Title 43 — Revenue and Taxation
36 chapters · 668 sections in this title.
AS 43.55.030 Filing of statements.
4.2K chars
(a) A producer that produces oil or gas from a lease or property in the state during a calendar year, whether or not any tax payment is due under AS 43.55.020(a) for that oil or gas, shall file with the department on March 31 of the following year a statement, under oath, in a fo…
AS 43.55.040 Powers of Department of Revenue.
3.4K chars
Except as provided in AS 43.05.405 — 43.05.499, the department may (1) require a person engaged in production and the agent or employee of the person, and the purchaser of oil or gas, or the owner of a royalty interest in oil or gas to furnish, whether by the filing of regular st…
AS 43.55.050 Incorrect returns.
0.4K chars
The department may determine whether or not a return required by this chapter to be filed with it is correct. If a person makes an untrue or incorrect return of the gross production or the value of it, or fails or refuses to make a return, the department shall, under regulations …
AS 43.55.060 Delinquency.
0.5K chars
When the tax provided for in this chapter becomes delinquent, it bears interest as provided in AS 43.05.225(1). If any person fails to make a report required by this chapter, within the time prescribed by law for the report, the department shall examine the books, records and fil…
AS 43.55.070 Lien for tax. [Repealed, § 4 ch 94 SLA 1976. For current law, see AS 43.10.035.]
0.0K chars
[Repealed or reserved.]
AS 43.55.075 Limitation on assessment and amended returns.
2.0K chars
(a) Except as provided in AS 43.05.260(c), the amount of a tax imposed by this chapter must be assessed within six years after the return was filed. (b) A decision of a regulatory agency, court, or other body with authority to resolve disputes that results in a retroactive change…
AS 43.55.080 Collection and deposit of revenue.
0.2K chars
Except as otherwise provided under art. IX, sec. 17, Constitution of the State of Alaska, the department shall deposit in the general fund the money collected by it under AS 43.55.011 — 43.55.180.
AS 43.55.090 Refunds.
0.1K chars
In case of overpayment, duplicate payment or payment made in error, the department may refund the amount of the overpayment under AS 43.10.210.
AS 43.55.100 Acceptance of deductions. [Repealed, § 15 ch 101 SLA 1972.]
0.0K chars
[Repealed or reserved.]
AS 43.55.110 Administration.
3.1K chars
(a) The department may adopt regulations for the purpose of making and filing reports required by this chapter and otherwise necessary to the enforcement of this chapter. (b) The department may require a sufficient bond from every person charged with the making and filing of repo…
AS 43.55.120 Secs. 43.55.120 — 43.55.130. Noncompliance and false reports. [Repealed, § 46 ch 113 SLA 1980. For criminal penalties, see AS 43.05.290.]
0.0K chars
[Repealed or reserved.]
AS 43.55.135 Measurement.
0.2K chars
For the purposes of AS 43.55.011 — 43.55.180, except as otherwise provided, oil is measured in terms of a “barrel of oil” and gas is measured in terms of a “cubic foot of gas.”
AS 43.55.140 [Renumbered as AS 43.55.900.]
0.0K chars
[Repealed or reserved.]
AS 43.55.150 Determination of gross value at the point of production.
2.3K chars
(a) For the purposes of AS 43.55.011 — 43.55.180, the gross value at the point of production is calculated using the actual costs of transportation of the oil or gas, except when the (1) shipper of oil or gas is affiliated with the transportation carrier or with a person that own…
AS 43.55.160 Determination of production tax value of oil and gas.
15.8K chars
(a) For oil and gas produced before January 1, 2022, except as provided in (b), (f), and (g) of this section, for the purposes of (1) AS 43.55.011(e)(1) and (2), the annual production tax value of taxable oil, gas, or oil and gas produced during a calendar year in a category for …
AS 43.55.165 Lease expenditures.
16.8K chars
(a) For purposes of this chapter, a producer's lease expenditures for a calendar year are (1) costs, other than items listed in (e) of this section, that are (A) incurred by the producer during the calendar year after March 31, 2006, to explore for, develop, or produce oil or gas…
AS 43.55.170 Adjustments to lease expenditures.
2.9K chars
(a) A producer's lease expenditures under AS 43.55.165 must be adjusted by subtracting payments or credits, other than tax credits, received by the producer or by an operator acting for the producer for (1) the use by another person of a production facility in which the producer …
AS 43.55.180 Required report.
