Alaska Statutes — Title 43 (Revenue and Taxation)
AS 43.55.075
Limitation on assessment and amended returns
# (a)
Except as provided in AS 43.05.260(c), the amount of a tax imposed by this chapter must be assessed within six years after the return was filed.
# (b)
A decision of a regulatory agency, court, or other body with authority to resolve disputes that results in a retroactive change to a lease expenditure, to an adjustment to a lease expenditure, to costs of transportation, to sale price, to prevailing value, or to consideration of quality differentials relating to the commingling of oils has a corresponding effect, either an increase or decrease, as applicable, on the production tax value of oil or gas or the amount or availability of a tax credit as determined under this chapter. For purposes of this section, a change to a lease expenditure includes a change in the categorization of a lease expenditure as a qualified capital expenditure or as not a qualified capital expenditure. The producer shall
# (1)
within 60 days after the change, notify the department in writing; and
# (2)
within 120 days after the change, file amended returns covering all periods affected by the change, unless the department agrees otherwise or a stay is in place that affects the filing or payment, regardless of the pendency of appeals of the decision.
# (c)
If an alteration in or modification of a producer's federal income tax return or a recomputation of the producer's federal income tax or determination of deficiency occurs that affects the amount of a tax imposed on the producer under this chapter, the producer shall
# (1)
within 60 days after the final determination of the alteration, modification, recomputation, or deficiency, notify the department in writing; and
# (2)
within 120 days after the final determination of the alteration, modification, recomputation, or deficiency, file amended returns covering all affected periods.
# (d)
In this section,
(1) "qualified capital expenditure" has the meaning given in AS 43.55.023;
(2) "return" includes a report, a statement, and an amended return, report, or statement.
Source: official source document (full Title 43 PDF)
In this chapter (40 sections)
- 43.55.012 · Adjustment in tax rates
- 43.55.013 · Economic limit factor
- 43.55.014 · Payment in gas of tax for gas
- 43.55.015 · Tax per barrel of oil
- 43.55.016 · Gas production tax
- 43.55.017 · Relation to other taxes
- 43.55.018 · Credit against tax
- 43.55.019 · Oil or gas producer education credit. [See delayed repeal…
- 43.55.020 · Payment of tax
- 43.55.021 · Alaska veterans' memorial endowment fund contribution credit
- 43.55.023 · Tax credits for certain losses and expenditures
- 43.55.024 · Additional nontransferable tax credits
- 43.55.025 · Alternative tax credit for oil and gas exploration
- 43.55.028 · Oil and gas tax credit fund established; cash purchases of…
- 43.55.029 · Assignment of tax credit certificate
- 43.55.030 · Filing of statements
- 43.55.040 · Powers of Department of Revenue
- 43.55.050 · Incorrect returns
- 43.55.060 · Delinquency
- 43.55.070 · Lien for tax
- 43.55.075 · Limitation on assessment and amended returns
- 43.55.080 · Collection and deposit of revenue
- 43.55.090 · Refunds
- 43.55.100 · Acceptance of deductions
- 43.55.110 · Administration
- 43.55.120 · Noncompliance and false reports
- 43.55.135 · Measurement
- 43.55.140 · 43.55.140
- 43.55.150 · Determination of gross value at the point of production
- 43.55.160 · Determination of production tax value of oil and gas
- 43.55.165 · Lease expenditures
- 43.55.170 · Adjustments to lease expenditures
- 43.55.180 · Required report
- 43.55.200 · Surcharge levied
- 43.55.201 · Surcharge levied
- 43.55.210 · Disposition of proceeds of surcharge
- 43.55.211 · Use of revenue derived from surcharge
- 43.55.220 · Use of revenue derived from surcharge
- 43.55.221 · Suspension and reimposition of the surcharge
- 43.55.230 · Suspension and reimposition of the surcharge