Section 15.21.100. Taxable production income.  


Latest version.
  • A taxpayer's taxable production income during a year equals the total of the taxpayer's gross production revenue (determined in accordance with 15 AAC 21.100 - 15 AAC 21.130) during that year for each lease or property in the state in which the taxpayer has a production interest, plus the total of the taxpayer's extraordinary production revenue (determined in accordance with 15 AAC 21.140), if any, during that year for each lease or property in the state in which the taxpayer has a production interest, minus the total of the taxpayer's deductions for that year under 15 AAC 21.200 - 15 AAC 21.290, and minus the total of the taxpayer's extraordinary production loss (determined in accordance with 15 AAC 21.140), if any, during that year for each lease or property in the state in which the taxpayer has a production interest.  
    

Authorities

43.05.080;43.19.010;43.21.020;43.21.090

Notes


Authority
AS 43.05.080 AS 43.19.010 Art. IV, _ 18, Ak Const. AS 43.21.020 AS 43.21.090
History
Eff. 2/22/79, Register 69