Sec. 27.22.050. Notice of discovery and production; action of the commissioner.
(a) Notice of the discovery of a mineral deposit and production from it believed to meet the requirements of this chapter shall be forwarded to the commissioner by registered letter together with (1) a brief description of the size, location, and date of discovery of the deposit, including the number, size, and location of mining […]
Sec. 27.22.060. Definitions.
In this chapter, (1) “commissioner” means the commissioner of natural resources; (2) “domestic” means within the confines of the state.
Sec. 27.30.010. Exploration incentive credits authorized.
(a) The commissioner shall grant to a person described in (d) of this section an exploration incentive credit for the eligible costs of each of the following exploration activities that are performed on or for the benefit of land in the state for the purpose of determining the existence, location, extent, or quality of a […]
Sec. 27.30.020. Procedure for requesting and taking the credit.
To obtain the credit authorized by this chapter, (1) a person shall submit a request for the credit as follows: (A) the person may submit a request and a statement of expenditures (i) whenever the amount of credit certified in the request totals at least $250,000 and the period covered is at least one year; […]
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 […]