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Alaska Incentive Credits
Extracted from PDF file 2023-alaska-form-6300.pdf, last modified July 2023Incentive Credits
Alaska Incentive Credits Summary 6300 Form 2023 EIN Name Shown on Return Part I: Order of Application 1. Alaska income tax before credits. Enter amount from line 4 of Form 6000, 6100, or 6150. . . . . . . . . . . . . . . . . . . . . . . . . . 2a 2b. Reserved . . . . . . . . . . . . . . . . . . . . . . . . . . 2b 2c. Reserved . . . . . . . . . . . . . . . . . . . . . . . . . . 2d. Reserved . . . . . . . . . . . . . . . . . . . . . . . . . . 2d 3. Alaska other taxes. Enter amount from Schedule E, line 7. . . . . . . . . . . . 3 . . . . . . . . . . . 4 5. In-state manufacture of urea, ammonia or gas-to-liquids products (attach schedule) . . . 5 6. Credit allowed. Enter lesser of line 4 or line 5, here and on line 41 . . . . . . . . . 6 7. Subtract line 6 from line 4 . . . . . . . . . 7 AS 43.20.052 Manufacture Education AS 43.20.014 . . . AS 43.20.049 O & G Service Industry . . . . . . . . . . . . . . . . . . . . . . . 2c 8. Income tax education credit (AS 43.20.014). Tentative credit before tax limitation. Enter amount from Form 6310, line 4 . . . . . . . . . . . . . . . . . . . 9. Income tax education credit allowed. Enter lesser of line 7 or line 8, here and on line 42 . 10. Subtract line 9 from line 7 . . . 12. Oil and gas service industry expenditure credit carryover (attach schedule) . . . . . . 12 13. Tentative credit before tax limitation. Add lines 11–12 . . . . . . 13 14. Oil and gas service industry expenditure credit allowed. Enter lesser of line 10 or line 13, here and on line 43 . . . . . . . . . . . . . . . . . . . . . . . . . 14 15. Subtract line 14 from line 10 . . . . . . . . . . . . . . . . . . . . 15 . . . . . . . . . . . . . . . . . . . . 16 17. In-state oil refinery infrastructure expenditures credit carryover (attach schedule) . . . 17 18. Tentative credit before tax limitation. Enter amount from line 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 11. Oil and gas service industry expenditure credit (AS 43.20.049) current year. Enter amount from Form 6327, line 3 . . . . . . . . . . . . . . . . . . . . 9 . . . . . . . 8 . 16. Reserved . Refinery 1 2a. Reserved . 4. Add lines 1 and 3 AS 43.20.053 . . . . . . . . 18 19. Applied to tax. Enter the lesser of line 15 or line 18 here and on line 44 . . . . . . . 20. In-state oil refinery infrastructure expenditures credit available for refund. Subtract line 19 from line 18 . . . . . . . . . . . . . . . . . . . . . . . . 20 21. In-state oil refinery infrastructure expenditures credit requested as a refund. Enter here and on line 37 . . . . . . . . . . . . . . . . . . . . . . . . 21 22. Subtract line 19 from line 15 . . . . . . . . . . . . . . . . . . . . . 11 19 22 0405-6300 Rev 01/01/24 - page 1 Form 2023 6300 EIN Name Shown on Return AS 43.55.025 Alt. Exploration Film AS 43.98.030 Veterans AS 43.20.048 Mining AS 43.20.044 Page 2 23. Exploration. incentive credit – mining (AS 43.20.044). Enter amount from Form 665 . . 23 . 23 from line 22 . 24. Subtract line . . . . . . . . . . . . . . . . . . . . 25. Veteran employment tax credit (AS 43.20.048) current year. Enter amount from Form 6325, line 5 . . . . . . . . . . . . . . . . . . . . . . . . . 25 26. Veteran employment tax credit carryover (attach schedule) . . . . . . . . . . 26 27. Tentative credit before tax limitation. Add lines 25–26 . . . . . . . . . . 27 . . 24 28. Veteran employment tax credit allowed. Enter lesser of line 24 or line 27, here and on line 46 28 29. Subtract line 28 from line 24 . 29 . . . . . . . . . . . . . . . . . . . . 30. Film production tax credit (AS 43.98.030). Tentative credit before tax limitation . . . . 30 31. Film production tax credit allowed. Enter lesser of line 29 or line 30, here and on line 47 . . 31 32. Subtract line 31 from line 29 . . 32 . . . . . . . . . . . . . . . . . . . 33. Alternative tax credit for oil and gas exploration (AS 43.55.025). Tentative credit before tax 33 limitation . . . . . . . . . . . . . . . . . . . . . . . . . . . 34. Alternative tax credit for oil and gas exploration allowed. Enter lesser of line 32 or line 33, here 34 and on line 48 . . . . . . . . . . . . . . . . . . . . . . . . . 35. Subtract line 34 from line 32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36 35 Part II: Summary of Incentive Credits Claimed as Refunds 36. Reserved . . . . . . . . . . . . . . . 37. In-state oil refinery infrastructure expenditures credit refundable portion. Enter amount 37 from line 21 . . . . . . . . . . . . . . . . . . . . . . . . . 38. Total credits claimed as refund. Enter amount from line 37, here and on Form 6000, 6100, or 6150, Schedule A, line 12 . . . . . . . . . . . . . . . . . . . . . 39. Tax against which federal-based credits may be allowed. Subtract line 38 from 35, but not less than zero (see instructions) . . . . . . . . . . . . . . . . . . . . . 38 39 0405-6300 Rev 01/01/24 - page 2 Form 2023 6300 EIN Name Shown on Return Page 3 Part III: Summary of Credits Applied Against Tax 40. Reserved . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 41. In-state manufacture of urea, ammonia or gas-to-liquid products (AS 43.20.052). Enter 41 amount from. line 6 . . . . . . . . . . . . . . . . . . . . . . . . 42. Income tax education credit (AS 43.20.014). Enter amount from line 9 . . . . . . . . 42 43. Qualified oil and gas service industry expenditure credit (AS 43.20.049). Enter amount from 43 line 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44. In-state oil refinery infrastructure expenditures credit (AS 43.20.053). Enter amount from line 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45. Exploration incentive credit – mining (AS 43.20.044). Enter amount from line 23 44 . . . . 45 46. Veteran employment tax credit (AS 43.20.048). Enter amount from line 28 . . . . . 46 47. Film production tax credit (AS 43.98.030). Enter amount from line 31 . . . . . . . 47 . 48. Alternative tax credit for oil and gas exploration (AS 43.55.025). Enter amount from line 34 . 48 49. Total incentive credits applied against tax. Add lines 40–48. Enter here and on Form 6000, 49 6100, or 6150, Schedule A, line 7. . . . . . . . . . . . . . . . . . . . 0405-6300 Rev 01/01/24 - page 3
Form 6300
More about the Alaska Form 6300 Corporate Income Tax Tax Credit TY 2023
Incentive Credits
We last updated the Incentive Credits in February 2024, so this is the latest version of Form 6300, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 6300 directly from TaxFormFinder. You can print other Alaska tax forms here.
Related Alaska Corporate Income Tax Forms:
TaxFormFinder has an additional 30 Alaska income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Alaska Form 6300.
| Form Code | Form Name |
|---|---|
| Form 6300i | Incentive Credits Instructions |
View all 31 Alaska Income Tax Forms
Form Sources:
Alaska usually releases forms for the current tax year between January and April. We last updated Alaska Form 6300 from the Department of Revenue in February 2024.
Form 6300 is an Alaska Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Alaska Form 6300
We have a total of eleven past-year versions of Form 6300 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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