Alaska Income Tax Education Credit

                  For calendar year _____ or the taxable year beginning _________, _____, ending __________, ____
Form 
    6310

EIN                                           Name Shown on Return

Section I - Contributions

                                                                                                          Sec. 170
1.   EIN of Payor                           Name of Contribution Recipient               Code             Contributions
     (A)                                                (B)                                (C)                   (D)

2. Reserved . . . .      . .     . . . .    . . .     . . . . .    . .     . .     . . .   . .    . . 2

3. Total qualified contributions . . . .    . .     . . . . . .    . .     . .     . . .   . .    . . 3                                       .
4. Reserved . . . .      . .     . . . .    . .     . . . . . .    . .     . .     . . .   . .    . . 4                                       .
5. Enter the lesser of line 3 or $1,900,000 . .     . . . . . .    . .     . .     . . .   . .    . . 5                                       .
6. Multiply the lesser of line 5 or $100,000 by 50%   . . . . .    . .     . .     . . .   . .    . . 6
7. Enter 75% of the next $200,000 of contributions    . . . . .    . .     . .     . . .   . .    . . 7
8. Enter 50% of the contributions on line 5 that exceed $300,000 . . .     . .     . . .   . .    . . 8
9. Tentative credit.  Add lines 6–8 (enter value here and on Form 6300, line 8.) . . . .   . .    . . 9

Section II - Equipment Contributions Listed in Section I

                                              Date Acquired   Contrib. Date        Donor’s Cost / Appraised Fair    Contribution 
     Description of Equipment
                                              (mm/dd/yyyy)    (mm/dd/yyyy)         Adjusted Basis Market Value *                     Available
                (A)
                                                      (B)          (C)                 (D)            (E)                            (F)

* A written appraisal and recipient acknowledgement must be remitted with Form 6310 for all equipment donations of $5,000 or greater.

                                                                                                          0405-6310  Rev 02/15/20 

Instructions  for  Form  6310,  Income  Tax Education                     Column C Table - Use the following codes for each contribution 
Credit                                                                    A Direct instruction, research & educational  support by an 
                                                                            Alaska 2-year or 4-year accredited college, Alaska University 
         GENERAL INSTRUCTIONS                                               Foundation or an elementary or secondary school
                                                                          B Secondary school level vocational courses operated by an 
Purpose of Form                                                             Alaska school district
Use Form 6310 to calculate a potential income tax education credit.
                                                                          C State-operated  vocational  technical  education  and training 
The  income  tax  education  credit  is  limited  to  50%  of  the  first   school, regional  training  center, and state registered 
$100,000, 75% of the next $200,000 and 50% of the contributions             apprenticeship programs
that exceed $300,000. The total allowable credit may not exceed           D Alaska 2-year or 4-year college, elementary, or secondary 
$1 million.  If a taxpayer is a member of an affiliated group, the total    school for facilities
amount of credit may not exceed $1 million for the affiliated group.      E Alaska Native cultural or heritage program for public school 
A contribution  qualifying  for the credit cannot be claimed  as a          staff and students K–12
charitable contribution deduction.  
                                                                          F Coastal  ecosystem  learning  center  qualified  under  the 
The credit may not reduce the tax liability below zero.  Contributions      Coastal America Partnership
claimed as a credit on this return cannot be claimed as a credit for      G Alaska higher education investment fund under AS 37.14.750
other Alaska taxes.   The taxpayer may not claim more than $1             H Non-profit organization to fund scholarship for a dual-credit 
million for all credits claimed under AS 21.96.070, AS 21.96.075,           student as defined in AS 43.20.014 (g)(1)
AS  43.20.014,  AS  43.55.019,  AS  43.56.018,  AS  43.65.018, 
AS 43.75.018, and AS 43.77.045.  Any unused credit or portion             I Residential school approved under AS 14.16.200
of a credit may not be sold, traded, transferred or applied  in a         J Childhood learning and development programs provided by a 
subsequent tax year.                                                        non-profit organization
                                                                          K Science, technology, engineering,  and math programs pro-
         SPECIFIC INSTRUCTIONS                                              vided by a non-profit agency or school district for students 
                                                                            K-12 and staff
Section I - Contributions                                                 L Non-profit  organization  providing  educational  opportunities 
                                                                            for public service
Line 1:  List all contributions for which credit is claimed.  

Column C: Report the code from the table that best describes the          Note:   The above list of qualifying recipients  is intended  as a 
recipient of the contribution.                                            general description only.  Please see AS 43.20.014(a) for details 
                                                                          of  requirements.  Taxpayers are encouraged to  consult their tax 
Column  D:  List  those contributions that  qualify as charitable         advisor.
contributions under IRC Sec. 170.
                                                                          Section II - Equipment Contributions Listed in Section I
Line 3:  Enter the sum of column D.
                                                                          Column A:  A description of the equipment contributed in sufficient 
Line 5:  Enter the lesser of line 3 or $1,900,000.    This is the         detail to be easily identified by the recipient organization includ-
amount that charitable contributions must be reduced on Schedule          ing make, model number, year, serial number or any other unique 
K.  Enter the amount from line 5 on Schedule K, line 2.                   identifying information.

Line 9:  Add lines 6–8.  This is the tentative education credit.  Enter           :  The original date the equipment was acquired by the 
                                                                          Column B
this amount on Form 6300, line 8.                                         donor.

                                                                          Column C:  The date title of the equipment was transferred to the 
                                                                          recipient organization.

                                                                          Column D:  Donor’s cost or adjusted basis as reported on the 
                                                                          federal tax return.

                                                                          Column E:  Appraised market value at time of donation.  For 
                                                                          equipment donated that exceeds $5,000, a written appraisal from 
                                                                          a qualified appraiser and recipient acknowledgement must be 
                                                                          submitted with Form 6310.

                                                                          Column F:  The amount available may be included in Section I, 
                                                                          Column D.

                                                                                                       0405-6310  Rev 02/15/20