reglab/statecodes huggingface dataset:
Alaska Administrative Code › Title 15 - Revenue › Chapter 55 - Oil and Gas Production Tax and Oil Surcharge › Article 3 - Tax Credits › 15 AAC 55.310 - Qualified capital expenditure credits

Current through May 31, 2024
For purposes of
				  AS
				  43.55.023(a), (n), and (o),
				  if an expenditure incurred by a producer or explorer during a calendar year is
				  an outlay for work-in-progress with respect to an asset the cost of which is
				  treated as a capitalized expenditure under 26 U.S.C. (Internal Revenue Code),
				  as amended, regardless of elections made under
				  26 U.S.C.
				  263(c) (Internal Revenue
				  Code), as amended, the fact that the asset is not placed in service until a
				  later calendar year does not prevent the expenditure from constituting a
				  qualified capital expenditure.
Authority:
AS
					 43.05.080
AS 43.55.023
AS
					 43.55.110
Alaska Administrative Code › Title 15 - Revenue › Chapter 55 - Oil and Gas Production Tax and Oil Surcharge › Article 3 - Tax Credits › 15 AAC 55.320 - Transferable tax credit certificates

Current through May 31, 2024
(a) A producer or
				explorer may apply for a transferable tax credit certificate for
(1) a qualified capital expenditure credit
				under
				AS
				43.55.023(a) or a well lease
				expenditure credit under
				AS
				43.55.023 (
l
) at any time
				after the expenditure in question is incurred but no more frequently than once
				a calendar quarter;
(2) a
				carried-forward annual loss credit under
				AS
				43.55.023(b), as the
				provisions of that subsection read before January 1, 2018, for lease
				expenditures incurred before January 1, 2018, no earlier than January 1 of the
				calendar year following the calendar year in which the carried-forward annual
				loss in question is incurred.
Alaska Administrative Code › Title 15 - Revenue › Chapter 55 - Oil and Gas Production Tax and Oil Surcharge › Article 3 - Tax Credits › 15 AAC 55.335 - Additional nontransferable credits

Current through May 31, 2024
(a) Repealed
				1/1/2022.
(b) For a calendar year
				during which two or more producers that qualify under
				AS
				43.55.024(e) are succeeded
				through merger, acquisition, or a similar transaction by a single producer that
				qualifies under
				AS
				43.55.024(e),
(1) each of the predecessor producers may
				take that percentage of an entire credit to which it is otherwise entitled
				under
				AS
				43.55.024(a) or (c) that
				equals the percentage of days in the calendar year during which those producers
				are separate entities
(2) the
				successor producer may take that percentage of a single entire credit to which
				it is otherwise entitled under
				AS
				43.55.024(a) or (c) that
				equals the percentage of days in the calendar year during which that producer
				is the successor to the predecessor producers.
Alaska Administrative Code › Title 15 - Revenue › Chapter 55 - Oil and Gas Production Tax and Oil Surcharge › Article 3 - Tax Credits › 15 AAC 55.337 - Tax credits for a municipal entity

Current through May 31, 2024
(a) For a tax
				credit based on expenditures incurred during a calendar year, other than a tax
				credit under
				AS
				43.55.023(b), as the
				provisions of that subsection read before January 1, 2018, the amount of the
				municipal entity's tax credit may not exceed the amount of the tax credit
				otherwise allowed under this chapter, multiplied by the fraction calculated
				under (d) of this section for that calendar year.
(b) For a tax credit not based on
				expenditures, other than tax credits under
				AS
				43.55.024(i) and (j), the
				amount of the municipal entity's tax credit for a calendar year may not exceed
				the amount of the tax credit otherwise allowed under this chapter, multiplied
				by the fraction calculated under (d) of this section for that calendar
				year.
(c) A municipal entity is
				eligible for tax credits under
				AS
				43.55.024(i) or (j) only for
				oil, otherwise qualifying under
				AS
				43.55.024(i) or (j), that it
				sells to another party, other than oil in which the federal government or the
				state has an ownership interest or the ownership or right to which constitutes
				a landowner's royalty interest.
(d)
				For each calendar year, the municipal entity shall calculate a fraction, the
				numerator of which is equal to the amount of oil and gas produced by the
				municipal entity from leases or properties in the state during the calendar
				year, in BTU equivalent barrels, that the municipal entity sells to another
				party, other than oil or gas in which the federal government or the state has
				an ownership interest or the ownership or right to which constitutes a
				landowner's royalty interest, and the denominator of which is equal to the
				total amount of oil and gas produced by that municipal entity from leases or
				properties in the state during the calendar year, in BTU equivalent barrels,
				other than oil or gas in which the federal government or the state has an
				ownership interest or the ownership or right to which constitutes a landowner's
				royalty interest. The fraction is equal to zero for a calendar year during
				which the municipal entity does not produce any oil or gas, or produces oil or
				gas from a lease or property, but does not sell any of that oil or gas to
				another party.
Authority:
AS
					 43.05.080
AS
					 43.55.019
AS
					 43.55.023
AS
					 43.55.024
AS
					 43.55.025
AS
					 43.55.110
AS
					 43.55.895
Alaska Administrative Code › Title 15 - Revenue › Chapter 55 - Oil and Gas Production Tax and Oil Surcharge › Article 3 - Tax Credits › 15 AAC 55.341 - Credit provisions after June 30, 2007, and before January 1, 2011, for Cook Inlet and for gas used in the state

