Section 15.21.235. Deduction for crude oil windfall profit tax.

Latest version.

The amount of tax imposed under sec. 4986 of the Internal Revenue Code for production from (or allocated to) a lease or property which is paid or incurred by or on behalf of a taxpayer during a year constitutes 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. 3/26/82, Register 81

                    
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