Alaska works on exploration credit rulesIndustry ‘disappointed’ with several provisions in draft production tax regulations, but compliment others Larry Persily Petroleum News Juneau Correspondent
The Alaska Department of Revenue is working its way through 18 pages of comments from the Alaska Oil and Gas Association on draft changes in state production tax regulations, including rules for the exploration tax credits adopted by legislators this past session.
Association officials testified at....
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AOGA focus on tax credits Expenses eligible for credits at issue Credits could cost state $50 million Forests would be felled Draft regs did not cover governor’s test well Tax regs based on GAPP Issue of when wells expensed
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