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Alaska Administrative Code
Title 15 . Revenue
Chapter 21 . Oil and Gas Corporate Income Tax

Chapter 21. Oil and Gas Corporate Income Tax

Section 1 . Findings of fact
Section 3 . Determinations based on findings of fact
Section 5 . Requirement of alternative allocation and apportionment method
Section 10 . Persons subject to this chapter
Section 20 . Taxpayers having income from other activities
Section 30 . Consolidated business
Section 40 . Attribution of income
Section 50 . Net taxable income
Section 60 . Surtax exemption
Section 65 . Tax rates
Section 70 . Treatment of net losses realized under this chapter
Section 80 . (Reserved)
Section 100 . Taxable production income
Section 110 . Gross production revenue
Section 120 . Value at the point of production
Section 122 . Sales price
Section 124 . Prevailing value for oil
Section 125 . Prevailing value for gas
Section 128 . Choice of methods for determining reasonable cost of transportation
Section 130 . Calculation of reasonable costs of transportation
Section 140 . Extraordinary production revenue (or loss)
Section 150 . (Reserved)
Section 200 . Deductions from gross production revenue - In general
Section 210 . Deduction for royalty
Section 215 . Deduction for Native corporation revenue sharing
Section 220 . Deduction for production taxes
Section 230 . Deduction for ad valorem taxes
Section 235 . Deduction for crude oil windfall profit tax
Section 240 . Deduction for direct operating costs
Section 250 . Deduction for acquisition costs
Section 260 . Deduction for development costs
Section 270 . Deduction for exploration costs
Section 280 . Deduction for uncapitalized interest
Section 290 . Deduction for general overhead and administrative expense
Section 300 . Taxable oil pipeline income
Section 310 . Operating revenues (oil pipelines)
Section 320 . Extraordinary operating revenues and losses (oil pipelines)
Section 330 . (Reserved)
Section 350 . Operating expenses (oil pipeline)
Section 360 . (Reserved)
Section 400 . Taxable gas pipeline income
Section 410 . Operating revenues (gas pipelines)
Section 420 . Extraordinary operating revenues and losses (gas pipelines)
Section 430 . (Reserved)
Section 450 . Operating expenses (gas pipelines)
Section 460 . (Reserved)
Section 500 . Taxable apportioned income
Section 510 . Apportionable income
Section 520 . Three-factor formula for apportionment
Section 530 . Property factor
Section 540 . Payroll factor
Section 550 . Sales factor
Section 560 . (Reserved)
Section 600 . General rule
Section 610 . Notice of commencement of taxable activity
Section 620 . Partial years
Section 630 . Expenses and net operating losses under the old tax
Section 640 . Installments under the old tax
Section 650 . Net operating loss carryovers from AS 43.2
Section 660 . Net operating loss carrybacks from AS 43.2
Section 670 . (Reserved)
Section 700 . Returns and assessments
Section 710 . Payments; installments
Section 720 . Refunds
Section 730 . Computation of interest
Section 740 . Civil penalties
Section 750 . Relief
Section 800 . Application to the 1978 tax year
Section 810 . Statute of limitations
Section 820 . Fiscal-year taxpayers
Section 830 . (Reserved)
Section 900 . Definitions
Section 9760 . (Repealed)
Section 9770 . (Repealed)
Section 9780 . (Repealed)
Section 9790 . (Repealed)

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The Alaska Administrative Code was automatically converted to HTML from a plain text format. Every effort has been made to ensure its accuracy, but neither Touch N' Go Systems nor the Law Offices of James B. Gottstein can be held responsible for any possible errors. This version of the Alaska Administrative Code is current through June, 2006.

If it is critical that the precise terms of the Alaska Administrative Code be known, it is recommended that more formal sources be consulted. Recent editions of the Alaska Administrative Journal may be obtained from the Alaska Lieutenant Governor's Office on the world wide web. If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful. Copyright 2006. Touch N' Go Systems, Inc. All Rights Reserved.

Last modified 7/05/2006