Current through May 31, 2024
(a) For purposes of
				AS
				43.55.011(m) and this
				section, the portion of a tax credit for the calendar year of production that
				is allocated to gas produced by a producer during a calendar year from leases
				or properties
(1) in the Cook Inlet
				sedimentary basin is, for a credit under
(A)AS
				43.55.024(c), a fraction
				whose numerator is the amount of gas taxable under
				AS
				43.55.011(e) in BTU
				equivalent barrels produced by the producer during the calendar year from all
				leases or properties in the Cook Inlet sedimentary basin and whose denominator
				is the total amount of oil and gas taxable under
				AS
				43.55.011(e) in BTU
				equivalent barrels produced by the producer during the calendar year from all
				leases or properties in the state;
(B)AS
				38.05.180(i), AS 41.09.010,
				or
				AS
				43.55.025 for an expenditure incurred for
				exploration in the Cook Inlet sedimentary basin and that is available to be
				applied for the calendar year of production, a fraction whose numerator is the
				amount of gas taxable under
				AS
				43.55.011(e) in BTU
				equivalent barrels produced by the producer during the calendar year from all
				leases or properties in the Cook Inlet sedimentary basin and whose denominator
				is the amount of oil and gas taxable under
				AS
				43.55.011(e) in BTU
				equivalent barrels produced by the producer during the calendar year from all
				leases or properties in the Cook Inlet sedimentary basin;
(C)AS
				38.05.180(i), AS 41.09.010,
				or
				AS
				43.55.025 for an expenditure incurred for
				exploration outside the Cook Inlet sedimentary basin, zero;
(D)AS
				43.55.024(a),
				zero;
Alaska Administrative Code › Title 15 - Revenue › Chapter 55 - Oil and Gas Production Tax and Oil Surcharge › Article 3 - Tax Credits › 15 AAC 55.351 - Alternative tax credit for exploration expenditures for work performed after June 30, 2008, and for certain seismic exploration work performed before July 1, 2003

Current through May 31, 2024
(a) An explorer may request an alternative
				oil and gas exploration tax credit under
				AS
				43.55.025 by filing an application with the
				department (1) no later than six months after completion of the exploration
				activity for which the tax credit is claimed; or (2) in the case of seismic
				exploration performed before July 1, 2003, at any time before January 1, 2016.
				For a tax credit that the applicant wishes to use for a previous calendar year,
				as provided under
				15 AAC 55.370(c),
				an application may be filed with the statement filed under
				AS
				43.55.030(a) for that
				calendar year.
(b) For purposes of
				AS
				43.55.025(c)(2)(B), the
				distance between the bottom hole locations of two wells is measured as the
				horizontal distance between the surface location directly above the bottom hole
				location of each well.
(c) For
				purposes of
				AS
				43.55.025(d)(2), the
				distance between an exploration well and the outer boundary of a unit is
				measured as the horizontal distance between the surface location directly above
				the bottom hole location of the well and the nearest point on the outer
				boundary of the unit.
(d) This
				section applies to exploration expenditures for work performed after June 30,
				2008 and before July 1, 2016, and to seismic exploration expenditures for work
				performed before July 1, 2003, except that exploration expenditures for work
				conducted outside of the Cook Inlet sedimentary basin and south of 68 degrees
				North latitude must be incurred for work performed
(1) after June 30, 2008 and before January 1,
				2022 for a tax credit under
				AS
				43.55.025(a)(1), (2), or
				(3);
(2) after June 30, 2008 and before January 1,
				2018 for a tax credit under
				AS
				43.55.025(a)(4);
				or
(3) as provided in (e) of this
				section.
Alaska Administrative Code › Title 15 - Revenue › Chapter 55 - Oil and Gas Production Tax and Oil Surcharge › Article 3 - Tax Credits › 15 AAC 55.356 - Alternative oil and gas exploration tax credit claim for expenditures for work performed after June 30, 2008, and for certain seismic exploration work performed before July 1, 2003

Current through May 31, 2024
(a) An application
				for an alternative oil and gas exploration tax credit under
				AS
				43.55.025 for a particular exploration
				activity may, on a form provided by the department, be filed by
(1) a single explorer that
(A) holds the entire interest in the
				particular well or seismic or other geophysical exploration activity;
				and
(B) incurred 100 percent of the
				expenditures for which the credit is claimed; or
Alaska Administrative Code › Title 15 - Revenue › Chapter 55 - Oil and Gas Production Tax and Oil Surcharge › Article 3 - Tax Credits › 15 AAC 55.360 - Qualified exploration expenditures

