15 AAC 21.003. Determinations based on findings of fact

Under AS 43.19.010 , Art. IV, sec. 18, and based upon the findings contained in 15 AAC 21.001 for the purpose of the tax imposed under AS 43.21, the department has determined that

(1) the allocation and apportionment provisions of AS 43.19.010 , Art. IV, secs. 1 - 17, do not fairly or fully represent the extent of a corporation's business activities in the state with respect to the production or pipeline transportation of oil or gas in the state; and

(2) the method of allocation and apportionment adopted by the legislature in AS 43.21 more accurately represents the extent of business activity of corporations engaged in oil and gas production, pipeline transportation, or both, in the state, than do the allocation and apportionment provisions of AS 43.19.010 , Art. IV, secs. 1 - 17.

History: Eff. 2/22/79, Register 69; am 5/21/81, Register 78; am 3/26/82, Register 81

Authority: AS 43.05.010

Art. IV, бї 18

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