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 20.490 - Apportionment rules for oil and gas taxpayers
Current through August 30, 2024
The apportionment factor of a taxpayer subject to AS 43.20.144 shall be determined based upon the business activities of the taxpayer's unitary business conducted within this state. Except as limited by 15 AAC 20.421, a taxpayer subject to AS 43.20.144 shall apportion its business income to this state by multiplying the taxpayer's business income by the apportionment factor applicable to the taxpayer among the following factors:
(1) the apportionment factor of a taxpayer subject to AS 43.20.144 but whose unitary business is not engaged in the production of oil or gas from a lease or property in this state during the tax period is a fraction, the numerator of which is the sum of the property factor under 15 AAC 20.500(b) and the sales factor under 15 AAC 20.500(a) for the taxpayer for that tax period, and the denominator of which is two;
(2) the apportionment factor of a taxpayer subject to AS 43.20.144 but whose unitary business is not engaged in the pipeline transportation of oil or gas in this state during the tax period is a fraction, the numerator of which is the sum of the property factor under 15 AAC 20.500(b) and the extraction factor under 15 AAC 20.500(c) for the taxpayer for the tax period, and the denominator of which is two;
(3) the apportionment factor of a taxpayer subject to AS 43.20.144 whose unitary business is engaged both in the production of oil or gas from a lease or property in this state and in the pipeline transportation of oil or gas in this state during the tax period is a fraction, the numerator of which is the sum of the sales factor under 15 AAC 20.500(a), the property factor under 15 AAC 20.500(b) and the extraction factor under 15 AAC 20.500(c) for the taxpayer for the tax period, and the denominator of which is three.
In 2012 the revisor of statutes, acting under AS 01.05.031, renumbered former AS 43.20.072 as AS 43.20.144. As of Register 204 (January 2013), the regulations attorney made conforming technical revisions under AS 44.62.125(b)(6), to 15 AAC 20.490, so that cross-references to former AS 43.20.072 now refer to the renumbered statute, AS 43.20.144. In addition, the regulations attorney made a conforming technical revision to the authority citation that follows 15 AAC 20.490, so that the citation to former AS 43.20.072 now refers to the renumbered statute, AS 43.20.144.
Authority:AS 43.05.080
AS 43.20.144
