Monthly filings

# (a)

For each month for which a producer is required to make an installment payment of estimated tax under AS 43.55.020(a)(3), (5), or (7), a surcharge under AS 43.55.201, or a surcharge under AS 43.55.300, the producer or the person paying on behalf of the producer shall provide to the department with the payment a remittance advice identifying the producer, the amount and type of the payment, and the month and calendar year of production for which the payment is made. If a single payment combining amounts due under two or more of the provisions referenced in this subsection is made for a month, the remittance advice must state the respective amount paid under each provision. In the absence of the pertinent information required by this subsection, the department will treat a payment received as an installment payment of estimated tax due under AS 43.55.020(a)(5) or (7), as applicable, and AS 43.55.020(a)(3) on the last day of the month before the month in which the payment is made.

# (b)

An operator of a lease or property in the state from which oil or gas is produced during a month shall submit to the department no later than the last day of the following month

# (1)

the production offtake schedule and the operator's supporting documentation for the month of production for the lease or property;

# (2)

the information described in 15 AAC 55.021(a), if applicable;

# (3)

a report of any unscheduled interruption of, or reduction in the rate of, oil or gas production during the month; and

# (4)

in the case of a lease or property that is a participating area subject to AS
43.55.160(f)(3) and with respect to which the department has accepted a methodology under 15 AAC 55.212(f)(1), documentation of

(A) the amounts of oil and gas metered for the month in accordance with 15 AAC
55.213(b)(1), (2), (3), or (4), as applicable; and

(B) if performed by the operator, the exclusions, adjustments, and other calculations required under 15 AAC 55.213(d) - (h).

# (c)

A producer shall submit to the department no later than the last day of each month, a complete copy of each contract, agreement, and amendment to a contract or agreement that was entered into by the producer during the previous month and that concerns the sale, exchange, or transportation of oil or gas produced in the state, unless the contract, agreement, or amendment was previously provided to the department under this subsection. The producer shall also submit to the department a summary list of all contracts, agreements, and amendments to a contract or agreement to which the producer is a party and that concern the sale, exchange, or transportation of oil or gas produced in the state during the previous month. The list must include a notation as to when each contract was submitted to the department. On a form prescribed by the department, the producer shall identify the contract, agreement, or amendment to the contract or agreement that concerns each disposition of oil or gas reported on the form.

# (d)

No later than 60 days after the department sends a written request, a person subject to (b) or (c) of this section shall submit to the department any additional documents obtained by or generated by the person that concern a matter that is the subject of a submission required to be made to the department under (b) or (c) or this section.

# (e)

If a person subject to (b), (c), or (d) of this section fails to submit documents or information required under (b), (c), or (d) of this section, the department may request the documents or information from any producer of oil or gas from the lease or property in question.
A producer to which the department makes a written request under this subsection shall submit the requested documents or information no later than 60 days after the request is sent.

# (f)

A producer or explorer that produces oil or gas during a month, incurs a lease expenditure during a month, incurs an expenditure during a month for which a tax credit may be claimed under AS 43.55.025, or receives during a month a payment or credit that constitutes an adjustment to lease expenditures under AS 43.55.170 shall submit to the department no later than the last day of the following month a report of

# (1)

amounts and dispositions of oil and gas produced;

# (2)

destination values, calculated in accordance with 15 AAC 55.151(b)(1), of oil and gas produced;

# (3)

transportation costs and adjustments for oil and gas produced;

# (4)

lease expenditures incurred, separately setting out

(A) qualified capital expenditures and other lease expenditures;

(B) exploration, development, and production expenditures;

(C) expenditures for which a tax credit may be claimed under AS 43.55.025 and the anticipated amount of the tax credit;

(D) overhead allowance;

(E) property taxes;

(F) net profit share payments; and

(G) exclusions under AS 43.55.165(e)(18) and (19);

(H) repealed 1/1/2022;

# (5)

payments or credits received that constitute adjustments to lease expenditures under AS 43.55.170;

# (6)

tax credits subtracted in calculating the monthly installment payment of estimated tax;

# (7)

potential tax credits generated during the month but of which no portion is subtracted in calculating the monthly installment payment of estimated tax;

# (8)

tax credit certificates issued under AS 43.55.023 or 43.55.025 and transferred to another person;

# (9)

tax payments, including conservation surcharges under AS 43.55.201 or 43.55.300, due for the month;

# (10)

the volumes of oil and gas that the producer has determined qualify for a reduction in gross value at the point of production under AS 43.55.160(f), or under AS 43.55.160(f)(1) and

# (g)

, and the amounts of the reductions the producer has calculated under 15 AAC 55.211(g); and

(11) the amount of carried-forward annual losses under AS 43.55.160(e) and
43.55.165(a)(3) and (l) - (s)(1) that is included in the amount of lease expenditures subtracted in calculating the monthly installment payment of estimated tax.

(g) Reports and other documents required to be submitted to the department under this section must be filed electronically in the applicable form prescribed by the department.
(Eff. 5/3/2007, Register 182; am 5/17/2008, Register 186; am 12/25/2013, Register 208; am 12/6/2018, Register 228; am 1/1/2022, Register 240) Statutory Authority:
Authority:
AS 43.05.080 AS 43.55.040 AS 43.55.165
AS 43.55.020 AS 43.55.110 AS 43.55.180
AS 43.55.030 AS 43.55.160