15 AAC 55.200. Retroactive adjustments

If retroactive adjustments in costs of transportation, sales price, prevailing value, or consideration for quality differentials relating to the commingling of oils or of oil and NGLs result from decisions of regulatory agencies, courts, or any other preemptive authority, those adjustments have a corresponding effect, either an increase or decrease as applicable, on the gross value at point of production as determined under this chapter, and the producer shall, on or before the third monthly payment due date specified in AS 43.55.020 (a) after any adjustment, file amended returns covering the entire period of an adjustment unless the producer has obtained a stay on that filing or payment, regardless of the pendency of appeals of those decisions.

History: Eff. 1/6/80, Register 73; am 1/1/2000, Register 152

Authority: AS 43.05.080

AS 43.55.020

AS 43.55.110

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