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.
|
(a) The amount of royalty for a lease or property in the state that is paid during a year by or for a taxpayer is a deduction for purposes of determining the taxpayer's taxable production income for that year.
(b) The value at the point of production (determined on the basis of the value at the point of production for the taxpayer's production interest at the time when the royalty is delivered) of royalty for a lease or property in the state that is delivered in kind by or for a taxpayer during a year is a deduction for purposes of determining the taxpayer's taxable production income for that year.
History: Eff. 2/22/79, Register 69
Authority: AS 43.05.080
Art. IV, § 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