Alaska Administrative Code — Title 15 (Revenue)

15 AAC 55.275

Exclusions from lease expenditures

Official textakleg.govlast amended Jan 01, 2022

# (a)

The portion of a producer's expenditures incurred during a calendar year before 2022 that is excluded under AS 43.55.165(e)(18) is calculated separately for each segment under 15 AAC 55.206. Subject to prorating for only a portion of a calendar year as provided under AS 43.55.165(e)(18), the excluded portion for a segment is $1 less than the product of $.30 multiplied by the total amount of taxable

# (1)

oil and gas, in BTU equivalent barrels, produced by the producer from leases or properties corresponding to the segment described in 15 AAC 55.206(c)(1)(A) for that segment;

# (2)

oil and gas, in BTU equivalent barrels, produced by the producer from leases or properties corresponding to the segment described in 15 AAC 55.206(c)(1)(B) for that segment;

# (3)

oil, in BTU equivalent barrels, produced by the producer from a lease or property corresponding to a segment described in 15 AAC 55.206(c)(1)(C) for that segment;

# (4)

gas, in BTU equivalent barrels, produced by the producer from a lease or property corresponding to a segment described in 15 AAC 55.206(c)(1)(D) for that segment;

# (5)

gas, in BTU equivalent barrels, produced by the producer after June 30, 2007, from a lease or property corresponding to a segment described in 15 AAC 55.206(c)(1)(E), for that segment.

# (b)

The portion of a producer's expenditures that is excluded for a segment under AS
43.55.165(e)(18) may not exceed the total amount of expenditures that would be qualified capital expenditures applicable to the segment but for the exclusion provided under AS 43.55.165(e)(18).

# (c)

For purposes of AS 43.55.165(e)(18) and (a) and (d) of this section, taxable oil or gas is all oil or gas produced from a lease or property in the state except oil and gas the ownership or right to which is exempt from taxation.

# (d)

The portion of a producer's expenditures incurred during a calendar year after 2021 that is excluded under AS 43.55.165(e)(18) is calculated separately for each segment under 15 AAC 55.206. Subject to prorating for only a portion of a calendar year as provided under AS 43.55.165(e)(18), the excluded portion for each segment is $1 less than the product of $.30 multiplied by the total amount of taxable oil and gas, in BTU equivalent barrels, produced by the producer from leases or properties corresponding to each segment described in 15 AAC 55.206(c)(3) for that segment.
(Eff. 5/3/2007, Register 182; am 10/21/2009, Register 192; am 9/20/2020, Register 235; am 1/1/2022, Register 240) Statutory Authority:
Authority:
AS 43.05.080 AS 43.55.110
AS 43.55.023 AS 43.55.165

Amendment history

Eff. 5/3/2007, Register 182; am 10/21/2009, Register 192; am 9/20/2020, Register 235; am 1/1/2022, Register 240

Source: official source document (full AAC Title 15 PDF)

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