Except as its application is limited by AS 27.30.030 and 27.30.050, a portion of a credit that is not applied under AS 27.30.030 during a tax year or royalty payment period may be carried forward to and applied during a subsequent tax year or royalty payment period.
Structure Alaska Statutes
Chapter 30. Exploration Incentive Credits
Sec. 27.30.010. Exploration incentive credits authorized.
Sec. 27.30.020. Procedure for requesting and taking the credit.
Sec. 27.30.025. Conditional certification.
Sec. 27.30.030. Application of the credit.
Sec. 27.30.040. Credit may be carried forward.
Sec. 27.30.050. Limit on application of credit.
Sec. 27.30.060. Assignment of credit.
Sec. 27.30.070. Responsibility for record of use of credit.
Sec. 27.30.080. Relationship to other funds.