15 AAC 21.300. Taxable oil pipeline income

Taxable oil pipeline income during a year from an oil pipeline operating wholly or partially in the state equals that year's operating revenues (determined under 15 AAC 21.310) for that pipeline, minus that year's operating expenses (determined under 15 AAC 21.350) for that pipeline, and plus or minus that year's extraordinary operating revenues or losses (determined under 15 AAC 21.320) , respectively, for that pipeline. A taxpayer's taxable oil-pipeline income during a year for purposes of this chapter equals the sum of the taxpayer's share (if any) of that year's taxable oil-pipeline income derived from in-state operations for each oil pipeline operating wholly or partially in the state.

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

Authority: AS 43.05.080

AS 43.19.010 ,

Art. IV, бї 18

AS 43.21.030

AS 43.21.090

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