Alaska Administrative Code

(a) A producer or, under AS 43.55.160(d), an explorer shall calculate a single production tax value for a calendar year, under AS 43.55.160(a)(1), or, as applicable for each segment. (b) The provision of AS 43.55.160(b) that a production tax value may not be less than zero applie…

(a) An annual production tax value is not calculated under AS 43.55.160(a)(1) or (h) for oil or gas produced by a municipal entity that it does not sell to another party. The calculation of an annual production tax value under AS 43.55.160(a)(1) or (h) for oil or gas produced by …

Notes 15 AAC 55.210 Eff. 1/6/80, Register 73; repealed 1/1/95, Register 132 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be a…

(a)AS 43.55.160(f) and (g) apply only to oil and gas produced from a lease or property after December 31, 2013. (b) For purposes of AS 43.55.160(f)(1) and (g), a lease that includes land that was within a unit on January 1, 2003 is not considered to be a lease that was within tha…

(a) At any time (1) a producer may request in writing the department's determination for purposes of (A)AS 43.55.160(f)(1), or for purposes of AS 43.55.160(f)(1) and (g), that a specified lease or property from which the producer produces or plans to produce oil or gas does not c…

(a) This section sets out requirements that must be met by a methodology to be accepted by the department under 15 AAC 55.212(f) (1). (b) A methodology must provide for determining the amounts of oil and gas recovered each month from wells with producing intervals that are all wi…

(a) This section implements the time limits established by AS 43.55.160(f) and (g) for reductions under those provisions in the gross value at the point of production of oil and gas. (b) This subsection applies to (1) oil and gas that meet the criteria for a gross value reduction…

(a) For purposes of AS 43.55.160, a lease expenditure for a calendar year that is a cost of (1) exploring for, developing, or producing oil or gas deposits located within a lease or property is considered a lease expenditure applicable to (A) oil or gas produced from that lease o…

(a) This section applies to lease expenditures incurred after December 31, 2017, to explore for, develop, or produce oil or gas deposits located outside the Cook Inlet sedimentary basin. (b) For carried-forward annual losses for a segment under 15 AAC 55.206(c)(1) and (3), the ad…

Notes 15 AAC 55.220 Eff. 1/1/2004, Register 168; repealed 5/3/2007, Register 182 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will…

Notes 15 AAC 55.223 Eff. 5/3/2007, Register 182; am 10/21/2009, Register 192 ; repealed 9/20/2020,Register 235, October 2020 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quar…

(a) For purposes of the calculations required under (d), (e), or (f) of this section, in calculating an annual production tax value for a segment described in 15 AAC 55.206(c)(1)(C), (D), (E), or (F), a producer shall deduct applicable adjusted lease expenditures for the calendar…

Notes 15 AAC 55.225 Eff. 1/1/2004, Register 168; repealed 5/3/2007, Register 182 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will…

Notes 15 AAC 55.230 Eff. 1/1/2004, Register 168; repealed 5/3/2007, Register 182 The subject matter of 15 AAC 55.230 has been relocated to 15 AAC 55.360. State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most rece…

Notes 15 AAC 55.235 Eff. 1/1/2004, Register 168; repealed 5/3/2007, Register 182 The subject matter of 15 AAC 55.235 has been relocated to 15 AAC 55.365. State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most rece…

Notes 15 AAC 55.240 Eff. 1/1/2004, Register 168; repealed 5/3/2007, Register 182 The subject matter of 15 AAC 55.240 has been relocated to 15 AAC 55.370. State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most rece…

(a) Repealed 12/4/2010. (b) Repealed 12/4/2010. (c) Repealed 12/4/2010. (d) The department will not approve or require use of operating agreements under former AS 43.55.165(c) or (d). Notes 15 AAC 55.245 Eff. 5/3/2007, Register 182; am 12/4/2010, Register 196 Authority:AS 43.05.0…

