AK HB102

Suspends the motor fuel tax imposed under AS 43.40.010 from July 1, 2011 through June 30, 2013, preventing collection during this period.

Requires all persons subject to the motor fuel tax to submit monthly reports to the Department of Revenue during the fiscal year preceding the suspension, showing all sales or transfers of gasoline, diesel, and aviation fuel with supporting invoices attached.

Monthly reports must be submitted by the last day of the month following the month in which fuel sales or transfers occurred, under penalty of unsworn falsification.

Department of Revenue may assess penalties up to $5,000 against any person who fails to file required monthly reports or provide supporting invoices.

Department of Revenue may adopt regulations to implement the requirements of this act, with Section 1 automatically repealing on July 1, 2013, and the act taking effect immediately.