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Form 6300i Fillable Incentive Credits Instructions
(all forms fillable on Windows, Mac, Android tablets, and iPad using Adobe Reader XI)
(AS 43 20 043) Form 6320 Exploration incentive credit (AS 43 20 044) Form 665 Gas exploration and development tax credit Gas storage facility tax credit (AS 43 20 046) Form 6321 Income tax education credit (AS 43 20 014) Form 6310 LNG storage facility credit (AS 43 20 047) Form 6323 Qualified in state oil refinery infrastructure Qualified oil and gas service industry Veteran employment tax credit (AS 43 20 048) Form 6325 (Forms 6000 and 6100) or lines 5 8 (Form 6150) 0405 6300i Rev 01/01/16 page 1 15 years 2015 Alaska Incentive Credits 43 20 021 These credits are claimed on Alaska Form 6390 43 20 053) are refundable under certain conditions If the credit 5 years 5 years 6000 6100 or 6150 Schedule A line 7 6310 line 9 6900 Schedule K 1 In order to claim the credit and offset Alaska A corporation may claim Alaska incentive credits generated by a a schedule showing the credit generated and used by year and Alaska Alaska Incentive Credits Alaska incentive credits against which federal based credits may amount on line 36 and on Form 6000 6100 or 6150 Schedule A Anchorage: 907 269 6620 AS 43 20 043 AS 43 20 044 AS 43 20 048 AS 43 20 049 AS 43 20 053 AS 43 98 030 as certain other taxes imposed through Alaska s adoption of the assistance see our website at www tax alaska gov or call: attach specified supplementary credit forms as follows: basis using Alaska Form 6395 Passive Activity Limitation be allowed See Form 6390 Federal based Credits and related by company carried from a previous year You must attach a schedule showing Carryforward Carryforward of Unused Credit Certain credits may be carried forward if the credits cannot be certain records including properly completed Form(s) 6326 Certificate of Qualifying Veteran Do not send in Form 6326 with Complete Form 6300 to claim any Alaska incentive credit on the corporation s net income tax return (Form 6000 6100 or 6150) Credit credit carried from a previous year You must attach a schedule credit generated in the current year from Form 6320 line 3 Credits Originating from a Partnership credits The credits are grouped on Form 6300 and then carried current tax development tax credit (AS 43 20 043) which may only be used to each credit showing the amount of credit generated and used by earlier year Form 6300 must be accompanied by a schedule for either refunded or carried forward for five years example a corporation will include on Form 6300 line 8 (income exceeds the taxpayer s tax liability the DOR may refund the excess credit subject to legislative appropriation expenditure credit (AS 43 20 049) Form 6327 expenditure credit carried from a previous year You must attach expenditures credit expenditures credit generated in the current year from Form 6328 expenditures tax credit (AS 43 20 053) Form 6328 Exploration incentive credit facility credit (AS 43 20 047) and the in state oil refinery credit (AS Federal based Credits Federal based Credits See Form 6390 and related instructions Film production tax credit Form 6000 6100 or 6150 Form 6300 accounts for all Alaska incentive credits including the Form 6300 is not required to be filed when creditable activities are Form 6300 is required to be filed to claim credits generated in an Form 6300 orders and limits Alaska incentive credits based on tax Form 665 line 9 Gas exploration and development general Alaska income tax imposed under AS 43 20 011 as well GENERAL INSTRUCTIONS generated in the current year from Form 6325 line 5 If you have questions need additional information or require other If You Need Help In general Alaska incentive credits may be used to offset the income tax education credit the film production tax credit and income tax the taxpayer will include the creditable amounts shown industry expenditure credit industry expenditure credit from Form 6327 line 3 instructions Instructions For Form 6300 Internal Revenue Code The exception is the gas exploration and is required to report the partner s share of any credits on Form is subject to legislative appropriation If the refund is denied then issued by the DOR You must attach the original certificate(s) to Juneau: 907 465 2320 liability This form is required if such credits are to be claimed on Line 11: Enter the amount of the qualified oil and gas service line 12 Line 12: Enter the amount of qualified oil and gas service industry Line 16: Enter the amount of qualified in state oil refinery Line 19: Enter the lesser of line 15 or line 18 here and on line 41 line 2 This credit must be applied first to tax Any excess may be Line 20: Subtract line 19 from line 18 This is the amount that Line 21: Enter the amount of credit requested as a refund This Line 23: Enter the amount of exploration incentive credit from Line 25: Enter the amount of veteran employment tax credit Line 26: Enter the amount of veteran employment tax credit Line 2a: Enter the amount of gas exploration and development tax Line 2b: Enter the amount of gas exploration and development tax Line 30: Enter amount from film production tax credit certificate(s) Line 31: This is the film production tax credit allowable against Line 36: This line summarizes refundable credits allowable Line 37: This is the current tax remaining after application of Line 45: Enter the total of lines 38 44 on line 45 and on Form Line 6: Enter total of the Personal Holding Company tax the taxes Line 8: Enter the tentative income tax education credit from Form LNG storage facility and other taxes from Schedule E lines 4 7 may either be claimed as a refund or carried forward measured from the time the credit was originally generated No limit offset the general Alaska income tax; it may not be used to offset on Alaska s adoption of the Internal Revenue Code under AS on early cessation of operations for a gas storage facility or an on the Schedule K 1 on the applicable line of Form 6300 For Other Related Forms other taxes Part II: This part summarizes Alaska incentive credits for which Part III: This part summarizes Alaska incentive credits allowed in partnership in which the corporation is a partner The partnership Passive activity credit limitations are calculated on an as if Alaska Period Purpose of Form Qualified in state refinery Qualified oil and gas service Refundable Credits reported by a partnership filing Form 6900 return (Form 6000 6100 or 6150) Schedule K 1 lines 19 20 showing the credit generated and used by year and by company SPECIFIC INSTRUCTIONS Statute subject to legislative appropriation Add lines 33 35 and enter the tax credit tax credit certificate issued by the Department of Revenue (DOR) tax education credit) its share of the credit shown on Form 6900 the credit generated and used by year and by company the current year that are not being refunded the excess may be carried forward for five years The five years is The gas storage facility tax credit (AS 43 20 046) the LNG storage the tax return This is the amount that will be applied to tax to and claimed on lines 7 or 12 of the corporation net income tax To claim Alaska incentive credits on Form 6300 you must also To claim the film production tax credit you must attach the original To claim the veteran employment tax credit you must maintain used because of the tax liability limitation as shown below various other credits The form also accounts for any refundable Veteran employment tax credit you are claiming a refund You may be eligible to claim certain federal based credits based your tax return