(a) Repealed 9/20/2020. (b) Costs incurred after June 30, 2007, satisfy the requirements established in AS 43.55.165(a)(1)(B), as enacted by sec. 58, ch. 1, SSSLA 2007, only if they are (1) direct charges under 15 AAC 55.260 incurred for an activity or purpose described in (c) of…

(a) Except as limited by (d) and (e) of this section, direct charges for purposes of 15 AAC 55.250(b) are (1) costs paid to real property owners to acquire surface rights in real property located in the vicinity of oil or gas exploration, development, or production operations, an…

Notes 15 AAC 55.270 Eff. 5/3/2007, Register 182; am 2/27/2010, Register 193; am 12/4/2010, Register 196; repealed 9/20/2020,Register 235, October 2020 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent …

(a) For purposes of AS 43.55.165(a)(2), as repealed and reenacted by sec. 58, ch. 1, SSSLA 2007, a reasonable allowance for the calendar year for a producer's or explorer's overhead expenses directly related to exploring for, developing, or producing oil or gas deposits located w…

(a) The portion of a producer's expenditures incurred during a calendar year before 2022 that is excluded under AS 43.55.165(e)(18) is calculated separately for each segment under 15 AAC 55.206. Subject to prorating for only a portion of a calendar year as provided under AS 43.55…

(a) In adjusting a producer's or explorer's lease expenditures for the receipt of a payment or credit for the sale or other transfer of an asset under AS 43.55.170(a)(3)(A), if the acquisition cost of the asset was incurred during a calendar year for which a portion of the produc…

(a) Unless otherwise provided under (c) of this section, for purposes of AS 43.55.165 and this chapter, a cost incurred by a producer or explorer is incurred during the calendar year (1) for which the operator of a lease or property bills the producer for the cost, if (A) the cos…

(a) A producer may apply a tax credit as allowed by law only against the specified type of tax liability. A producer may not apply a tax credit against a penalty or interest, except for as provided in (c) of this section for interest associated with an additional amount of tax du…

For purposes of AS 43.55.023(a), (n), and (o), if an expenditure incurred by a producer or explorer during a calendar year is an outlay for work-in-progress with respect to an asset the cost of which is treated as a capitalized expenditure under 26 U.S.C. (Internal Revenue Code),…

(a) Except as provided in 15 AAC 55.305, a carried-forward annual loss tax credit under AS 43.55.023(b), as the provisions of that subsection read before January 1, 2018, may not be applied against a tax liability for the calendar year in which the adjusted lease expenditures on …

(a) A producer or explorer may apply for a transferable tax credit certificate for (1) a qualified capital expenditure credit under AS 43.55.023(a) or a well lease expenditure credit under AS 43.55.023 (l) at any time after the expenditure in question is incurred but no more freq…

Notes 15 AAC 55.325 Eff. 5/3/2007, Register 182; am 10/21/2009, Register 192; repealed 3/1/2017, Register 221, April 2017 Authority:AS 43.05.080 AS 43.55.028 AS 43.55.110 State regulations are updated quarterly; we currently have two versions available. Below is a comparison betw…

Notes 15 AAC 55.330 Eff. 5/3/2007, Register 182; repealed 3/1/2017, Register 221, April 2017 Authority:AS 43.05.080 AS 43.55.023 AS 43.55.110 AS 43.55.165 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most rec…

(a) Repealed 1/1/2022. (b) For a calendar year during which two or more producers that qualify under AS 43.55.024(e) are succeeded through merger, acquisition, or a similar transaction by a single producer that qualifies under AS 43.55.024(e), (1) each of the predecessor producer…

(a) For a tax credit based on expenditures incurred during a calendar year, other than a tax credit under AS 43.55.023(b), as the provisions of that subsection read before January 1, 2018, the amount of the municipal entity's tax credit may not exceed the amount of the tax credit…

Notes 15 AAC 55.340 Eff. 5/3/2007, Register 182; am 10/21/2009, Register 192 ; repealed 9/20/2020,Register 235, October 2020 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quar…