Current through May 31, 2024
(a) For purposes of
				the alternative oil and gas exploration tax credit under
(1)AS
				43.55.025(a)(1) - (4), as
				the provisions of that section read on June 30, 2008, qualified exploration
				expenditures are the reasonably required direct costs for work performed on a
				particular exploration well or seismic or geophysical exploration project on or
				after July 1, 2003 and before July 1, 2008;
(2)AS
				43.55.025(a)(1) - (4), in
				effect on July 1, 2008, qualified exploration expenditures are the reasonably
				required direct costs for work performed on a particular exploration well or
				seismic or other geophysical exploration project after June 30, 2008, and
				before July 1, 2016, or on a particular seismic exploration project before July
				1, 2003, except that exploration expenditures for work conducted outside of the
				Cook Inlet sedimentary basin and south of 68 degrees North Latitude must be
				incurred for work performed after June 30, 2008 and before
(A) January 1, 2022 for a tax credit under
				AS
				43.55.025(a)(1), (2), or
				(3); or
(B) January 1, 2018 for a tax credit under
				AS
				43.55.025(a)(4);
(3)AS
				43.55.025(a)(6) exploration
				expenditures that qualify under
				AS
				43.55.025(m) must be
				incurred for work performed after June 1, 2012 for a well spudded before July
				1, 2017.
Alaska Administrative Code › Title 15 - Revenue › Chapter 55 - Oil and Gas Production Tax and Oil Surcharge › Article 3 - Tax Credits › 15 AAC 55.365 - Transfer of a transferable tax credit certificate or production tax credit certificate

Current through May 31, 2024
(a) A person may
				transfer an interest in a transferable tax credit certificate issued under
				AS
				43.55.023(d) or a production
				tax credit certificate issued under
				AS
				43.55.025 by notifying the department, on a
				transfer form provided by the department. A transfer form must include the
				following information:
(1) the names, federal
				tax identification numbers, and addresses of the transferor and the
				transferee;
(2) the amount of tax
				credit that was transferred, the nature of the transfer, and the monetary or
				other value received.
Alaska Administrative Code › Title 15 - Revenue › Chapter 55 - Oil and Gas Production Tax and Oil Surcharge › Article 3 - Tax Credits › 15 AAC 55.370 - Applying production tax credit certificates against production tax liability

Current through May 31, 2024
(a) To apply a
				production tax credit certificate issued under
				AS
				43.55.025 against a production tax liability
				under
				AS
				43.55.011(e) or, for oil and
				gas produced before July 1, 2007,
				AS
				43.55.011(f), a producer
				must submit to the department, with the statement described in
				AS
				43.55.030(a), a written
				designation, on a form prescribed by the department, stating the
(1) amount of tax credit to be applied
				against the tax liability;
(2)
				calendar year for which the tax credit is to be applied; and
(3) percentage, if any, of the tax credit
				that was subtracted in calculating the amount of an installment payment for
				each month under
				15 AAC 55.381(b)
Alaska Administrative Code › Title 15 - Revenue › Chapter 55 - Oil and Gas Production Tax and Oil Surcharge › Article 3 - Tax Credits › 15 AAC 55.375 - Order of applying tax credits

Current through May 31, 2024
(a) For purposes of
				applying a percentage limitation under
				AS
				43.55.023(e) or on the use
				of tax credits against a tax levied by
				AS
				43.55.011(e), a producer
				shall, subject to
				15 AAC 55.335(g),
(1) first, apply all tax credits allowable
				against the tax levied by
				AS
				43.55.011(e) other than
				credits subject to a percentage limitation under
				AS
				43.55.023(e) or;
(2) repealed 3/1/2017;
(3) second, apply a credit subject to a
				percentage limitation under
				AS
				43.55.023(e) against not
				more than 20 percent of the balance of the remaining tax liability under
				AS
				43.55.011(e), if
				any.
Alaska Administrative Code › Title 15 - Revenue › Chapter 55 - Oil and Gas Production Tax and Oil Surcharge › Article 3 - Tax Credits › 15 AAC 55.381 - Subtraction of tax credits in calculation of installment payment of estimated tax for oil and gas produced after June 30, 2007

Current through May 31, 2024
(a) For purposes of
				the
(1) calculation required under AS
				43.55.020fa)(5) or (7), the amount of the tax credits that are allowed by law
				to be applied against the tax levied by
				AS
				43.55.011(e) for a calendar
				year does not include any amount of a tax credit that the producer transfers to
				another person;
(2) installment
				payment required under
				AS
				43.55.020(a)(3), a tax
				credit is not deductible in calculating the amount of the payment.
Alaska Administrative Code › Title 15 - Revenue › Chapter 55 - Oil and Gas Production Tax and Oil Surcharge › Article 4 - Levy of Tax › 15 AAC 55.410 - Tax levied for production of oil and gas

Current through May 31, 2024
(a) The tax
				levied by
				AS
				43.55.011(e) is levied for a
				calendar year for all taxable oil and gas produced during all months of the
				calendar year.
(b) Repealed
				9/20/2020.
(c)AS
				43.55.011(e)(1) applies to
				oil and gas produced before January 1, 2014.
				AS
				43.55.011(e)(2) applies to
				oil and gas produced after December 31, 2013, and before January 1, 2022. AS
				43.55.01(e)(3) applies to oil and gas produced after December 31,
				2021.
Authority:
AS
					 43.05.080
AS
					 43.55.011
AS
					 43.55.110
Alaska Administrative Code › Title 15 - Revenue › Chapter 55 - Oil and Gas Production Tax and Oil Surcharge › Article 4 - Levy of Tax › 15 AAC 55.421 - Minimum tax for oil and gas produced after June 30, 2007

