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Alaska Statutes Title 43. Revenue and Taxation § 43.55.895. Applicability to municipal entities

Current as of January 01, 2025 | Updated by Findlaw Staff

(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 section

(1) is eligible for tax credits proportionate to its production taxable under AS 43.55.011(e); and

(2) shall allocate its lease expenditures in proportion to its production taxable under AS 43.55.011(e).

(c) In this section, “municipal entity” means a municipality, municipally owned utility, public corporation of a municipality, or entity established by more than one municipality.

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Cite this article: FindLaw.com - Alaska Statutes Title 43. Revenue and Taxation § 43.55.895. Applicability to municipal entities - last updated January 01, 2025 | https://codes.findlaw.com/ak/title-43-revenue-and-taxation/ak-st-sect-43-55-895/

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