Mining, Motor Fuel and Tobacco tax programs are not extended; however, any associated license fees can be paid on or before July 15, 2020, without penalty or interest.
    • Gov. Dunleavy Administrative Order (pending); S.B. 241 (pending) and Alaska DOR Alert, March 31, 2020.
  • In response to COVID-19, Alaska legislation automatically extends all tax returns and payments filed with the DOR (other than the oil and gas surcharge and property tax) and due before July 15 to July 15, with full waiver of any penalty and interest.
    • S.B. 241, effective April 10, 2020.

For more information, reach out to your BKD Trusted Advisor or use the Contact Us form below.

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