Section 15.21.230. Deduction for ad valorem taxes.

Latest version.

The amount of tax under AS 43.56  paid during a year to the state (net of credits or refunds made that year for municipal ad valorem taxes on the same properties) and the total amount paid that year for municipal ad valorem taxes under AS 29.53.045 - 29.53.055, for a taxpayer's properties used directly in the production, gathering, treatment or preparation for pipeline shipment of oil and gas from a lease or property that is in commercial production before those payments to the state or any municipality are made, constitute a deduction in 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 43.21.090  
History Eff. 2/22/79, Register 69

                    
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