Section 15.21.210. Deduction for royalty.  


Latest version.
  • 	(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


Reference

15 AAC 21.200
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