15 AAC 20.445 - Intangible drilling and development costs
Current through September 28, 2021
A taxpayer subject to
AS 43.20.144 shall
capitalize, and depreciate under
15 AAC 20.480,
intangible drilling and development costs that are not subject to
capitalization and depletion in the determination of federal taxable
income as a result of an election under Internal Revenue Code section
263(c) ( 26 U.S.C.
In 2012 the revisor of statutes, acting under AS 01.05.031, renumbered former AS 43.20.072 as AS 43.20.144. As of Register 204 (January 2013), the regulations attorney made a conforming technical revision under AS 44.62. 125(b)(6), to 15 AAC 20.445, so that the cross-reference to former AS 43.20.072 now refers to the renumbered statute, AS 43.20.144. In addition, the regulations attorney made a conforming technical revision to the authority citation that follows 15 AAC 20.445, so that the citation to former AS 43.20.072 now refers to the renumbered statute, AS 43.20.144.
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