Current through May 31, 2024
(a) For purposes of
				AS
				43.55.011(e), a producer's
				minimum tax for a calendar year determined under
				AS
				43.55.011(f) on
(1) oil and gas produced after June 30, 2007
				and before January 1, 2022, from leases or properties in the state north of 68
				degrees North latitude is the amount calculated by multiplying the applicable
				percentage under
				AS
				43.55.011(f)(1) by the gross
				value at the point of production of all oil and gas produced by the producer
				during the calendar year from leases or properties in the state north of 68
				degrees North latitude, excluding
(A) oil and
				gas the ownership or right to which is exempt from taxation;
(B) oil and gas for which tax is calculated
				under
				AS
				43.55.011(i); and
(C) gas subject to
				AS
				43.55.011(o);
Alaska Administrative Code › Title 15 - Revenue › Chapter 55 - Oil and Gas Production Tax and Oil Surcharge › Article 4 - Levy of Tax › 15 AAC 55.440 - Tax limitations for Cook Inlet and for gas used in the state

Current through May 31, 2024
(a) For purposes of
				AS
				43.55.011(j)(2),
(1) the average rate of tax that was imposed
				under AS 43.55 on taxable gas produced from all leases or properties in the
				Cook Inlet sedimentary basin for the 12-month period ending on March 31, 2006,
				was 4.947 percent; and
(2) the
				average prevailing value for gas delivered in the Cook Inlet area for the
				12-month period ending March 31, 2006, as determined by the department under
				AS
				43.55.020(f), was $3.585 per
				Mcf.
Alaska Administrative Code › Title 15 - Revenue › Chapter 55 - Oil and Gas Production Tax and Oil Surcharge › Article 4 - Levy of Tax › 15 AAC 55.450 - Tax for oil and gas the ownership or right to which constitutes a landowner's royalty interest

Current through May 31, 2024
(a) The tax levied by
				AS
				43.55.011(i) for oil is
				calculated separately for oil produced from each lease or property and may not
				be less than zero.
(b) The tax
				levied by AS 43.55.011(i)
				for gas is calculated separately for gas produced from each lease or property
				and may not be less than zero.
Authority:
AS
					 43.05.080
AS 43.55.011
AS
					 43.55.110
Alaska Administrative Code › Title 15 - Revenue › Chapter 55 - Oil and Gas Production Tax and Oil Surcharge › Article 5 - Payments and Reporting › 15 AAC 55.511 - Installment payments of estimated tax for oil and gas produced after June 30, 2007 and before January 1 2022

Current through May 31, 2024
(a) For purposes of
				the calculations described in
				AS
				43.55.020(a)(1)(A)(ii) and
				(5)(A)(ii) for oil and gas produced after
				June 30, 2007, the gross value at the point of production of the oil and gas
				produced and the deductible adjusted lease expenditures are calculated only for
				oil and gas taxable under
				AS
				43.55.011(e) and not subject
				to
				AS
				43.55.011(f), (o), or
				(p).
(b) For purposes of the calculations
				described in
				AS
				43.55.020(a)(1)(B)(ii) and
				(5)(B)(ii) for oil and gas produced after
				June 30, 2007,
(1) the gross value at the
				point of production of the oil and gas produced is calculated only for oil and
				gas taxable under
				AS
				43.55.011(e), subject to
				AS
				43.55.011(f), and not
				subject to
				AS
				43.55.011(o);
(2) the applicable percentage of the gross
				value at the point of production is determined under
				AS
				43.55.011(f) but
				substituting the phrase "the month for which the installment payment is
				calculated" for the phrase "the calendar year for which the tax is
				due";
(3) the average price per
				barrel for Alaska North Slope crude oil for sale on the United States West
				Coast during a month is equal to the average spot price for ANS at the United
				States West Coast during the month as calculated under
				15 AAC 55.171(m).
Alaska Administrative Code › Title 15 - Revenue › Chapter 55 - Oil and Gas Production Tax and Oil Surcharge › Article 5 - Payments and Reporting › 15 AAC 55.514 - Installment payments of estimated tax for oil and gas produced after December 31, 2021

Current through May 31, 2024
(a) For purposes of the calculations
				described in
				AS
				43.55.020(a)(7)(A)(ii) for
				oil produced after December 31, 2021,
(1) the
				gross value at the point of production of the oil produced is calculated only
				for oil taxable under
				AS
				43.55.011(e) and subject to
				AS 43.55.01 l(f)(2);
(2) the
				applicable percentage of the gross value at the point of production is
				determined under
				AS
				43.55.011(f)(2) but
				substituting the phrase "the month for which the installment payment is
				calculated" for the phrase "the calendar year for which the tax is
				due".
Alaska Administrative Code › Title 15 - Revenue › Chapter 55 - Oil and Gas Production Tax and Oil Surcharge › Article 5 - Payments and Reporting › 15 AAC 55.520 - Monthly filings

