Alaska Statutes Title 43, Chapter 43.55, Article 01 - Oil and Gas Production Tax

• Sec. 43.55.010 Gross Production Tax. [Repealed, Sec. 9 Ch 136 Sla 1977].
  Repealed or Renumbered
• Sec. 43.55.011 Oil and Gas Production Tax.
  (a) [Repealed, Sec. 34 ch 2 TSSLA 2006]. (b) [Repealed, Sec. 34 ch 2 TSSLA 2006]. (c) [Repealed, Sec. 34 ch 2 TSSLA 2006]....
• Sec. 43.55.012 Adjustment in Tax Rates. [Repealed, Sec. 34 Ch 2 Tssla 2006].
  Repealed or Renumbered
• Sec. 43.55.013 Economic Limit Factor. [Repealed, Sec. 34 Ch 2 Tssla 2006].
  Repealed or Renumbered
• Sec. 43.55.014 Payment in Gas of Tax for Gas.
  (a) For gas produced on and after January 1, 2022, other than gas described in (e) of this section, the department shall allow a...
• Sec. 43.55.015 Tax Per Barrel of Oil. [Repealed, Sec. 9 Ch 136 Sla 1977].
  Repealed or Renumbered
• Sec. 43.55.016 Gas Production Tax. [Repealed, Sec. 34 Ch 2 Tssla 2006].
  Repealed or Renumbered
• Sec. 43.55.017 Relation to Other Taxes.
  (a) Except as provided in this chapter, the taxes imposed by this chapter are in place of all taxes now imposed by the state...
• Sec. 43.55.018 Credit Against Tax. [Repealed, Sec. 18 Ch 116 Sla 1981].
  Repealed or Renumbered
• Sec. 43.55.019 Oil or Gas Producer Education Credit.
  (a) A producer of oil or gas is allowed a credit against the tax levied by AS 43.55.011 (e) for cash contributions accepted for(1)...
• Sec. 43.55.020 Payment of Tax.
  (a) For a calendar year, a producer subject to tax under AS 43.55.011 shall pay the tax as follows:(1) for oil and gas produced...
• Sec. 43.55.021 Alaska Veterans' Memorial Endowment Fund Contribution Credit. [Repealed, Sec. 25 Ch 46 Sla 2002].
  Repealed or Renumbered
• Sec. 43.55.023 Tax Credits for Certain Losses and Expenditures.
  (a) A producer or explorer may take a tax credit for a qualified capital expenditure as follows:(1) notwithstanding that a qualified capital expenditure may...
• Sec. 43.55.024 Additional Nontransferable Tax Credits.
  (a) For a calendar year for which a producer's tax liability under AS 43.55.011 (e) on oil and gas produced from leases or properties...
• Sec. 43.55.025 Alternative Tax Credit for Oil and Gas Exploration.
  (a) Subject to the terms and conditions of this section, a credit against the production tax levied by AS 43.55.011 (e) is allowed for...
• Sec. 43.55.028 Oil and Gas Tax Credit Fund Established; Cash Purchases of Tax Credit Certificates.
  (a) The oil and gas tax credit fund is established as a separate fund of the state. The purpose of the fund is to...
• Sec. 43.55.029 Assignment of Tax Credit Certificate.
  (a) An explorer or producer that has applied for a production tax credit under AS 43.55.023 (a), (b), or (l) or 43.55.025(a) may make...
• Sec. 43.55.030 Filing of Statements.
  (a) A producer that produces oil or gas from a lease or property in the state during a calendar year, whether or not any...
• Sec. 43.55.040 Powers of Department of Revenue.
  Except as provided in AS 43.05.405 - 43.05.499, the department may(1) require a person engaged in production and the agent or employee of the...
• Sec. 43.55.050 Incorrect Returns.
  The department may determine whether or not a return required by this chapter to be filed with it is correct. If a person makes...
• Sec. 43.55.060 Delinquency.
  When the tax provided for in this chapter becomes delinquent, it bears interest as provided in AS 43.05.225 (1). If any person fails to...
• Sec. 43.55.070 Lien for Tax. [Repealed, Sec. 4 Ch 94 Sla 1976. for Current Law, See As 43.10.035 ].
  
  Repealed or Renumbered
• 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...
• 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...
• 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. 43.55.100 Acceptance of Deductions. [Repealed, Sec. 15 Ch 101 Sla 1972].
  Repealed or Renumbered
• 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...
• Sec. 43.55.120 - 43.55.130. Noncompliance and False Reports. [Repealed, Sec. 46 Ch 113 Sla 1980. for Criminal Penalties, See As 43.05.290].
  Repealed or Renumbered
• 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...
• Sec. 43.55.140 [Renumbered As As 43.55.900 ].
  
  Repealed or Renumbered
• 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...
• 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...
• Sec. 43.55.165 Lease Expenditures.
  (a) Except as provided in (j) and (k) of this section, for purposes of this chapter, a producer's lease expenditures for a calendar year...
• 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...
• 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,...

Last modified: November 15, 2016