Section 43.55.030. Filing of statements.

   (a) A producer that produces oil or gas from a lease or property in the state during a calendar year, whether or not any tax payment is due under AS 43.55.020(a) for that oil or gas, shall file with the department on March 31 of the following year a statement, under oath, in a form prescribed by the department, giving, with other information required, the following:
        (1) a description of each lease or property from which oil or gas was produced, by name, legal description, lease number, or accounting codes assigned by the department;
        (2) the names of the producer and, if different, the person paying the tax, if any;
        (3) the gross amount of oil and the gross amount of gas produced from each lease or property, separately identifying the gross amount of gas produced from each oil and gas lease to which an effective election under AS 43.55.014(a) applies, the amount of gas delivered to the state under AS 43.55.014(b), and the percentage of the gross amount of oil and gas owned by the producer;
        (4) the gross value at the point of production of the oil and of the gas produced from each lease or property owned by the producer and the costs of transportation of the oil and gas;
        (5) the name of the first purchaser and the price received for the oil and for the gas, unless relieved from this requirement in whole or in part by the department;
        (6) the producer's qualified capital expenditures, as defined in AS 43.55.023, other lease expenditures under AS 43.55.165, and adjustments or other payments or credits under AS 43.55.170;
        (7) the production tax values of the oil and gas under AS 43.55.160(a) or of the oil under AS 43.55.160(h), as applicable;
        (8) any claims for tax credits to be applied; and
        (9) calculations showing the amounts, if any, that were or are due under AS 43.55.020(a) and interest on any underpayment or overpayment.
   (b)   [Repealed, Sec. 11 ch 101 SLA 1972].
   (c)   [Repealed, Sec. 11 ch 101 SLA 1972].
   (d) Reports required under this section are delinquent the first day following the day the report is due. The person required to file the report is liable for a penalty, as determined by the department under standards adopted in regulation by the department, of not more than $1,000 for each day the person fails to file the report at the time required. The penalty is in addition to the penalties in AS 43.05.220 and 43.05.290 and is assessed, collected, and paid in the same manner as a tax deficiency under this title. In this subsection, "report" includes a statement.
   (e) An explorer or producer that incurs a lease expenditure under AS 43.55.165 or receives a payment or credit under AS 43.55.170 during a calendar year but does not produce oil or gas from a lease or property in the state during the calendar year shall file with the department, on March 31 of the following year, a statement, under oath, in a form prescribed by the department, giving, with other information required, the following:
        (1) the explorer's or producer's qualified capital expenditures, as defined in AS 43.55.023, other lease expenditures under AS 43.55.165, and adjustments or other payments or credits under AS 43.55.170; and
        (2) if the explorer or producer receives a payment or credit under AS 43.55.170, calculations showing whether the explorer or producer is liable for a tax under AS 43.55.160(d) or 43.55.170(b) and, if so, the amount.
   (f) The department may require a producer, an explorer, or an operator of a lease or property to file monthly reports, as applicable, of
        (1) the amounts and gross value at the point of production of oil and gas produced;
        (2) transportation costs of the oil and gas;
        (3) any unscheduled interruption of, or reduction in the rate of, oil or gas production;
        (4) lease expenditures and adjustments under AS 43.55.165 and 43.55.170;
        (5) joint interest billings;
        (6) contracts for the sale or transportation of oil or gas;
        (7) information and calculations used in determining monthly installment payments of estimated tax under AS 43.55.020(a); and
        (8) other records and information the department considers necessary for the administration of this chapter.

Authorities

43.55.020;43.55.023;43.55.165

Notes

Recent Bills that will modify this

SB 130 TAX;CREDITS;INTEREST;REFUNDS;O & G

Implemented As

15 AAC 55.021
15 AAC 55.163
15 AAC 55.173
15 AAC 55.177
15 AAC 55.191
15 AAC 55.193
15 AAC 55.195
15 AAC 55.196
15 AAC 55.197
15 AAC 55.335
15 AAC 55.345
15 AAC 55.520
15 AAC 55.815
15 AAC 55.840

References

15 AAC 05.210
15 AAC 55.151
15 AAC 55.171
15 AAC 55.173
15 AAC 55.335
15 AAC 55.345
15 AAC 55.350
15 AAC 55.351
15 AAC 55.370
15 AAC 55.375
15 AAC 55.840
AS 43.55.020 Payment of tax.
AS 43.55.023 Tax credits for certain losses and expenditures.
AS 43.55.165 Lease expenditures.

History

(Sec. 4 ch 7 ESLA 1955; am Sec. 10 - 12 ch 101 SLA 1972; am Sec. 4 - 6 ch 136 SLA 1977; am Sec. 19, 20 ch 2 TSSLA 2006; am Sec. 47 - 49 ch 1 SSSLA 2007; am Sec. 27 ch 10 SLA 2013; am Sec. 56 ch 14 SLA 2014)