AK HB99

Requires oil and gas producers to provide detailed information about expenditures claimed for tax credits, including description of the expenditure, its purpose, and the affected lease or property, when filing tax returns by March 31 each year.

Expands public disclosure requirements to include both tax credit certificates purchased by the department and those issued by the department under AS 43.55.028, with names of recipients and aggregate amounts disclosed by April 30 annually.

Mandates the department report information submitted by explorers and producers regarding tax credit expenditures to the legislature within 10 days after each regular legislative session convenes, delivered to the senate secretary and house chief clerk.

Modifies tax confidentiality laws to permit disclosure of oil and gas tax information as otherwise provided in AS 43.55.030(g) or AS 43.55.890, creating an exception to confidentiality restrictions.

Takes effect July 1, 2017.