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Title 15 . Revenue
Chapter 21 . (Repealed)
Section 215. Deduction for Native corporation revenue sharing

15 AAC 21.215. Deduction for Native corporation revenue sharing

The amount of income from the production of oil and gas from a lease or property reported as revenue under AS 43.21.020 and 15 AAC 21.110 for the tax year that a taxpayer is required under sec. 7(i) of the Alaska Native Claims Settlement Act to divide among the regional Native corporations is a deduction in determining the taxpayer's taxable production income for that year.

History: Eff. 3/26/82, Register 81

Authority: AS 43.05.080

AS 43.19.010 ,

Art. IV, § 18

AS 43.21.020

AS 43.21.090

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Last modified 7/05/2006