Current through May 31, 2024
(a) For each month
				for which a producer is required to make an installment payment of estimated
				tax under AS 43.55.02Qfa)(3), (5), or (7), a surcharge under
				AS
				43.55.201, or a surcharge under
				AS
				43.55.300, the producer or the person paying
				on behalf of the producer shall provide to the department with the payment a
				remittance advice identifying the producer, the amount and type of the payment,
				and the month and calendar year of production for which the payment is made. If
				a single payment combining amounts due under two or more of the provisions
				referenced in this subsection is made for a month, the remittance advice must
				state the respective amount paid under each provision. In the absence of the
				pertinent information required by this subsection, the department will treat a
				payment received as an installment payment of estimated tax due under
				AS
				43.55.020(a) f5) or (7), as
				applicable, and
				AS
				43.55.020(a)(3) on the last
				day of the month before the month in which the payment is made.
(b) An operator of a lease or property in the
				state from which oil or gas is produced during a month shall submit to the
				department no later than the last day of the following month
(1) the production off take schedule and the
				operator's supporting documentation for the month of production for the lease
				or property;
(2) the information
				described in
				15 AAC 55.021(a), if applicable;
(3) a report of any unscheduled interruption
				of, or reduction in the rate of, oil or gas production during the month;
				and
(4) in the case of a lease or
				property that is a participating area subject to
				AS
				43.55.160(f)(3) and with
				respect to which the department has accepted a methodology under
				15 AAC 55.212(f) (1), documentation of
(A) the amounts of oil and gas metered for
				the month in accordance with
				15 AAC 55.213(b) (1), (2), (3), or (4), as
				applicable; and
(B) if performed by
				the operator, the exclusions, adjustments, and other calculations required
				under
				15 AAC 55.213(d) - (h).
Alaska Administrative Code › Title 15 - Revenue › Chapter 55 - Oil and Gas Production Tax and Oil Surcharge › Article 6 - General Provisions › 15 AAC 55.800 - Retroactive application of regulations

Current through May 31, 2024
(a) Except as
				otherwise provided in this section, the following provisions apply
				retroactively to April 1, 2006, to oil and gas produced after March 31, 2006:
(1)15 AAC 55.192;
(2) Repealed 9/20/2020;
(3)15 AAC 55.215, except changes to
				15 AAC 55.215(d) and (e), effective December
				6, 2018 apply retroactively to January 1, 2013 and except for the amendments
				effective January 1, 2022;
(4)
				Repealed 9/20/2020.;
(5)15 AAC 55.245, as amended effective December 4,
				2010;
(6) Repealed
				9/20/2020.;
(7)15 AAC 55.275, except for the amendments effective January 1,
				2022;;
(8)15 AAC 55.280, as repealed and readopted effective December
				4, 2010;
(9)15 AAC 55.290 - (a),
				15 AAC 55.290 -
				15 AAC 55.315(a), except
				15 AAC 55.305(a) and (c) and
				15 AAC 55.315(a), as amended effective
				January 1, 2018, apply retroactively to July 28, 2017.
(10)15 AAC 55.335 -
				15 AAC 55.337;
(11)15 AAC 55.345 -
				15 AAC 55.351 except
				15 AAC 55.351(d) as amended effective
				March 1, 2017; and as amended effective January 1, 2018, and
				15 AAC 55.351(e) as adopted effective
				March 1, 2017;
(12)15 AAC 55.370 -
				15 AAC 55.375 except
				15 AAC 55.370(c), (d), and (e) as
				amended effective January 1, 2018j apply retroactively to July 28, 2017, and
				15 AAC 55.375(a) and (c), as amended
				effective March 1, 2017;
(13)15 AAC 55.410, except
				15 AAC 55.410(c), as amended effective
				March 1,2017 and except as amended effective January 1, 2022:
(14) repealed 9/20/2020;
(15) repealed 9/20/2020;
(16)15 AAC 55.440;
(17) repealed 9/20/2020;
(18)15 AAC 55.810;
(19)15 AAC 55.850;
(20)15 AAC 55.900(a) (21) - (26) and (b)(21)
				- (25).
Alaska Administrative Code › Title 15 - Revenue › Chapter 55 - Oil and Gas Production Tax and Oil Surcharge › Article 6 - General Provisions › 15 AAC 55.810 - Heating value of gas

Current through May 31, 2024
(a) Except as provided in (c) of this
				section, the heating value of gas is determined by
(1) calculating the total or gross BTUs
				produced
(A) by the combustion, at constant
				pressure, of the amount of the gas that would occupy a volume of one cubic foot
				of space at a temperature of 60 degrees Fahrenheit, when the gas is
(i) saturated with water vapor and under a
				pressure equivalent to that of 14.73 pounds per square inch absolute;
				and
(ii) under standard
				gravitational force with air of the same temperature and pressure as the gas;
				and
Alaska Administrative Code › Title 15 - Revenue › Chapter 55 - Oil and Gas Production Tax and Oil Surcharge › Article 6 - General Provisions › 15 AAC 55.815 - Lease or property

Current through May 31, 2024
Except as otherwise provided under
				  15 AAC 55.206(d)
				  - (f), and for purposes of AS 43.55 and this chapter, each of the following is
				  a single lease or property:
(1) a
				participating area established in a unit under regulations of the Department of
				Natural Resources adopted under
				AS
				38.05.180(p) or under
				regulations of the United States Department of the Interior adopted under
				30 U.S.C.
				226(m) (Mineral Leasing Act
				of 1920) or 42 U.S.C.
				6506 a(j) (Naval Petroleum Reserves
				Production Act of 1976), except that if separate participating areas have been
				established to distinguish between an oil rim and a gas cap within the same
				reservoir, both participating areas together are a single lease or
				property;
(2) a unit that is not
				subject to a cooperative or a unit plan of development or operation under
				AS
				38.05.180(p),
				30 U.S.C.
				226(m) (Mineral Leasing Act
				of 1920), or 42 U.S.C.
				6506 a(j) (Naval Petroleum Reserves
				Production Act of 1976);
(3) a
				group of oil and gas leases, unleased tracts of land, or portions of oil and
				gas leases or unleased tracts of land that
(A)
				are pooled under a communitization or drilling agreement approved by the
				commissioner of natural resources under
				AS
				38.05.180(s) or by the
				United States Secretary of the Interior under
				30 U.S.C.
				226(m) (Mineral Leasing Act
				of 1920) or 42 U.S.C.
				6506 a(j) (Naval Petroleum Reserves
				Production Act of 1976), or the interests in which are pooled under
				AS
				31.05.100(c); and
(B) are outside a unit;
Alaska Administrative Code › Title 15 - Revenue › Chapter 55 - Oil and Gas Production Tax and Oil Surcharge › Article 6 - General Provisions › 15 AAC 55.820 - Retroactive changes (Repealed)

