Section 43.20.044 - Exploration incentive credit(a) A taxpayer may apply as a credit against the tax levied under this chapter (1) the exploration incentive credit authorized by AS 27.30;(2) an alternative tax credit for oil and gas exploration earned by the taxpayer under AS 43.55.025 for exploration expenditures incurred for work performed on or after July 1, 2016.(b) In a tax year in which a taxpayer applies against the tax levied under this chapter the exploration incentive credit authorized by AS 27.30, the commissioner shall require the taxpayer to submit the accounting of mining operation activities form required by AS 27.30.030 (b).Amended by SLA 2017SP2, ch. 3,sec. 4, eff. 7/27/2017. See SLA 2017SP2, ch. 3, sec. 33.