15 AAC 21.100. Taxable production income

A taxpayer's taxable production income during a year equals the total of the taxpayer's gross production revenue (determined in accordance with 15 AAC 21.100 - 15 AAC 21.130) during that year for each lease or property in the state in which the taxpayer has a production interest, plus the total of the taxpayer's extraordinary production revenue (determined in accordance with 15 AAC 21.140) , if any, during that year for each lease or property in the state in which the taxpayer has a production interest, minus the total of the taxpayer's deductions for that year under 15 AAC 21.200 - 15 AAC 21.290, and minus the total of the taxpayer's extraordinary production loss (determined in accordance with 15 AAC 21.140) , if any, during that year for each lease or property in the state in which the taxpayer has a production interest.

History: Eff. 2/22/79, Register 69

Authority: AS 43.05.080

AS 43.19.010 ,

Art. IV, бї 18

AS 43.21.020

AS 43.21.090

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