The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) is seeking information from organizations that supply Oil and Gas Production Accounting Software to modernize and streamline current business processes and increase efficiencies. ... See more
The changes relate to the attribution of lease expenditures in determining production tax value of oil, the taxable value of gas, including gas used in the state, conforming and clarifying changes related to the oil and gas production tax, and definitions.The regulations were publicly noticed in September 2021.
Department of RevenuePost-Filing NoticeAdopted and Filed Regulations Oil & Gas Production Tax The Alaska Department of Revenue has adopted changes to regulations regarding interest in 15 AAC 05 and the oil and gas production tax in 15 AAC 55. The proposed changes were publicly noticed in September 2017. On November 27, 2017, the regulations were adopted by the Commissioner of Revenue.
Days of well operation, is proposed to be repealed; 15 AAC 55.151(e). Gross value of oil or gas at the point of production, is proposed to be amended to clarify that oil run through a field topping unit and the resulting product is used in lease operations that portion of the crude oil stream that is not capable of being returned to a point upstream of the point of production will not be considered as oil produced; 15 AAC 55.151(f).
Title 15 - Tax Division - Department of Revenue Regulation re: Oil and Gas Production Tax Department of Law file number: JU2016200654 15 AAC 05; 15 AAC 55 Filed: 1/30/2017 Effective: 3/1/2017 Publish in Register: 221, April 2017
NOTICE OFPROPOSED CHANGES ON OIL & GAS PRODUCTION TAX IN THE REGULATIONSOF THE DEPARTMENT OF REVENUE BRIEF DESCRIPTION: The Department of Revenue proposes to change regulations affecting the oil and gas production tax to implement ch. 3, SSSLA 2017 (HB 111).
regulations, or were otherwise no longer in effect for Enforcement in 15 AAC 10; the Alaska Net Income Tax in 15 AAC 20; the Oil and Gas Corporate Income Tax in 15 AAC 21; and the Oil and Gas Production Tax and Oil Surcharge in 15 AAC 55.
