Form 6321i Fillable Gas Storage Facility Tax Credit Instructions (Forms 6321 & 6322)
(all forms fillable on Windows, Mac, Android tablets, and iPad using Adobe Reader XI)

Certification of working gas storage capacity and withdrawal Evidence of the regulation of the facility as a utility Schedule of costs incurred to establish the facility (Form 6000 6020 6100 or 6150) or attached to the partnership 0405 6321i Rev 01/01/14 page 1 2013 Alaska Gas Storage Facility Tax Credit 6150 or on Schedule E line 2 of the Form 6020 as appropriate 6321 and attached to Form 6900 A copy of the Form 6321 6322 is also used to separately report the tax due upon cessation 6900 Alaska Partnership Information Return The credit 6900 See instructions for Form 6900 6900 with required attachments (see above) See instructions a general partner or LLC member manager a refund of the credit by filing Form 6322 directly with the a working gas storage capacity of at least 500 million cubic feet a) Claim By Partner The credit may be allocated among a) Reported By Partner If the original credit was allocated address This report is due by April 15 of the year following address: ALASKA DEPARTMENT OF REVENUE allocated to partners then enter the amount from line 13 on allocated to partners then enter the amount from line 8 on Along with Form 6321 or 6322 the claimant must attach: and pay the increase in tax to the DOR at the above and required attachments (see below) to the Form 6900 applicable Form 6321 (Part II) must be completed and attached AS 43 20 046(h) must be allocated on the same basis as as a corporation for tax purposes then enter the amount from as a partnership or an LLC that is treated as a partnership for tax as applicable The credit is reported on Form 6321 and must be assistance call us at 907 269 6620 or email us at attached to the corporate income tax return b) Direct Claim Alternatively the partnership may itself claim b) Direct Reporting If the partnership originally claimed the be reported on the owner s Form 6000 6020 6100 or 6150 as calendar year in which operations ceased The tax due capability issued by the AOGCC capability of 10 million cubic feet a day as certified by the AOGCC case report the credit on Form 6321 and attach to Form ceased commercial operations in the following format: mm/ claimed or a cessation of operations is being reported commenced The refund does not accrue interest The commences commercial operations up to the date that commercial operation after December 31 2010 and before corporation s net income tax return (Form 6000 6020 6100 credit directly from the DOR then the partnership must credit may be claimed in one of two ways (For brevity these credit must be claimed on its Form 6000 6020 6100 or 6150 dd/yyyy dor tax disclosure@alaska gov DOR The claim may be filed at any time after the facility due date for Form 6900 Form 6321 must be attached to the corporate income tax return Form 6321 or 6322 is required to claim a credit for a qualified gas Form 6322 line 13: This is the amount of tax that is due Form 6322 line 8: This is the amount of refund claimed by the Form 6322 must be signed and mailed to the following Form 6900 Schedule A line 15 Attach Form 6321 to Form Form 6900 Schedule A line 17 Attach Form 6321 to Form from the owner of the gas storage facility for early cessation Gas Conservation Commission (AOGCC) under AS 31 05 032 GENERAL INSTRUCTIONS give notice to the Department of Revenue (DOR) of any cessation how the credit was originally claimed How to Claim Credit How to Report Increase to Tax for Early Cessation of If the claimant does not attach the required information the claim If the facility owner is a partnership and the credit is being If the facility owner is a partnership and the original credit was If the owner of the gas storage facility is a corporation or an If the owner of the gas storage facility is a partnership or an If the owner of the gas storage facility is a partnership or an LLC If you have questions need additional information or require other If You Need Help imposes certain other requirements for the credit increase to tax (recapture of credit) under AS 43 20 046(h) must Increase to Tax for Early Cessation of Operations increase to tax for the cessation information return (Form 6900) Form 6322 is provided to claim a Instructions for Forms 6321 and 6322 instructions use partnership to refer to either an entity organized is subject to assessment of interest if not paid by the is three years after the date that commercial operations January 1 2016 The credit is equal to $1 50 per 1 000 cubic feet of JUNEAU AK 99811 0420 K 1 The partner must then report the increase in tax on its K 1 The partnership must attach a copy of the Form 6321 line 13 on the Schedule E line 4 of the Form 6000 6100 or Line 13: If the facility owner is a corporation or an LLC treated line 8 on Form 6300 line 20 Attach the Form 6321 to the Line 8: If the facility owner is a corporation or an LLC treated LLC that is treated as a corporation for tax purposes then the LLC that is treated as a partnership for tax purposes then the member as applicable ) must be attached to the applicable Form 6900 Schedule of gas (excluding cushion gas) and have a minimum withdrawal of operation of operations if the original claim for refund was filed separately of operations required under AS 43 20 046(j) and to calculate the of the additional tax liability under AS 43 20 046(h) will depend on of the costs incurred to establish the facility The facility must have Operations or 6150) owes no tax for the year the credit is claimed owner of the gas storage facility Part I Part II partner to claim the credit on its tax return partners according to the partnership agreement In this PO BOX 110420 Prepare one Form 6321 for each facility for which a credit is Purpose of Form purposes Partner is similarly used to refer to the partner or LLC Question e: Enter the date that the facility or expansion refund by filing the form separately directly with the DOR Form report the increase in tax on Form 6322 and file the form Required Attachments Schedule K 1 provided to the partner This will allow the See details below in How to Claim Credit and How to Report Signature (Form 6322 only): Form 6322 must be signed by SPECIFIC INSTRUCTIONS storage facility under AS 43 20 046 These forms are also used to TAX DIVISION tax must be paid by March 15 of the year following the tax return that is treated as a partnership for tax purposes then the reporting The credit is available for a gas storage facility that commences The credit is refundable if the claimant owes no other taxes and The credit may not exceed the lesser of $15 000 000 or 25 percent The facility must be regulated under AS 42 05 as a utility The law The instructions below pertain to both Forms 6321 and 6322 the original credit The increase to tax is reported on Form the year of the cessation of commercial operations The to and claimed by partners then the increase to tax under to the corporate income tax return unless otherwise stated will be disallowed will then flow through to the applicable Form 6900 Schedule working gas storage capacity that is certified by the Alaska Oil and