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2019 Alaska Statutes
Title 43. Revenue and Taxation
Chapter 55. Oil and Gas Production Tax and Oil Surcharge
Article 4. General Provisions.
Sec. 43.55.895. Applicability to municipal entities.
Universal Citation: AK Stat § 43.55.895 (2019)
(a) Notwithstanding AS 29.35.670(a) or other provision of law, a producer that is a municipal entity is subject to taxation and payment of surcharges under this chapter for oil and gas that it sells to another party.
(b) A municipal entity subject to taxation because of this section
(1) is eligible for tax credits proportionate to its production taxable under AS 43.55.011(e); and
(2) shall allocate its lease expenditures in proportion to its production taxable under AS 43.55.011(e).
(c) In this section, “municipal entity” means a municipality, municipally owned utility, public corporation of a municipality, or entity established by more than one municipality.
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