15 Alaska Admin. Code § 55.310
Current through May 31, 2024
For purposes of AS 43.55.023(a), (n), and (o), if an expenditure incurred by a producer or explorer during a calendar year is an outlay for work-in-progress with respect to an asset the cost of which is treated as a capitalized expenditure under 26 U.S.C. (Internal Revenue Code), as amended, regardless of elections made under 26 U.S.C. 263(c) (Internal Revenue Code), as amended, the fact that the asset is not placed in service until a later calendar year does not prevent the expenditure from constituting a qualified capital expenditure.
15 AAC 55.310
Authority:AS 43.05.080
AS 43.55.023
AS 43.55.110