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State of Alaska > Governor > Petroleum Production Tax > Details of the Bill

All information on this page is an archive from the Murkowski Administration...This page will NOT be updated

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House Bill 488 (House version of the PPT Legislation):

Extensive and up-to-date materials on HB488
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Sectional Analysis of HB488 (PDF, 1.4mb)
Examine the latest on HB488 (Leg Home Page)
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Senate Bill 305 (Senate version of the PPT Legislation):

Extensive and up-to-date materials on HB488
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Sectional Analysis of SB305 (PDF, 1.4mb)
Examine the latest on SB305 (Leg Home Page)
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For additional information on PPT, visit: http://www.akrepublicans.org/info/ongtax.php
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Download the full text of the PPT Bill as presented to the Legislature. (PDF, 3.4mb)



Introduction to the Proposed PPT bill...


A BILL FOR AN ACT ENTITLED


"An Act repealing the oil production tax and gas production tax and providing for a production tax on the net value of oil and gas; relating to the relationship of the production tax to other taxes; relating to the dates tax payments and surcharges are due under AS43.55; relating to interest on overpayments under AS43.55; relating to the treatment of oil and gas production tax in a producer's settlement with the royalty owner; relating to flared gas, and to oil and gas used in the operation of a lease or property, under AS43.55; relating to the prevailing value of oil or gas under AS43.55; providing for tax credits against the tax due under AS43.55 for certain expenditures, losses, and surcharges; relating to statements or other information required to be filed with or furnished to the Department of Revenue, and relating to the penalty for failure to file certain reports, under AS43.55; relating to the powers of the Department of Revenue, and to the disclosure of certain information required to be furnished to the Department of Revenue, under AS43.55; relating to criminal penalties for violating conditions governing access to and use of confidential information relating to the oil and gas production tax; relating to the deposit of money collected by the Department of Revenue under AS43.55; relating to the calculation of the gross value at the point of production of oil or gas; relating to the determination of the net value of taxable oil and gas for purposes of a production tax on the net value of oil and gas; relating to the definitions of 'gas,' 'oil,' and certain other terms for purposes of AS43.55; making conforming amendments; and providing for an effective date."


For the rest of the text, please download the Full Text PDF (PDF, 3.4mb).





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