AK HB361

Creates new surcharge of $15.75 per barrel on Alaska crude oil delivered to states that tax fuel delivered to Alaska.

Establishes new statute AS 43.55.320 to levy and collect the surcharge on the last day of each month for oil produced during the preceding month.

Producers must report oil production on March 31 following the calendar year of production under the same requirements as existing production tax reporting.

Defines "fuel" subject to trigger the surcharge to include fuel used in motor vehicles, aircraft, watercraft, stationary engines, and building/facility heating.

Modifies tax credit provisions to exclude the new surcharge from credits that can reduce tax liability, preventing use of credits to offset this new surcharge obligation.