Alaska Statutes 43.55.024 – Additional nontransferable tax credits
Current as of: 2023 | Check for updates
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Terms Used In Alaska Statutes 43.55.024
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- month: means a calendar month unless otherwise expressed. See Alaska Statutes 01.10.060
- property: includes real and personal property. See Alaska Statutes 01.10.060
- state: means the State of Alaska unless applied to the different parts of the United States and in the latter case it includes the District of Columbia and the territories. See Alaska Statutes 01.10.060
1 – [2 X (AP – 50,000)] ÷ 100,000
where AP = the average amount of oil and gas taxable under Alaska Stat. § 43.55.011(e), produced a day during the calendar year in BTU equivalent barrels.