For purposes of 15 AAC 20.600 - 15 AAC 20.680

1. (1) "commercial domicile" means the principal place from which a trade or business is directed or managed;
2. (2) "financial organization" means an organization engaged in monetary, lending, or investment activities, and includes banks, savings and loan associations, credit unions, and trust, safe deposit, small loan, sales finance, investment, credit card, and real estate mortgage companies;
3. (3) "loan" means an extension of credit by financial organization to another person or entity and includes real estate mortgages, collateralized debts, leases that are essentially financing arrangements, personal notes, and credit card borrowings;

4. (4) "receipts" means gross income derived from the taxpayer's business transactions and activities, but does not include

   1. (A) money received for custody;
   2. (B) principal repayments or amounts received for the purchase of principal;
   3. (C) gross proceeds or net proceeds from the sales of assets; and
   4. (D) gross receipts from tax-exempt income;
5. (5) "securities" means marketable ownership and creditor interests, including certificates of stock, stock warrants, bonds, government obligations, and any other instrument or interest likely to be accepted for trading on the securities market.

(Eff. 2/17/85, Register 93)

Authority: AS 43.05.080