Sec. 27.30.080. Relationship to other funds.
Amounts due the permanent fund under AS 37.13.010 shall be calculated before the application of a credit extended under this chapter.
Sec. 27.30.090. Confidentiality of data.
(a) The commissioner shall keep the exploration activity data provided under AS 27.30.020 confidential for 36 months after receipt by the department. (b) The department is liable in damages to a person who provided the exploration activity data under AS 27.30.020 if the data is disclosed in violation of (a) of this section.
Sec. 27.30.095. Fees.
The commissioner may charge a fee for the direct costs incurred by the department and the Department of Revenue for evaluating or auditing an application to certify the credit authorized under AS 27.30.010, including the cost of contractors selected by the commissioner to assist in the evaluation or audit. The fee may not exceed (1) […]
Sec. 27.30.099. Definitions.
In this chapter, (1) “credit” means the exploration incentive credit for activities involving locatable and leasable mineral and coal deposits authorized by this chapter; (2) “eligible costs” means the costs incurred for activities in direct support of exploration activity conducted at the mining operation of the exploration activity for the purpose of determining the existence, […]
Sec. 27.40.010. Definitions.
In this title, unless the context otherwise requires, (1) “commissioner” means the commissioner of natural resources; (2) “department” means the Department of Natural Resources.
Sec. 27.30.030. Application of the credit.
(a) In a tax year or royalty payment period, subject to (c) of this section and the respective limitations of this subsection, the person may apply the credit, the taking of which was approved under AS 27.30.020(2), against (1) taxes payable by the person (A) under AS 43.65; application of the credit under this subparagraph […]
Sec. 27.21.960. Inconsistencies with federal act.
(a) A provision of this chapter that is inconsistent with the provisions of the Surface Mining Control and Reclamation Act of 1977 as determined by the Secretary of the United States Department of the Interior under 30 U.S.C. 1255(b) is invalid from the date of the secretary’s determination. (b) If a provision of the Surface […]
Sec. 27.30.040. Credit may be carried forward.
Except as its application is limited by AS 27.30.030 and 27.30.050, a portion of a credit that is not applied under AS 27.30.030 during a tax year or royalty payment period may be carried forward to and applied during a subsequent tax year or royalty payment period.
Sec. 27.21.970. Relationship to other laws.
(a) Nothing in this chapter abrogates or modifies the power of a state agency to enforce laws and regulations within its jurisdiction, except as specifically stated in this chapter and regulations adopted under it. The commissioner shall coordinate permitting procedures to prevent unnecessary duplication in permit review. (b) Surface coal mining operations for coal that […]
Sec. 27.30.050. Limit on application of credit.
An exploration incentive credit for a mining operation may not exceed $20,000,000 and must be applied within 15 tax years or royalty payment periods after the taking of the credit is approved under AS 27.30.020(2), but the tax years or royalty payment periods in which the credit is applied need not be (1) the tax […]