Section 15 AAC 160.860 - Grace periods for reports and annual review of financial records(a) The department may grant to a permittee or licensee one 30-day grace period to file a report or annual review of financial records required under AS 05.15 or this chapter. The department will not grant more than one grace period for the report or annual review of financial records.(b) Except for good cause shown, a request for a grace period must be filed with the department in writing on or before the due date for the report or annual review of financial records. The report or annual review of financial records must include a complete statement of the reason for the request. For the purposes of this subsection, "good cause" means a reason outside of the control of the permittee or licensee as determined by the department in its discretion.(c) If the department grants a grace period under this section, then during the grace period, the department will not (1) deny, suspend, of revoke the permittee's permit or the licensee's license for failing to file the report or annual review of financial records by the due date; or(2) consider the corresponding report delinquent under AS 05.15.095(b).(d) If the department grants a grace period under this section, the permittee or licensee shall attach a copy of the department's grace period letter to the corresponding report or annual review of financial records when the report or annual review of financial records is filed.(e) The department will not grant a grace period to pay a fee or tax required under AS 05.15 or this chapter.Eff. 7/30/94, Register 131; am 11/10/96, Register 140; am 9/3/2005, Register 175Authority:AS 05.15.060
AS 05.15.080
AS 05.15.083