AK SB186

Repeals AS 43.20.053, which authorized the qualified in-state oil refinery infrastructure expenditures tax credit.

Removes references to AS 43.20.053 from AS 43.55.028(a) and (g), which govern the oil and gas tax credit fund and its allocation procedures.

Allows the Department of Revenue to continue purchasing transferable tax credit certificates issued under AS 43.20.053 before the effective date of this Act.

Permits taxpayers who made qualified infrastructure expenditures before the effective date to continue claiming credits under AS 43.20.053 in current or subsequent tax years.