Title 27, Mining
13 chapters · 140 sections in this title.
AS 27.30.010 Exploration incentive credits authorized.
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(a) The commissioner shall grant to a person described in (d) of this section an exploration incentive credit for the eligible costs of each of the following exploration activities that are performed on or for the benefit of land in the state for the purpose of determining the ex…
AS 27.30.020 Procedure for requesting and taking the credit.
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To obtain the credit authorized by this chapter, (1) a person shall submit a request for the credit as follows: (A) the person may submit a request and a statement of expenditures (i) whenever the amount of credit certified in the request totals at least $250,000 and the period c…
AS 27.30.025 Conditional certification.
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(a) A person may submit a request for conditional certification for the credit when (1) the person has conducted or intends to conduct exploration activities using an innovative technique; (2) there exists a substantial question regarding the nature of the exploration data that w…
AS 27.30.030 Application of the credit.
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(a) In a tax year or royalty payment period, subject to (c) of this section and the respective limitations of this subsection, the person may apply the credit, the taking of which was approved under AS 27.30.020(2), against (1) taxes payable by the person (A) under AS 43.65; appl…
AS 27.30.040 Credit may be carried forward.
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Except as its application is limited by AS 27.30.030 and 27.30.050, a portion of a credit that is not applied under AS 27.30.030 during a tax year or royalty payment period may be carried forward to and applied during a subsequent tax year or royalty payment period.
AS 27.30.050 Limit on application of credit.
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An exploration incentive credit for a mining operation may not exceed $20,000,000 and must be applied within 15 tax years or royalty payment periods after the taking of the credit is approved under AS 27.30.020(2), but the tax years or royalty payment periods in which the credit …
AS 27.30.060 Assignment of credit.
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A person may assign an exploration incentive credit to the person's successor in interest for the mining operation at which the exploration activities occur, but only if the successor in interest is a person qualified to obtain the credit under AS 27.30.010(d). An exploration inc…
AS 27.30.070 Responsibility for record of use of credit.
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For each mining operation, the commissioner may require each person who proposes to take the credit under AS 27.30.020(2) to provide with the request to take the credit a record of (1) the person's past use of credits taken under AS 27.30.020(2) and 27.30.030; and (2) other infor…
AS 27.30.080 Relationship to other funds.
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Amounts due the permanent fund under AS 37.13.010 shall be calculated before the application of a credit extended under this chapter.
AS 27.30.090 Confidentiality of data.
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(a) The commissioner shall keep the exploration activity data provided under AS 27.30.020 confidential for 36 months after receipt by the department. (b) The department is liable in damages to a person who provided the exploration activity data under AS 27.30.020 if the data is d…
AS 27.30.095 Fees.
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The commissioner may charge a fee for the direct costs incurred by the department and the Department of Revenue for evaluating or auditing an application to certify the credit authorized under AS 27.30.010, including the cost of contractors selected by the commissioner to assist …
AS 27.30.099 Definitions.
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In this chapter, (1) credit means the exploration incentive credit for activities involving locatable and leasable mineral and coal deposits authorized by this chapter; (2) eligible costs means the costs incurred for activities in direct support of exploration activity conduc…