Made available by
Touch N' Go Systems, Inc., and the
Law Offices of James B. Gottstein.
You can also go to The Alaska Legal Resource Center or search the entire website search.
For a taxpayer's gas, the prevailing value for purposes of this chapter is
(1) the volume-weighted average of the prices received under the terms of sales contracts for significant quantities which have been entered into or whose pricing provisions have been amended during the tax year or the two preceding years at the sales delivery points within the same market for that production by the taxpayer in arm's-length sales transactions for like kind, character, and quality Alaskan gas produced during the month; or
(2) if the taxpayer makes no arm's-length sales of significant quantities at the sales delivery points within the same market for like kind, character, and quality Alaskan gas produced during the month, the volume-weighted average of the prices under the terms of arm's-length sales contracts for significant quantities of gas from the same field as the taxpayer's gas (whether between third parties or not) which were entered into or the pricing provisions of which were amended during the tax year or the two preceding years (or if there are no contracts which comply with this paragraph for that field, contracts which comply with this paragraph in the nearest field to that field), with appropriate adjustments for differences, if any, in kind, character, and quality between gas sold under the reference sales contracts and the taxpayer's gas.
History: Eff. 5/21/81, Register 78
Authority: AS 43.05.080
Art. IV, Â§ 18
Note to HTML Version:
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