Section 15.21.530. Property factor.

A taxpayer's property factor for a year equals the property factor that year for the consolidated business of which the taxpayer is a part, as determined under the applicable methods of AS 43.19.010 (Art. IV, secs. 10 - 12), AS 43.20.143(b) and (e), and 15 AAC 19.141 - 15 AAC 19.202; except that the numerator and denominator of the property factor must each be determined without reference to  
		(1) leases or properties, other real property and tangible personal property in the state that is owned or leased by the taxpayer and is used directly in, or is necessary for the continuation or enhancement of, exploration for oil and gas, production of oil and gas, or transportation of oil and gas by pipeline; and  
		(2) vessels transporting Alaskan oil or gas of the consolidated business which are not owned or effectively owned by the consolidated business.  

Authorities

43.05.080;43.19.010;43.21.040;43.21.090;01.05.031;43.20.071;43.20.143;44.62.125

Notes

Reference

15 AAC 21.520

Authority

AS 43.05.080 AS 43.19.010 Art. IV, _ 18, Ak Const. AS 43.21.040 AS 43.21.090 Editor's note: In 2012 the revisor of statutes, acting under AS 01.05.031, renumbered former AS 43.20.071 as AS 43.20.143. As of Register 204 (January 2013), the regulations attorney made a conforming technical revision under AS 44.62.125(b)(6), to 15 AAC 21.530, so that the cross-reference to former AS 43.20.071(b) and (e) now refers to the renumbered statute, AS 43.20.143(b) and (e).

History

Eff. 2/22/79, Register 69; am 5/21/81, Register 78; am 3/26/82, Register 81

References

15.21.530