NOTICE OF
PROPOSED CHANGES IN THE REGULATIONS
OF THE DEPARTMENT OF REVENUE
BRIEF DESCRIPTION: The Department of Revenue proposes to change regulations affecting the oil and gas property tax. The proposed change will relate to property used in the production of oil or gas and is assessed pursuant to AS 43.56.060(d).
The Department of Revenue proposes to amend an existing regulation in Title 15, Chapter 56 of the Alaska Administrative Code, dealing with the oil and gas property tax, including the following:
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15 AAC 56.100. Production Property, is proposed to be amended to specify and clarify several aspects of the assessment process for oil and gas production property, with an emphasis on depreciation methodology.
You may comment on the proposed regulation changes, including the potential costs to private persons of complying with the proposed changes, by submitting written comments to: John Larsen, Audit Master, Alaska Department of Revenue, 550 W. 7th Ave., Ste. 500, Anchorage, AK 99501, by electronic mail to john.larsen@alaska.gov, or by facsimile at (907) 269-6644. Written comments must be received no later than 4:00 p.m., on Tuesday, October 24, 2017.
You may submit written questions relevant to the proposed action to John Larsen by email at john.larsen@alaska.gov, or to John Larsen, Alaska Department of Revenue, 550 W. 7th Ave., Ste. 500, Anchorage, AK 99501. Questions must be received at least 10 days before the end of the public comment period. The Department of Revenue will aggregate its response to substantially similar questions and make the questions and responses available on the Alaska Online Public Notice System and the Tax Division’s website at http://www.tax.alaska.gov.
If you are a person with a disability who needs a special accommodation in order to participate in this process, please contact John Larsen at john.larsen@alaska.gov or at (907) 269-8436 not later than Tuesday, October 17, 2017 to ensure that any necessary accommodations can be provided.
For a copy of the proposed regulation changes, contact John Larsen at (907) 269-8436 or email at john.larsen@alaska.gov, the Alaska Online Public Notice System, or the Tax Division's Internet website at http://www.tax.alaska.gov.
After the public comment period ends on Tuesday, October 24, 2017, the Department of Revenue will either adopt the proposed regulation changes or other provisions dealing with the same subject, without further notice, or decide to take no action on them. The language of the final regulation may be different from that of the proposed regulation. You should comment during the time allowed if your interests could be affected. Written comments received are public records and are subject to public inspection.
Statutory Authority: AS 43.05.080, AS 43.56.060, and AS 43.56.200.
Statutes Being Implemented, Interpreted, or Made Specific: AS 29.45.080; AS 43.56.010; AS 43.56.060; AS 43.56.100.
Fiscal Information: The proposed regulation changes are not expected to require an increased appropriation.
DATE: September 18, 2017 /s/ Ken Alper
Juneau, Alaska Ken Alper
Director, Tax Division
(907) 269-6620