Clayton Walker, Alaska Law Offices, Inc.
Anchorage, AK 99518 — 907-230-6988
Alaska Law Blag is a production of Alaska Law Offices, Inc. Primarily authored and edited by Clayton Walker. The Blawg focuses on recent court decisions in Alaska. The scope includes the 9th Circuit, U.S. Supreme Court and other decisions affect businesses in Alaska. Along with cases, statutes and regulations affecting business litigation in Alaska.
Nullum Tempus Occurrit Regi — No Time Runs Against the King.
Williams v. Ketchikan Gateway Borough, Alaska Sup. Ct. S14513 (Feb. 15, 2013). (Holding your personal residence is not exempt from local taxation simply because you built your home with federal grant money.) Was the grant money taxable income in the year received? Are the forgiveness provisions of the repayment terms taxable forgiveness of indebtedness income? If not, should they be?