TAX NEWS - January 2009

Alaska tax: Transportation Costs Workshop - Tuesday, January 27, 2009

DEPARTMENT OF REVENUE, TAX DIVISION
PUBLIC WORKSHOP On Potential Changes to Oil and Gas Production Tax Regulations
TRANSPORTATION COSTS

Tuesday, January 27, 2009

The Department of Revenue is holding a public workshop to discuss and receive comments and suggestions from interested members of the public concerning potential changes to regulations in Title 15 of the Alaska Administrative Code, to implement legislation relating to the oil and gas production tax, ch. 1, SSSLA 2007.

The subject of potential regulations to be addressed at the workshop are the department's proposed draft regulations for Transportation costs under AS 43.55.150.

Current copies of the proposed regulations, as well as a spreadsheet version of the Cost of Capital Model for Pipelines set out in the proposed regulations, may be obtained on the division's website, at:
http://www.tax.alaska.gov/.

Parties interested in submitting comments may submit them in writing to:

John Larsen
Audit Master
Alaska Department of Revenue, Tax Division
550 W. 7th Avenue, Ste. 500
Anchorage, AK 99501

or via email to john.larsen@alaska.gov, or by fax to (907) 269-6644. Written comments can be made both before and after the workshop. Please ensure that written comments are received no later than 4:30 p.m., Monday, February 16, 2009.

The workshop will be held in the East Hearing Conference Room of the Regulatory Commission of Alaska, located at 701 West 8th Avenue, Suite 300, Anchorage, Alaska on Tuesday, January 27, 2009. The workshop will be held from 1:00 p.m. to 4:00 p.m. Interested parties who wish to participate by teleconference, please:

1) dial 1-800-315-6338
2) when prompted for a code, enter 1003 followed by the "#" sign
not more than ten minutes prior to the start of the meeting.

If you are a person with a disability who needs a special accommodation in order to participate in this process, please contact Lashondra Wilson at 907-269-6620 no later than 12:00 noon, Thursday, January 22, 2009 to ensure that any necessary accommodations can be provided.