State seeks contractor to vet tax credits

The Alaska Department of Revenue is looking to hire a contractor to audit applications for oil and gas exploration tax credits.

The contract will run about a year and will be worth up to $300,000, a May 11 public notice says.

A state solicitation says the contractor will review applications prior to the department issuing production tax credit certificates for the amount of credit to be allowed against production taxes due, or to be purchased by the state.

The contractor “will verify that the credit applicant seeks credit only for expenditures allowed” under state law, the solicitation says.

The Revenue Department is aiming to award the contract by June 12.

—Wesley Loy