Current through May 31, 2024
The subject matter of
					 15 AAC 55.820 was formerly located
					 at 15 AAC 55.200. The history note
					 for 15 AAC 55.820 does not reflect the
					 history of the earlier section.
For subject matter addressed in former
					 15 AAC 55.820, see
					 AS
					 43.55.075.
Alaska Administrative Code › Title 15 - Revenue › Chapter 55 - Oil and Gas Production Tax and Oil Surcharge › Article 6 - General Provisions › 15 AAC 55.830 - Interest

Current through May 31, 2024
(a) Interest on an underpayment of tax,
				including an underpayment of an installment payment of estimated tax, is
				calculated for the time beginning with and including the day after the tax is
				due, and to and including the day the unpaid amount due is paid.
(b) Interest with respect to an underpayment
				or overpayment of an installment payment of estimated tax under
				AS
				43.55.020(g) or (h) is
				subject to the following requirements:
(1)
				except as otherwise provided in (2)(A) of this subsection, and for purposes
				only of determining the applicable rate of interest to be applied during a
				month based on the size of an underpayment or overpayment of tax under
				26 U.S.C.
				6621 (Internal Revenue Code), as amended,
(A) the size of that underpayment or
				overpayment of tax is considered to be equal to the total net outstanding
				amount of underpayments or overpayments including outstanding accrued interest,
				as of the end of
(i) the last day of the
				previous month; or
(ii) if the last
				day of the previous month is a Saturday, Sunday, or legal holiday as described
				in 15 AAC 05.310(h),
				the next succeeding day that is not a Saturday, Sunday, or legal
				holiday;
Alaska Administrative Code › Title 15 - Revenue › Chapter 55 - Oil and Gas Production Tax and Oil Surcharge › Article 6 - General Provisions › 15 AAC 55.850 - Calculation of average daily production

Current through May 31, 2024
(a) For purposes of
				AS
				43.55.024(c) and
				43.55.028(e)(4),
				a producer's average daily production of oil and gas during a calendar year is
				calculated by dividing the total amount of oil and gas, in BTU equivalent
				barrels, produced by the producer from all leases or properties in the state
				during the calendar year and taxable under
				AS
				43.55.011(e), by the total
				number of days in the calendar year. However, if a producer
(1) did not have commercial production of oil
				or gas from a lease or property in the state before January 2 of the calendar
				year, the number of days counted as the denominator in that calculation does
				not include days in the calendar year before the producer commenced commercial
				production;
(2) ceases all
				commercial production of oil and gas from leases or properties in the state on
				or before December 31 of the calendar year, the number of days counted as the
				denominator in that calculation does not include days in the calendar year
				after and including the date the producer ceases commercial
				production.
Alaska Administrative Code › Title 15 - Revenue › Chapter 55 - Oil and Gas Production Tax and Oil Surcharge › Article 6 - General Provisions › 15 AAC 55.860 - Unitary rounding

Current through May 31, 2024
Unless otherwise specified, units must be rounded as
				  follows:
(1) dollar amounts to the
				nearest dollar;
(2) barrel amounts
				to the nearest barrel;
(3) Mcf to
				the nearest Mcf;
(4) dollar per
				barrel amounts or dollars per Mcf amounts to the nearest 1/10 of a
				cent.
Authority:
AS
					 43.05.080
AS
					 43.55.110
Alaska Administrative Code › Title 15 - Revenue › Chapter 56 - Oil and Gas Exploration, Production and Pipeline Transportation Property Tax › 15 AAC 56.005 - Mandatory property statement

Current through May 31, 2024
(a) Unless the
			 deadline is extended under (c) of this section, a person owning property
			 taxable under AS 43.56 shall file an accurate and complete property statement
			 no later than January 15 of the tax year. The property statement must be in a
			 form prescribed by the department and must list all property that is taxable
			 under AS 43.56. The statement must be signed by the property owner under
			 penalty of perjury and must be filed with the director by personal delivery or
			 mail service or, if authorized in advance by the director, by facsimile
			 transmission or electronic mail.
(b) A property statement under this section
			 is a report or return for purposes of AS 43.05 and 15 AAC 05. Failure of the
			 department to request or secure a property statement under this section does
			 not render an assessment invalid or relieve the property owner from the
			 obligation to file the statement or pay any taxes due.
(c) The director may, on a case by case
			 basis, extend the deadline for filing a property statement if the property
			 owner shows reasonable cause for the extension as provided in
			 15 AAC 05.200. To request an
			 extension of time to file a property statement, a property owner must file a
			 request for an extension with the department in writing or by electronic mail
			 no later than January 15 of the tax year for which the statement is due,
			 setting out a full statement of the reasons why an extension is necessary. If
			 an extension is granted, the property statement must be filed before the
			 extended period expires.
(d) A
			 property statement under this section is subject to investigation and amendment
			 for three years after the date it was filed. In the case of failure to file a
			 property statement, the property is subject to investigation and assessment at
			 any time.
(e) A property statement
			 is inaccurate or incomplete if it
(1) fails to
			 report all taxable property;
(2)
			 reports property in such a way that the department is unable to determine if
			 all taxable property has been accurately reported;
(3) fails to provide accurate information on
			 the property's age, use, location, or value; or
(4) contains any other error or
			 inaccuracy.
Alaska Administrative Code › Title 15 - Revenue › Chapter 56 - Oil and Gas Exploration, Production and Pipeline Transportation Property Tax › 15 AAC 56.010 - Notice of assessment

