Alaska Regulations § 2 AAC 50.685 Reporting sources of income and gifts
Regulation Text
(a)
In a disclosure statement required by
AS
24.60.200
or
AS
39.50.020
, a legislative branch filer, public official, or candidate shall report the applicable information required in
AS
39.50.030
(b)(1)
for all amounts greater than $1,000 received as
(1)
compensation or benefits received from an employer, including a nonprofit entity, and a government employer; compensation or benefits include wages, salary, commissions, tips, bonuses, housing, and use of an automobile;
(2)
dividends, interest, and other distributions of earnings from a business or investment;
(3)
self-employment income as provided in
2 AAC 50.700
;
(4)
rental income as provided in
2 AAC 50.725
; and
(5)
any other income, including proceeds of a sale of goods or property, capital gains, pensions, retirement account cash-outs, government entitlements, alimony or child support payments, honoraria, and payments not otherwise accounted for.
(b)
In a disclosure statement required by
AS
39.50.020
, a public official or candidate shall report the applicable information required in
AS
39.50.030
(b)(1)
for any gift with a fair market value greater than $250, and for all gifts from a single source with a cumulative value greater than $250. A public official or candidate is not required to report an item received without consideration from a family member, a parent, nondependent child, sibling, grandparent, aunt, uncle, niece, or nephew. The requirements of this subsection do not apply to a legislative branch filer. However, nothing in this section relieves a legislative branch filer from a reporting requirement or limitation on acceptance of gifts in any other provision of law.
(c)
The amount of any income more than $1,000 that must be reported, or the value of a gift more than $250 that must be reported, may be stated in a range rather than as an exact amount. The ranges to be used for this purpose are the following:
(1)
more than $250 and no more than $1,000, for gifts only;
(2)
more than $1,000 and no more than $2,000;
(3)
more than $2,000 and no more than $5,000;
(4)
more than $5,000 and no more than $10,000;
(5)
more than $10,000 and no more than $20,000;
(6)
more than $20,000 and no more than $50,000;
(7)
more than $50,000 and no more than $100,000;
(8)
more than $100,000 and no more than $200,000;
(9)
more than $200,000 and no more than $500,000;
(10)
more than $500,000 and no more than $1,000,000;
(11)
more than $1,000,000.
History
Eff. 12/22/2011, Register 200
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