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 […]
Sec. 27.21.998. Definitions.
In this chapter, (1) “alluvial valley floors” means the unconsolidated stream-laid deposits holding streams where water availability is sufficient for subirrigation or flood irrigation agricultural activities but does not include upland areas that are generally overlain by a thin veneer of colluvial deposits composed chiefly of debris from sheet erosion, deposits by unconcentrated runoff or […]
Sec. 27.21.999. Short title.
This chapter may be cited as the Alaska Surface Coal Mining Control and Reclamation Act.
Sec. 27.22.010. Discovery and production bonus.
(a) To stimulate prospecting for, discovery of, and production from new domestic mineral-bearing deposits, and in the interest of the general industrial development of the state, the commissioner shall, upon sufficient proof, pay a bonus of $10,000 to a person or persons, partnership, company, or corporation that discovers and produces ore in Alaska under the […]
Sec. 27.22.020. Amount of production.
The bonus will be paid, not for discovery alone, but only in connection with the delivery and sale to a bona fide purchaser of the first unit shipment of ore or concentrate with a gross market value of $100,000 or more substantiated by affidavit showing completion of sale and receipt of money, gross or net, […]
Sec. 27.22.030. Eligibility to claim bonus.
A person of legal age and a citizen of the United States or a partnership, company, or corporation of citizens legally authorized to operate in the state may claim the bonus offered in this chapter.