Current through May 31, 2024
(a) The department will send a notice of
			 assessment to the owner of taxable property no later than March 1 of the tax
			 year. A notice of assessment will state
(1)
			 the name and address of the owner of the taxable property;
(2) a brief description of the property;
			 and
(3) the assessed
			 valuation.
Alaska Administrative Code › Title 15 - Revenue › Chapter 56 - Oil and Gas Exploration, Production and Pipeline Transportation Property Tax › 15 AAC 56.020 - Appeal to the department

Current through May 31, 2024
(a) An owner of
			 taxable property or a municipality receiving a notice of assessment may object
			 to the assessed value of the property by filing a written appeal with the
			 department no later than 20 days after the effective date of the notice of
			 assessment. The appeal must be signed by the appealing party or the party's
			 authorized representative and must state
(1)
			 the identity of the appealing party;
(2) the name and address of each owner of the
			 assessed property;
(3) a brief
			 description of the property and its physical location as of January 1 of the
			 tax year;
(4) all objections to the
			 assessment, the grounds for each objection, a brief summary of the facts
			 relating to each objection, and the generally accepted appraisal principles
			 that support each objection; and
(5) the appealing party's opinion as to the
			 full and true value of the property and the basis for that opinion.
Alaska Administrative Code › Title 15 - Revenue › Chapter 56 - Oil and Gas Exploration, Production and Pipeline Transportation Property Tax › 15 AAC 56.030 - Appeal to the state assessment review board

Current through May 31, 2024
(a) An
			 owner of the taxable property or a municipality that was a party in an appeal
			 under 15 AAC 56.020 and was adversely
			 affected by the informal conference decision issued under
			 15 AAC 56.020(c)
			 may appeal that decision to the board by filing an appeal with the board in
			 writing no later than 50 days after the effective date of the notice of
			 assessment. The appeal must be signed by the appealing party or the party's
			 authorized representative and must state
(1)
			 the identity of the appealing party;
(2) the date and number of the informal
			 conference decision being appealed;
(3) the name and address of each owner of the
			 taxable property;
(4) a brief
			 description of the property and its physical location as of January 1 of the
			 tax year;
(5) all objections to the
			 assessment, the grounds for each objection, a brief summary of the facts
			 relating to each objection, and the generally accepted appraisal principles
			 that support each objection; and
(6) the appealing party's opinion as to the
			 full and true value of the property and the basis for that opinion.
Alaska Administrative Code › Title 15 - Revenue › Chapter 56 - Oil and Gas Exploration, Production and Pipeline Transportation Property Tax › 15 AAC 56.040 - Hearings of the state assessment review board

Current through May 31, 2024
(a) Any three
			 members of the board constitute a quorum for the transaction of all business
			 and duties of the board. A quorum of the board members must be present in order
			 to hear an appeal. The board may grant or deny an appeal, in whole or in part,
			 by the majority vote of the members present at the appeal hearing.
(b) A board-elected chairperson, or the
			 chairperson's designee, shall preside at the hearing. The chairperson may
			 administer oaths, subpoena witnesses, and rule on the admissibility of
			 evidence. The chairperson may exercise control over the proceedings as
			 necessary to establish the order, time, and presentation of arguments and
			 evidence by each party.
(c) A
			 member of the board must inform the board at the commencement of the hearing of
			 any possible conflict of interest the member may have. A board member must
			 voluntarily withdraw from hearing an appeal when the member believes a conflict
			 of interest prevents the member from participating in a fair and impartial
			 manner. A party may request that a board member be disqualified from hearing an
			 appeal on grounds that, due to a conflict of interest the member may have, a
			 fair and impartial hearing cannot be accorded if the member is allowed to
			 participate. Upon a request for disqualification, the other board members shall
			 vote upon whether the member should be disqualified from participating in an
			 appeal due to a conflict of interest.
(d) At any time after commencement of a
			 hearing, the board may, on motion by the department, other party to the appeal,
			 or on its own motion, grant a stay or continuance of the hearing to provide
			 additional time to obtain information necessary to resolve the issues on appeal
			 or for other good reason.
(e) In a
			 hearing under this section
(1) relaxed rules
			 of evidence apply;
(2) each party
			 may present oral and written statements, call witnesses, and, subject to (4)
			 and (5) of this subsection, introduce relevant documents and material into the
			 record;
(3) witnesses will be
			 required to testify under oath;
(4)
			 documents and other evidence that were submitted to the board and other parties
			 before the hearing under a prehearing order are admissible if they are relevant
			 to the issues on appeal;
(5)
			 documentary evidence that was not submitted to the board and the other parties
			 before the hearing as required by a prehearing order may not be presented for
			 the first time at the hearing unless
(A) the
			 board grants permission after the party offering the evidence has shown
			 reasonable cause for not complying with the prehearing order as provided in
			 15 AAC 05.200; and
(B) the party offering the evidence has
			 provided the board and all parties with adequate opportunity to examine the
			 documents.
Alaska Administrative Code › Title 15 - Revenue › Chapter 56 - Oil and Gas Exploration, Production and Pipeline Transportation Property Tax › 15 AAC 56.042 - Effect of certification

