Alaska Statutes: AS 43.55.895. Applicability to Municipal Entities.

Alaska Statutes. Title 43. Revenue and Taxation Chapter 55. Oil and Gas Production Tax and Oil Surcharge Section 895. Applicability to Municipal Entities.

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AS 43.55.895. Applicability to Municipal Entities.

(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 is eligible for all tax credits under this chapter to the same extent as any other producer.
(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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