Daily Tax Report: State

Alaska Oil and Gas Association Issues Letter Providing Comments on DOR’s Proposed Excise Tax Regulation

Dec. 2, 2019, 10:44 PM

The Alaska Oil and Gas Association Nov. 6 issued a letter providing comments on the Department of Revenue’s (DOR) proposed changes to certain excise tax regulations in Alaska Admin. Code tit. 15 pursuant to the public notice dated Oct. 4. The DOR proposes to revise the calculation of the cost of capital allowance by removing calculations over multiple time periods, which would reduce the scope of input data and simplify the calculation. The proposed changes are expected to be revenue-neutral and to reduce the administrative burden on taxpayers and the DOR. The comments also brought forward topics to the DOR...

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