Current through May 31, 2024
No later than June 1 of each year the department will certify
				the assessment roll for the tax year. By certifying the assessment roll, the
				department verifies that it has prepared the assessment roll in the manner
				required by law and, based on the best information available to the department,
				the assessed values represent the department's determination of the full and
				true value of the listed property as of January 1 of the tax year. A certified
				assessment roll is subject to supplementation, correction, and amendment within
				the period provided in
				AS
				43.05.260.
Authority:
AS
				  43.05.010
AS 43.05.080
AS 43.05.260
AS 43.56.060
AS 43.56.080
AS 43.56.135
AS 43.56.140
AS
				  43.56.200
Alaska Administrative Code › Title 15 - Revenue › Chapter 56 - Oil and Gas Exploration, Production and Pipeline Transportation Property Tax › 15 AAC 56.043 - Investigations

Current through May 31, 2024
(a) Subject to the limitations period
			 provided in
			 AS
			 43.05.260 and regardless of whether the
			 property was previously assessed, a previous assessment of the property was
			 certified under
			 AS
			 43.56.135, or an investigation was previously
			 conducted, the department may at any time
(1)
			 investigate AS 43.56 property and property statements;
(2) correct, supplement, and amend an
			 assessment under this chapter; and
(3) issue a supplementary or amended
			 assessment to assess the property for the tax imposed under
			 AS
			 43.56.010.
Alaska Administrative Code › Title 15 - Revenue › Chapter 56 - Oil and Gas Exploration, Production and Pipeline Transportation Property Tax › 15 AAC 56.045 - Supplementary and amended assessments

Current through May 31, 2024
(a) Subject to the
			 limitations period provided in
			 AS
			 43.05.260, the department may issue a
			 supplementary or amended assessment roll to assess the amount of tax imposed
			 under AS
			 43.56.010 at any time.
(b) A supplementary or amended assessment may
			 result in increases or decreases in the assessed values reported on an original
			 assessment roll due to
(1) assessment of
			 property or property value that was omitted from a previous assessment roll;
			 or
(2) correction of an error,
			 whether the error was made by the property owner, the department, or
			 otherwise.
Alaska Administrative Code › Title 15 - Revenue › Chapter 56 - Oil and Gas Exploration, Production and Pipeline Transportation Property Tax › 15 AAC 56.047 - Appeal of supplementary and amended assessments

Current through May 31, 2024
(a) A property
			 owner or municipality that receives a notice of supplementary or amended
			 assessment may object to the assessed value of the property by filing a written
			 appeal with the department no later than 20 days after the effective date of
			 the notice of supplementary or amended assessment in the same manner as
			 provided for an appeal from a notice of assessment under
			 15 AAC 56.020(a).
(b) Upon receipt of a timely filed appeal
			 under (a) of this section, the department will send notice as provided in
			 15 AAC 56.020(b)
			 for appeal from a notice of assessment. A property owner or municipality that
			 receives written notice under this subsection will be considered a party to the
			 appeal for purposes of appealing to the board.
(c) On appeal the department may consider all
			 issues related to the full and true value of the property and is not limited by
			 the issues raised in the appeal. The department will issue an informal
			 conference decision as provided under
			 15 AAC 56.020(c).
			 The department will mail a copy of the informal conference decision to the
			 appellant no later than 30 days after the effective date of the supplementary
			 or amended notice of assessment. The department will mail a notice of the
			 decision to each other party to the appeal stating whether there has been a
			 change in the assessment.
(d) An
			 owner of taxable property or a municipality that was a party in an appeal under
			 (a) - (c) of this section and was adversely affected by the informal conference
			 decision may appeal from that decision to the board by filing an appeal with
			 the board in writing no later than 50 days after the effective date of the
			 notice of supplementary or amended assessment and providing the information
			 required in
			 15 AAC 56.030(a).
(e) Upon receipt of a timely filed appeal
			 from an owner of taxable property, the board will send notice and a copy of the
			 appeal to each municipality in which the taxable property is located. Upon
			 receipt of a timely filed appeal from a municipality, the board will send
			 notice and a copy of the appeal to each owner of the taxable
			 property.
(f) A party may
			 cross-appeal or intervene as provided in
			 15 AAC 56.030(c).
(g) The board will schedule a hearing on the
			 appeal at its next regularly scheduled meeting, but no later than May 30 of the
			 tax year in which the notice of supplementary or amended assessment is issued,
			 or May 30 of the following year if the notice is issued after March
			 1.
(h) Except as otherwise provided
			 in this section, the notice and appeal procedures applicable to a notice of
			 assessment under
			 15 AAC 56.030 and
			 15 AAC 56.040 apply to a notice of
			 supplementary or amended assessment.
Authority:
AS
				  43.05.010
AS 43.05.080
AS 43.05.260
AS 43.56.110
AS 43.56.120
AS 43.56.130
AS 43.56.140
AS
				  43.56.200