Sec. 43.55.075. Limitation on assessment and amended returns.
(a) Except as provided in AS 43.05.260(c), the amount of a tax imposed by this chapter must be assessed within six years after the return was filed. (b) A decision of a regulatory agency, court, or other body with authority to resolve disputes that results in a retroactive change to a lease expenditure, to an […]
Sec. 43.55.080. Collection and deposit of revenue.
Except as otherwise provided under art. IX, sec. 17, Constitution of the State of Alaska, the department shall deposit in the general fund the money collected by it under AS 43.55.011 – 43.55.180.
Sec. 43.55.090. Refunds.
In case of overpayment, duplicate payment or payment made in error, the department may refund the amount of the overpayment under AS 43.10.210.
Sec. 43.55.110. Administration.
(a) The department may adopt regulations for the purpose of making and filing reports required by this chapter and otherwise necessary to the enforcement of this chapter. (b) The department may require a sufficient bond from every person charged with the making and filing of reports and the payment of the tax. The bond shall […]
Sec. 43.55.135. Measurement.
For the purposes of AS 43.55.011 – 43.55.180, except as otherwise provided, oil is measured in terms of a “barrel of oil” and gas is measured in terms of a “cubic foot of gas.”
Sec. 43.55.150. Determination of gross value at the point of production.
(a) For the purposes of AS 43.55.011 – 43.55.180, the gross value at the point of production is calculated using the actual costs of transportation of the oil or gas, except when the (1) shipper of oil or gas is affiliated with the transportation carrier or with a person that owns an interest in the […]
Sec. 43.55.160. Determination of production tax value of oil and gas.
(a) For oil and gas produced before January 1, 2022, except as provided in (b), (f), and (g) of this section, for the purposes of (1) AS 43.55.011(e)(1) and (2), the annual production tax value of taxable oil, gas, or oil and gas produced during a calendar year in a category for which a separate […]
Sec. 43.55.165. Lease expenditures.
(a) For purposes of this chapter, a producer’s lease expenditures for a calendar year are (1) costs, other than items listed in (e) of this section, that are (A) incurred by the producer during the calendar year after March 31, 2006, to explore for, develop, or produce oil or gas deposits located within the producer’s […]
Sec. 43.55.170. Adjustments to lease expenditures.
(a) A producer’s lease expenditures under AS 43.55.165 must be adjusted by subtracting payments or credits, other than tax credits, received by the producer or by an operator acting for the producer for (1) the use by another person of a production facility in which the producer has an ownership interest or the management by […]
Sec. 43.55.180. Required report.
(a) The department shall study (1) the effects of the provisions of this chapter on oil and gas exploration, development, and production in the state, on investment expenditures for oil and gas exploration, development, and production in the state, on the entry of new producers into the oil and gas industry in the state, on […]