Alaska Administrative Code
Title 15 - Revenue
Chapter 20 - Alaska Net Income Tax
Article 4 - Corporate Net Income Tax; Special Rules for Oil and Gas Corporations
15 AAC 20.410 - Corporations engaged in oil or gas production or pipeline transportation

(a) A taxpayer doing business in this state, the unitary business of which derives gross income from a production interest in one or more leases or properties in commercial production that are within this state or the transportation of oil or gas or both by means of a regulated pipeline or pipeline system of which part or all is within this state, is subject to AS 43.20.144.

(b) A taxpayer subject to AS 43.20.144 shall apportion its business income in accordance with 15 AAC 20.410 - 15 AAC 20.520 even if that taxpayer does business only in this state and its apportionment factors equal one.

(c) The right under 43 U.S.C. 1606(i) and 43 U.S.C. 1606(j) (sections 7(i) and 7(j) of the Alaska Native Claims Settlement Act) to share in revenue from oil or gas production from a regional Native corporation's land is not a production interest in that property and a corporation deriving income from oil and gas production solely by virtue of 43 U.S.C. 1606(i) and 43 U.S.C. 1606(j) is not made subject to provisions of AS 42.20.144 as a result of that income. However, income from 43 U.S.C. 1606(i) and 43 U.S.C. 1606(j) is subject to tax under applicable provisions of AS 43.19 and AS 43.20.