Contracts for payments in lieu of other taxes and for royalty adjustments.

  1. Law
  2. Alaska Statutes
  3. Revenue and Taxation
  4. Alaska Stranded Gas Development Act
  5. Contracts for Payments in Lieu of Other Taxes.
  6. Contracts for payments in lieu of other taxes and for royalty adjustments.

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The commissioner may, under this chapter, negotiate terms for inclusion in a proposed contract with a qualified sponsor or qualified sponsor group providing for

(1) periodic payment in lieu of one or more taxes that otherwise would be imposed by the state or a municipality on the qualified sponsor or members of the qualified sponsor group as a consequence of the sponsor's or group's participation in an approved qualified project under this chapter; and

(2) certain adjustments regarding royalty under AS 43.82.220.


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