AK HB414

Modifies Alaska's oil and gas production tax to apply separate tax calculations for oil and gas, removing language that previously combined them in certain provisions.

Changes the monthly tax rate calculation under AS 43.55.011(g) to apply specifically to oil production rather than combined oil and gas, with thresholds at $30 and $92.50 per barrel.

Revises installment payment calculations in AS 43.55.020(a) to separately account for adjusted lease expenditures for oil and gas production from the same leases or properties.

Maintains tax caps for Cook Inlet sedimentary basin gas production and gas produced outside Cook Inlet and used in-state, with these provisions expiring before calendar year 2022.

Takes effect immediately upon enactment under Alaska Statutes AS 01.10.070(c).