Section 15.21.003. Determinations based on findings of fact.

Under AS 43.19.010, Art. IV, sec. 18, and based upon the findings contained in 15 AAC 21.001 for the purpose of the tax imposed under AS 43.21,  the department has determined that  
		(1) the allocation and apportionment provisions of AS 43.19.010, Art. IV, secs. 1 - 17, do not fairly or fully represent the extent of a corporation's business activities in the state with respect to the production or pipeline transportation of oil or gas in the state; and  
		(2) the method of allocation and apportionment adopted by the legislature in AS 43.21  more accurately represents the extent of business activity of corporations engaged in oil and gas production, pipeline transportation, or both, in the state, than do the allocation and apportionment provisions of AS 43.19.010, Art. IV, secs. 1 - 17.  

Authorities

43.05.010;43.05.080;43.19.010;43.20.142;44.25.020;01.05.031;43.20.065;44.62.125

Notes

Reference

15 AAC 21.005

Authority

AS 43.05.010 AS 43.05.080 AS 43.19.010 Art. IV, _ 18, Ak Const. AS 43.20.142 AS 44.25.020 Editor's note: In 2012 the revisor of statutes, acting under AS 01.05.031, renumbered former AS 43.20.065 as AS 43.20.142. As of Register 204 (January 2013), the regulations attorney made a conforming technical revision under AS 44.62.125(b)(6), to the authority citation that follows 15 AAC 21.003, so that the citation to former AS 43.20.065 now refers to the renumbered statute, AS 43.20.142.

History

Eff. 2/22/79, Register 69; am 5/21/81, Register 78; am 3/26/82, Register 81

References

15.21.003