Sec. 27.30.025. Conditional certification.
(a) A person may submit a request for conditional certification for the credit when (1) the person has conducted or intends to conduct exploration activities using an innovative technique; (2) there exists a substantial question regarding the nature of the exploration data that will be delivered to the department; or (3) the person contemplates assigning […]
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 […]
Sec. 27.21.975. Severability.
If any provision of this chapter or the applicability of it to any person or circumstances is held invalid, the remainder of this chapter and the application of that provision to other persons or circumstances is not affected.
Sec. 27.30.060. Assignment of credit.
A person may assign an exploration incentive credit to the person’s successor in interest for the mining operation at which the exploration activities occur, but only if the successor in interest is a person qualified to obtain the credit under AS 27.30.010(d). An exploration incentive credit may not be assigned except as permitted in this […]
Sec. 27.21.980. Administrative Procedure Act.
Unless otherwise provided in AS 44.37.011 or other law, AS 44.62 (Administrative Procedure Act) applies to this chapter.
Sec. 27.30.070. Responsibility for record of use of credit.
For each mining operation, the commissioner may require each person who proposes to take the credit under AS 27.30.020(2) to provide with the request to take the credit a record of (1) the person’s past use of credits taken under AS 27.30.020(2) and 27.30.030; and (2) other information that the commissioner requires to determine if […]