Tobacco Tax Summaries

Tax summaries provide a breakdown on imports, exempt sales, taxable quantities and tax for cigarettes and other tobacco products (OTP) as well as total tax collected. The tax summaries are based on monthly tax returns filed by licensees.  Exempt sales are sales by exemption card holders to qualified businesses located outside the Municipality.   AMC 12.40.240, Confidentiality of records, requires the Municipality to protect financial information reported on the individual tax returns. Therefore, Treasury cannot provide more detailed breakouts of quantities and tax if doing so would violate AMC 12.40.240.

Our intent in publishing these summary reports is to provide a general measure of cigarette and OTP activity within the Muncipality in a timely manner. Please carefully read the disclaimers in the following section regarding the use of these reports.

Disclaimers

The tax return summary reports available on this web page are compiled from Cigarette and Other Tobacco Products Tax Returns filed with the Municipality of Anchorage and reflect the activity and associated cigarette and OTP (CTP) tax effects in particular time periods. For the current year only, the values for prior months are updated each time a new report is issued. However, once the report has been created for December each calendar year, the report will no longer be updated. Therefore, the balances shown in the summary reports do not include the effects of subsequent events, including but not necessarily limited to, the following:

• Undetected errors on CTP Tax Returns filed with the Municipality,
• Unreported transactions as determined by a municipal audit of a licensee's or exemptee's records,
• Prior year CTP Tax Returns amended by a licensee, and/or
• Unremitted CTP taxes due to the Municipality that become uncollectible.

Our analytical review shows that such excluded events are immaterial and would have a very minor impact (<1%) on the balances shown in these summary reports.

These summary reports have not been subjected to independent audit, are not a component of the official financial statements of the Municipality of Anchorage, and do not necessarily represent CTP tax revenues received or recognized by the Municipality for a given year. The Municipality recognizes tobacco tax revenues in accordance with standards promulgated by the Governmental Accounting Standards Board (GASB). Please refer to the Municipality’s Comprehensive Annual Financial Report (CAFR) for the total tobacco tax revenue recognized by the Municipality for a particular calendar year. The CAFRs for 2001 forward may be found by clicking here.