Alaska Statutes Title 43, Chapter 43.56 - Oil and Gas Exploration, Production, and Pipeline Transportation Property Taxes

• Sec. 43.56.010 Levy of Tax.
  (a) An annual tax of 20 mills is levied each tax year beginning January 1, 1974, on the full and true value of taxable...
• Sec. 43.56.018 Property Tax Education Credit.
  (a) The owner of property taxable under this chapter is allowed a credit against the tax due under this chapter for cash contributions accepted...
• Sec. 43.56.019 Alaska Veterans' Memorial Endowment Fund Contribution Credit. [Repealed, Sec. 25 Ch 46 Sla 2002].
  Repealed or Renumbered
• Sec. 43.56.020 Exemptions.
  (a) The following are exempt from local taxes levied or authorized under AS 43.56.010 (b):(1) property rights attached to or inherent in the right...
• Sec. 43.56.030 in Place of Other Taxes.
  Except for those taxes imposed under AS 43.55, the taxes levied or authorized under AS 43.56.010 (b) are in place of(1) all other ad...
• Sec. 43.56.040 State Assessment Review Board.
  The State Assessment Review Board is created within the department. The board consists of five persons appointed by the governor to serve at the...
• Sec. 43.56.050 Per Diem and Expenses.
  Members of the board shall receive per diem and expenses authorized by law for boards and commissions.
• Sec. 43.56.060 Assessment.
  (a) The department shall assess property for the tax levied under AS 43.56.010 (b) and AS 29.45.080 on property used or committed by contract...
• Sec. 43.56.070 Returns.
  (a) The department may require by notice every person having ownership or control of an interest in property taxable under this chapter to submit...
• Sec. 43.56.080 Investigation.
  (a) The department may make an investigation of property on which a return has been filed or of taxable property upon which no return...
• Sec. 43.56.090 Assessment Roll.
  The department shall prepare annually the assessment roll for taxation under this chapter. The roll must contain:(1) a description of all taxable property;(2) the...
• Sec. 43.56.100 Assessment Notice.
  (a) On or before March 1 of each year, the department shall send to every owner of taxable property named in the assessment roll...
• Sec. 43.56.110 Appeal to the Department.
  (a) An owner of taxable property or a municipality receiving an assessment notice may object to the assessment by advising the department in writing...
• Sec. 43.56.120 Appeal to the Board.
  (a) After a ruling by the department on an appeal made under AS 43.56.110, the owner or a municipality may further appeal to the...
• Sec. 43.56.130 Hearings of the Board.
  (a) The board shall hear appeals filed under AS 43.56.120 (a).(b) A majority of the board constitutes a quorum required to transact business.(c) The...
• Sec. 43.56.135 Certification.
  No later than June 1 of each year, the department shall certify the final assessment roll and mail to the owner of the taxable...
• Sec. 43.56.140 Supplementary Assessment Rolls.
  The department shall include property omitted from the assessment roll on a supplementary roll, using the procedures set out in this chapter for the...
• Sec. 43.56.150 Collection and Deposit.
  (a) The tax levied by AS 43.56.010 (a) is payable to the department on or before June 30 of the taxable year.(b) The department...
• Sec. 43.56.160 Interest and Penalty.
  When the tax levied by AS 43.56.010 (a) becomes delinquent, a penalty of 10 percent shall be added. Before January 1, 2014, interest on...
• Sec. 43.56.170 Lien for Tax. [Repealed, Sec. 4 Ch 84 Sla 1976. for Current Law, See As 43.10.035 ].
  
  Repealed or Renumbered
• Sec. 43.56.180 Remedy.
  The remedy of distraint of property set out in AS 43.20.270 applies to the tax levied by AS 43.56.010 (a). However, only property subject...
• Sec. 43.56.190 Penalties. [Repealed, Sec. 46 Ch 113 Sla 1980. for Current Law, See As 43.05.290 ].
  
  Repealed or Renumbered
• Sec. 43.56.200 Regulations.
  The board and the department may adopt regulations under AS 44.62 (Administrative Procedure Act) as appropriate to carry out their respective duties under this
• Sec. 43.56.210 Definitions.
  In this chapter,(1) "board" means State Assessment Review Board;(2) "construction commencement date" means the earlier of April 1, 1974 or the date the following...

Last modified: November 15, 2016