15 AAC 21.110. Gross production revenue

A taxpayer's gross production revenue during a year from a production interest in a lease or property is the value at the point of production of the taxpayer's gross share of the oil and gas produced from (or allocated to) that lease or property; however, oil or gas that is used, flared or unavoidably lost in the production operations for the lease or property or is injected into a reservoir in the course of the operations for the same field, may not be included in determining the taxpayer's gross production revenue from that or any other lease or property.

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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