Alaska Administrative Code (Last Updated: January 12, 2017) |
Title 15. Revenue. |
Chapter 15.21. Oil and Gas Corporate Income Tax. |
Article 15.21.1. Application of Tax. |
Section 15.21.210. Deduction for royalty.
Latest version.
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(a) The amount of royalty for a lease or property in the state that is paid during a year by or for a taxpayer is a deduction for purposes of determining the taxpayer's taxable production income for that year. (b) The value at the point of production (determined on the basis of the value at the point of production for the taxpayer's production interest at the time when the royalty is delivered) of royalty for a lease or property in the state that is delivered in kind by or for a taxpayer during a year is a deduction for purposes of determining the taxpayer's taxable production income for that year.
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 43.21.090History
Eff. 2/22/79, Register 69