Alaska § 38.05.212 - Production royalty.
Full text of Alaska Alaska Statutes § 38.05.212 — Production royalty., with citation guidance and answers to common questions.
§ 38.05.212. Production royalty.
(a) In exchange for and to preserve the right to extract and possess the minerals produced, the holder of a mining claim, leasehold location, or mining lease, including a mining lease under AS 38.05.250 , shall pay a royalty on all minerals produced from land subject to the claim, leasehold location, or mining lease during each calendar year, or each fiscal year if the miner does not file the mining license tax on a calendar year basis.
(b) The production royalty (1) is three percent of net income as determined under AS 43.65 ; and
(2) is subject to the exploration incentive credit authorized by AS 27.30 .
(c) The commissioner shall adopt regulations to implement this section and to provide for combined reporting and paying of production royalties for mining operations that include more than one mining claim, leasehold location, or mining lease.
Frequently Asked Questions About Alaska § 38.05.212
What does Alaska Statutes § 38.05.212 cover?
Section 38.05.212 ("Production royalty.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 38.05.212?
A common citation format is "Alaska Statutes § 38.05.212" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 38.05.212 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.