1.2K chars
(a) The department shall study (1) the effects of the provisions of this chapter on oil and gas exploration, development, and production in the state, on investment expenditures for oil and gas exploration, development, and production in the state, on the entry of new producers i…
AS 43.55.200 Surcharge levied. [Repealed, § 43 ch 128 SLA 1994.]
0.0K chars
[Repealed or reserved.]
AS 43.55.201 Surcharge levied.
0.9K chars
(a) Every producer of oil shall pay a surcharge of $.01 per barrel of oil produced from each lease or property in the state, less any oil the ownership or right to which is exempt from taxation. (b) The surcharge imposed by (a) of this section is in addition to the tax imposed by…
AS 43.55.210 Disposition of proceeds of surcharge. [Repealed, § 43 ch 128 SLA 1994.]
0.0K chars
[Repealed or reserved.]
AS 43.55.211 Use of revenue derived from surcharge.
0.3K chars
The legislature may appropriate the annual estimated balance of the account maintained under AS 37.05.142 for deposits into the general fund of the proceeds of the surcharge levied under AS 43.55.201 to the response account in the oil and hazardous substance release prevention an…
AS 43.55.220 Use of revenue derived from surcharge. [Repealed, § 43 ch 128 SLA 1994.]
0.0K chars
[Repealed or reserved.]
AS 43.55.221 Suspension and reimposition of the surcharge.
3.3K chars
(a) Not later than 30 days after the end of each calendar quarter, the commissioner of administration shall determine, as of the end of that quarter, the fiscal year's (1) unreserved and unobligated balance in the response account of the oil and hazardous substance release preven…
AS 43.55.230 Suspension and reimposition of the surcharge. [Repealed, § 43 ch 128 SLA 1994.]
0.0K chars
[Repealed or reserved.]
AS 43.55.231 Surcharge not imposed.
1.5K chars
(a) The surcharge authorized by AS 43.55.201 is not levied during any fiscal year for which (1) the legislature does not, during the regular or a special legislative session preceding the first day of the fiscal year, appropriate at least an amount equal to the amount determined …
AS 43.55.240 Surcharge not imposed. [Repealed, § 43 ch 128 SLA 1994.]
0.0K chars
[Repealed or reserved.]
AS 43.55.299 Definitions.
0.3K chars
Article 3. Additional Conservation Surcharge on Oil. In AS 43.55.201 — 43.55.299, (1) “response account” means the oil and hazardous substance release response account established in AS 46.08.010(a)(2); (2) “response mitigation account” means the oil and hazardous substance relea…
AS 43.55.300 Surcharge levied.
0.9K chars
(a) Every producer of oil shall pay a surcharge of $.04 per barrel of oil produced from each lease or property in the state, less any oil the ownership or right to which is exempt from taxation. (b) The surcharge imposed by (a) of this section is in addition to the tax imposed by…
AS 43.55.310 Use of revenue derived from surcharge.
0.4K chars
Article 4. General Provisions. The legislature may appropriate the annual estimated balance of the account maintained under AS 37.05.142 for deposits into the general fund of the proceeds of the surcharge levied under AS 43.55.300 to the oil and hazardous substance release preven…
AS 43.55.890 Disclosure of tax information.
1.1K chars
Notwithstanding any contrary provision of AS 40.25.100, and regardless of whether the information is considered under AS 43.05.230(e) to constitute statistics classified to prevent the identification of particular returns or reports, the department may publish the following infor…
AS 43.55.895 Applicability to municipal entities.
0.7K chars
(a) Notwithstanding AS 29.35.670(a) or other provision of law, a producer that is a municipal entity is subject to taxation and payment of surcharges under this chapter for oil and gas that it sells to another party. (b) A municipal entity subject to taxation because of this sect…
AS 43.55.900 Definitions.
8.0K chars
In this chapter, (1) “barrel of oil” means 42 United States gallons of oil of 231 cubic inches a gallon computed at a temperature of 60 degrees Fahrenheit; (2) “British thermal unit” means the quantity of heat required to raise the temperature of one pound of water from 58.5 degr…
AS 43.56.010 Levy of tax.
