AK HB290

Suspends Alaska's motor fuel tax under AS 43.40.010 from July 1, 2010, through June 30, 2012.

Requires fuel dealers to submit monthly reports to the Department of Revenue detailing all gasoline, diesel, and aviation fuel sales or transfers, with supporting invoices.

Imposes penalties of up to $5,000 on dealers who fail to file required monthly reports or provide supporting invoices.

Authorizes the Department of Revenue to adopt implementing regulations under the Administrative Procedure Act.

Defines "dealer" as any person selling or transferring motor fuel in Alaska who would have owed taxes under AS 43.40.010 absent this suspension.