Chapter55-TaxDivision.doc

Chapter 55. Oil and Gas Properties Production Tax. Article 1, Gross Value at the Point of Production of Oil and Gas (15 AAC 55.010 - 15 AAC 55.196) 2, Production Tax Value of Oil and Gas (15 AAC 55.200 - 15 AAC 55.290) 3, Tax Credits (15 AAC 55.305 - 15 AAC 55.380) 4, Levy of Tax (15 AAC 55.410 - 15 AAC 55.440) 5, Payments and Reporting (15 AAC 55.510 - 15 AAC 55.520) 6, General Provisions (15 AAC 55.800 - 15 AAC 55.900) Article 1. Gross Value at the Point of Production of Oil and Gas. Section 10. (Repealed) [MONTHLY PRODUCTION RATE AT THE ECONOMIC LIMIT FOR OIL OR GAS PRODUCED BEFORE 1/1/95] 11. (Repealed) [DETERMINATION OF APPLICABLE TAX RATE FOR OIL AND MONTHLY PRODUCTION RATE AT THE ECONOMIC LIMIT FOR OIL OR GAS PRODUCED ON OR AFTER 1/1/95] 20. (Repealed) 21. Days of well operation [WELL DAYS AND CALCULATION OF ECONOMIC LIMIT FACTOR FOR OIL OR GAS] 25. (Repealed) 27. (Repealed) [USE OF COMMON PRODUCTION FACILITIES BETWEEN LEASES OR PROPERTIES] 30. (Repealed) 40. (Repealed) 45. (Repealed) 50. (Repealed) [GAS RUN THROUGH A GAS PROCESSING PLANT] 52. (Repealed) [REASONABLE ALLOWANCE FOR PROCESSING GAS IN A GAS PROCESSING PLANT AND FOR TRANSPORTING GAS FROM ITS POINT OF PRODUCTION TO A GAS PROCESSING PLANT] 60. (Repealed) [LEASE IDENTIFICATION NUMBER] 70. (Repealed) 71. (Repealed) [GAS FLARED] 80. (Repealed) [INTEREST] 90. (Repealed) [SIGNIFICANT DIGITS IN ECONOMIC LIMIT FACTORS] 100. (Repealed) [AVERAGE API GRAVITY] 110. (Repealed) 115. (Repealed) [ACCOUNTING FOR SHRINKAGE WHEN OIL AND NGLS ARE COMMINGLED] 120. (Repealed) 122. (Repealed) [SUPPLEMENTAL SUBMISSIONS] 150. (Repealed) 151. Gross value [VALUATION] of oil or gas at the point of production 160. (Repealed) 161. Sales price for oil or gas 163. Valuation of oil run through a North Slope field topping plant 165. (Repealed) 167. (Deleted) 170. (Repealed) 171. Prevailing value for oil [, OR COMMINGLED OIL AND NGLS] 172. (Repealed) 173. Prevailing value for gas 175. (Repealed) [ALLOCATION OF VALUE BETWEEN OIL AN