Alaska § 43.20.340 - Definitions.
Full text of Alaska Alaska Statutes § 43.20.340 — Definitions., with citation guidance and answers to common questions.
§ 43.20.340. Definitions.
In this chapter, (1) “bank” means a financial institution including a national banking association;
(2) “corporation” includes an association, joint-stock company, and an insurance company;
(3) “fiscal year” means an accounting period of 12 months ending on the last day of a month other than December;
(4) “includes” and “including” when used in a definition do not exclude other things otherwise within the meaning of the word defined;
(5) “Internal Revenue Code” means the Internal Revenue Code of the United States (26 U.S.C.) as the code exists now or as hereafter amended, as the code and amendments apply to the normal taxes and surtax on net incomes, which amendments are operative for the purposes of this chapter as of the time they became operative or will become operative under federal law;
(6) “part-year resident” means an individual who enters or leaves the state during the taxable year and who has resided or was domiciled in the state for a period of less than 12 months during the taxable year;
(7) “person” means an individual, a trust or estate, or partnership, or a corporation;
(8) “taxable year” means the calendar year or the fiscal year ending during the calendar year upon the basis of which the net income is computed under this chapter; “taxable year” includes, in the case of a return made for a fractional part of a year under this chapter, the period for which the return is made;
(9) “taxpayer” means a person subject to a tax imposed by this chapter;
(10) “trade or business” includes the engaging in or carrying on of a trade, business, profession, vocation, employment, and rendition of services or commercial activity and includes the performance of the function of a public office.
Frequently Asked Questions About Alaska § 43.20.340
What does Alaska Statutes § 43.20.340 cover?
Section 43.20.340 ("Definitions.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 43.20.340?
A common citation format is "Alaska Statutes § 43.20.340" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 43.20.340 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.