Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

State: 
Alaska
Reporting Jurisdiction: 
Alaska
Jurisdiction type
State
Fiscal year ending In: 
2018
Program name: 
(N/A - no disclosure)
Program purpose
(N/A - no disclosure)
Statutory authority
(N/A - no disclosure)
Abating jurisdiction(s)
(N/A - no disclosure)
Applicable taxes: 
(N/A - no disclosure)
Method of abatement
(N/A - no disclosure)
Provisions for recapture
(N/A - no disclosure)
Gross revenue loss
not reported
Reimbursement / offset
not reported
Net revenue loss
not reported
Type of loss
(N/A - no disclosure)
Additional notes on dislosure: 
Producers or explorers of oil and gas can apply for a tax credit for certain qualifying losses and expenditures under AS 43.55.023 and AS 43.55.025. As of June 30, 2018, the Department of Revenue has received tax credit applications totaling $64.9 million, which have not been accrued as a liability in the general fund financial statements. Due to the complexity of the approval process, the amount of the tax credit that will ultimately be issued or denied cannot be estimated.