Section 15.21.220. Deduction for production taxes.

Latest version.

Taxes imposed under AS 43.55  and AS 43.57  for production from (or allocated to) a lease or property which are paid by, or on behalf of, a taxpayer during a year constitute a deduction in determining the taxpayer's taxable production income for that year. The amount of tax paid under AS 43.55  includes EDIC applied under AS 43.55.018 against that tax.

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

                    
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