Section 15.55.325. Cash purchases of tax credit certificates.

	(a)  Repealed 10/21/2009.  
	(b)  Repealed 10/21/2009.  
	(c)  For purposes of AS 43.55.028(e)(2), an unpaid delinquent tax is an amount of tax for which the department has issued an assessment that has not been paid and, if contested, has not been finally resolved in the producer's favor.  
	(d)  If the total amount of purchases of tax credit certificates for which applicants qualify at any time under AS 43.55.028(e) exceeds the amount of available money in the oil and gas tax credit fund, the department will give priority to earlier-received applications for purchases. However, on the first business day of each calendar year, previously received outstanding applications will be considered, for purposes of that priority only, to have been received on that first business day. Among applications for purchases received on a given day, the department if necessary will allocate available money pro rata.  
	(e)  Interest does not accrue with respect to any purchase of a tax credit certificate under AS 43.55.028(e).  

Authorities

43.05.080;43.55.028;43.55.110;01.05.031;44.62.125

Notes

Authority

AS 43.05.080 AS 43.55.028 AS 43.55.110 Editor's note: In 2012 the revisor of statutes, acting under AS 01.05.031 and in the course of renumbering paragraphs in AS 43.55.028(e), renumbered former AS 43.55.028(e)(4) as AS 43.55.028(e)(2). As of Register 204 (January 2013), the regulations attorney made a conforming technical revision under AS 44.62.125(b)(6), to 15 AAC 55.325(c), so that the cross-reference to former AS 43.55.028(e)(4) now refers to the renumbered provision, AS 43.55.028(e)(2).

History

Eff. 5/3/2007, Register 182; am 10/21/2009, Register 192

References

15.55.325