Section 15.55.431. Monthly tax amounts under AS 43.55.011(e) for oil and gas produced after June 30, 2007 and before January 1, 2014.

	(a)  The amount of tax determined under AS 43.55.011(g) for purposes of AS 43.55.011(e) is calculated separately for each segment under 15 AAC 55.206(c) for each month in a calendar year. The amount of tax for a segment for a month is equal to the monthly production tax value for the segment under AS 43.55.160(a)(2) and 15 AAC 55.206, multiplied by the tax rate for the month calculated under AS 43.55.011(g).  
	(b)  For purposes of AS 43.55.011(g), a producer's average monthly production tax value under AS 43.55.160(a)(2) per BTU equivalent barrel of the taxable oil and gas is the BTU equivalent barrel-weighted arithmetic mean of the monthly production tax values per BTU equivalent barrel of all of the producer's segments.  
	(c)  For purposes of determining a tax rate under AS 43.55.011(g), the automatic convention in the rounding command or function in commercially available software must be followed to round  
		(1) the producer's average monthly production tax value per BTU equivalent barrel to the nearest 1/10 of a cent; and  
		(2) the tax rate, expressed as a percentage, to three decimal places.  
	(d)  This section applies to oil and gas produced after June 30, 2007, and before January 1, 2014.  

Authorities

43.05.080;43.55.011;43.55.110;43.55.160

Notes

Reference

15 AAC 55.800

Authority

AS 43.05.080 AS 43.55.011 AS 43.55.110 AS 43.55.160

History

Eff. 10/21/2009, Register 192; am 12/25/2013, Register 208