1.7K chars
(a) An annual tax of 20 mills is levied each tax year beginning January 1, 1974, on the full and true value of taxable property taxable under this chapter. (b) A municipality may levy and collect a tax under AS 29.45.080 at the rate of taxation that applies to other property taxe…
AS 43.56.018 Property tax education credit. [See delayed repeal note.]
4.5K chars
(a) The owner of property taxable under this chapter is allowed a credit against the tax due under this chapter for (1) contributions of cash or equipment accepted for direct instruction, research, and educational support purposes, including library and museum acquisitions, and c…
AS 43.56.019 Alaska veterans' memorial endowment fund contribution credit. [Repealed, § 25 ch 46 SLA 2002.]
0.0K chars
[Repealed or reserved.]
AS 43.56.020 Exemptions.
1.7K chars
(a) The following are exempt from local taxes levied or authorized under AS 43.56.010(b): (1) property rights attached to or inherent in the right to explore for or produce oil or gas; (2) oil or gas leases or properties, whether producing or not; (3) oil or gas in place; (4) oil…
AS 43.56.030 In place of other taxes.
1.1K chars
Except for those taxes imposed under AS 43.55, the taxes levied or authorized under AS 43.56.010(b) are in place of (1) all other ad valorem taxes or other taxes imposed by a municipality on property subject to tax under this chapter or exempted from taxation by AS 43.56.020; and…
AS 43.56.040 State Assessment Review Board.
0.3K chars
The State Assessment Review Board is created within the department. The board consists of five persons appointed by the governor to serve at the pleasure of the governor, each of whom must be knowledgeable of assessment procedures. Each board member is subject to confirmation by …
AS 43.56.050 Per diem and expenses.
0.1K chars
Members of the board shall receive per diem and expenses authorized by law for boards and commissions.
AS 43.56.060 Assessment.
4.3K chars
(a) The department shall assess property for the tax levied under AS 43.56.010(b) and AS 29.45.080 on property used or committed by contract or other agreement for use for the pipeline transportation of gas or unrefined oil or for the production of gas or unrefined oil at its ful…
AS 43.56.070 Returns.
0.4K chars
(a) The department may require by notice every person having ownership or control of an interest in property taxable under this chapter to submit a return in the form prescribed by the department, based on property values existing on January 1 of each year, except as otherwise pr…
AS 43.56.080 Investigation.
0.9K chars
(a) The department may make an investigation of property on which a return has been filed or of taxable property upon which no return has been filed. In either case, the department may make its own valuation of the taxable property, which is prima facie evidence of full and true …
AS 43.56.090 Assessment roll.
0.3K chars
The department shall prepare annually the assessment roll for taxation under this chapter. The roll must contain: (1) a description of all taxable property; (2) the assessed value of all taxable property; (3) the names and addresses of persons owning property subject to assessmen…
AS 43.56.100 Assessment notice.
0.5K chars
(a) On or before March 1 of each year, the department shall send to every owner of taxable property named in the assessment roll a notice of assessment, showing the assessed value of the property. Notice of assessment is effective on the date of mailing. (b) The department shall …
AS 43.56.110 Appeal to the department.
0.6K chars
(a) An owner of taxable property or a municipality receiving an assessment notice may object to the assessment by advising the department in writing of the objections to the assessment within 20 days of the effective date of the notice. (b) The department shall provide by regulat…
AS 43.56.120 Appeal to the board.
0.3K chars
(a) After a ruling by the department on an appeal made under AS 43.56.110, the owner or a municipality may further appeal to the board. The appeal must be filed in writing within 50 days of the effective date of the notice of assessment. (b) The board shall provide by regulation …
AS 43.56.130 Hearings of the board.
1.0K chars
(a) The board shall hear appeals filed under AS 43.56.120(a). (b) A majority of the board constitutes a quorum required to transact business. (c) The board shall provide by regulation for notices of hearings to interested persons and municipalities. (d) If an appellant fails to a…
AS 43.56.135 Certification.
0.2K chars
No later than June 1 of each year, the department shall certify the final assessment roll and mail to the owner of the taxable property or an authorized agent a statement of the amount of tax due.
AS 43.56.140 Supplementary assessment rolls.
0.2K chars
The department shall include property omitted from the assessment roll on a supplementary roll, using the procedures set out in this chapter for the original roll.