(a) For purposes of AS 43.55.011(m) and this section, the portion of a tax credit for the calendar year of production that is allocated to gas produced by a producer during a calendar year from leases or properties (1) in the Cook Inlet sedimentary basin is, for a credit under (A…

(a) To apply a tax credit allowed under AS 43.55.023 or 43.55.024 against a tax liability under AS 43.55.011, a producer must file, no later than March 31 of the year following the calendar year for which the tax was levied, a claim for the tax credit in the statement described i…

Notes 15 AAC 55.350 Eff. 5/3/2007, Register 182; am 12/25/2009, Register 192 ; repealed 9/20/2020,Register 235, October 2020 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quar…

(a) An explorer may request an alternative oil and gas exploration tax credit under AS 43.55.025 by filing an application with the department (1) no later than six months after completion of the exploration activity for which the tax credit is claimed; or (2) in the case of seism…

Notes 15 AAC 55.355 Eff. 5/3/2007, Register 182; am 12/25/2009, Register 192 ; repealed 9/20/2020,Register 235, October 2020 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quar…

(a) An application for an alternative oil and gas exploration tax credit under AS 43.55.025 for a particular exploration activity may, on a form provided by the department, be filed by (1) a single explorer that (A) holds the entire interest in the particular well or seismic or o…

(a) For purposes of the alternative oil and gas exploration tax credit under (1)AS 43.55.025(a)(1) - (4), as the provisions of that section read on June 30, 2008, qualified exploration expenditures are the reasonably required direct costs for work performed on a particular explor…

(a) A person may transfer an interest in a transferable tax credit certificate issued under AS 43.55.023(d) or a production tax credit certificate issued under AS 43.55.025 by notifying the department, on a transfer form provided by the department. A transfer form must include th…

(a) To apply a production tax credit certificate issued under AS 43.55.025 against a production tax liability under AS 43.55.011(e) or, for oil and gas produced before July 1, 2007, AS 43.55.011(f), a producer must submit to the department, with the statement described in AS 43.5…

(a) For purposes of applying a percentage limitation under AS 43.55.023(e) or on the use of tax credits against a tax levied by AS 43.55.011(e), a producer shall, subject to 15 AAC 55.335(g), (1) first, apply all tax credits allowable against the tax levied by AS 43.55.011(e) oth…

Notes 15 AAC 55.380 Eff. 5/3/2007, Register 182; am 10/21/2009, Register 192 ; repealed 9/20/2020,Register 235, October 2020 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quar…

(a) For purposes of the (1) calculation required under AS 43.55.020fa)(5) or (7), the amount of the tax credits that are allowed by law to be applied against the tax levied by AS 43.55.011(e) for a calendar year does not include any amount of a tax credit that the producer transf…

(a) The tax levied by AS 43.55.011(e) is levied for a calendar year for all taxable oil and gas produced during all months of the calendar year. (b) Repealed 9/20/2020. (c)AS 43.55.011(e)(1) applies to oil and gas produced before January 1, 2014. AS 43.55.011(e)(2) applies to oil…

Notes 15 AAC 55.420 Eff. 5/3/2007, Register 182; am 10/21/2009, Register 192 ; repealed 9/20/2020,Register 235, October 2020 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quar…

(a) For purposes of AS 43.55.011(e), a producer's minimum tax for a calendar year determined under AS 43.55.011(f) on (1) oil and gas produced after June 30, 2007 and before January 1, 2022, from leases or properties in the state north of 68 degrees North latitude is the amount c…

Notes 15 AAC 55.430 Eff. 5/3/2007, Register 182; am 10/21/2009, Register 192 ; repealed 9/20/2020,Register 235, October 2020 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quar…

Notes 15 AAC 55.431 Eff. 10/21/2009, Register 192; am 12/25/2013, Register 208, January 2014 ; repealed 12/23/2021, Register 239, January 2022 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version …