Alaska Federal-Based Credits

Form                                                                                                                                                                                                                                                                       2020
                                                                                                                                                          6390

EIN                                                                                                                                                                                                       Name Shown on Return

                                                                                                                                                                     Part I   Current Year Credit 

                                                                                                                                                                     1.   Federal general business credit from a non-passive activity from line 2 of federal Form 
                                                                                                                                                                                                                                                                        1
                                                                                                                                                                          3800, Part III with box A checked . . . .   .    . . . .       . . .    .   . .   . .    . .
                                                                                                                                                                     2a.  Federal investment credit from a non-passive activity not allowable for Alaska (see 
                                                                                                                                                                                                                                                                   2a
                                                                                                                                                                          instructions) . .   .   . . . .   . . . .   .    . . . .       . . .    .   . .   . .

                                                                                                                                                                     2b. Other federal general business credits not allowable for Alaska (see instructions) . .    2b
                                                                                                                                                          non-passive
                                                                                                                                                                     2c.  Add lines 2a–2b.    .   . . . .   . . . .   .    . . . .       . . .    .   . .   . .    . .  2c

                                                                                                                                                                     3.   Federal general business credit from a non-passive activity applicable to Alaska.  Subtract 
                                                                                                                                                                                                                                                                        3
                                                                                                                                                                          line 2c from line 1 .   . . . .   . . . .   .    . . . .       . . .    .   . .   . .    . .

                                                                                                                                                                     4.   Applicable general business credit from a passive activity allowed.  Enter amount from 
                                                                                                                                                                                                                                                                        4
                                                                                                                                                          passive         Form 6395, line 17  .   . . . .   . . . .   .    . . . .       . . .    .   . .   . .    . .

                                                                                                                                                                     5.   Total current federal general business credit applicable to Alaska.  Add lines 3 and 4 . . .  5

                                                                                                                                                                     6.   Apportionment factor    . . . .   . . . .   .    . . . .       . . .    .   . .   . .    . .  6

                                                                                                                                                                     7. Multiply line 5 by line 6.  . . .   . . . .   .    . . . .       . . .    .   . .   . .    . .  7

                                                                                                                                                                     8.   Total current apportioned general business credit.  Multiply line 7 by 18%. . .   . .    . .  8

                                                                                                                                                                     9.   Alaska carryforward of general business credit . . . . .       . . .    .   . .   . .    . .  9
                                                                             General Business Credits (not specified credits, not eligible small business)
                                                                                                                                                                     10.  Alaska carryback of general business credit .    . . . .       . . .    .   . .   . .    . .  10

                                                                                                                                                                     11.  Apportioned general business credit before limitation.  Add lines 8–10. .   . .   . .    . .  11

                                                                                                                                                          Part II   Allowable Credit (see instructions)
                                                                                                                                                                     12a. Alaska regular tax from Schedule D, line 2 of Form 6000, 6100 or 6150   .   . .   . .    12a

                                                                                                                                                                     12b. Alaska incentive credits allowed against regular tax.  Enter amount from Form 6300, 
                                                                                                                                                                                                                                                                   12b
                                                                                                                                                                          line 49. . .    .   .   . . . .   . . . .   .    . . . .       . . .    .   . .   . .
                                                                                                                                                                     12c. Alaska regular tax after Alaska incentive credits.  Subtract line 12b from line 12a.  If less 
                                                                                                                                                                                                                                                                        12c
                                                                                                                                                                          than zero, enter -0-    . . . .   . . . .   .    . . . .       . . .    .   . .   . .    . .

                                                                                                                                                                     13a. Reserved   .    .   .   . . . .   . . . .   .    . . . .       . . .    .   . .   . .    13a

                                                                                                                                                                     13b. Reserved   .    .   .   . . . .   . . . .   .    . . . .       . . .    .   . .   . .    13b

                                                                                                                                                                     13c. Reserved   .    .   .   . . . .   . . . .   .    . . . .       . . .    .   . .   . .    . .  13c

                                                                                                                                                                     14. Reserved    .    .   .   . . . .   . . . .   .    . . . .       . . .    .   . .   . .    . .  14

                                                                                                                                                                     15.  Enter 25% (.25) of the excess, if any, of line 12c over $4,500 . . .    .   . .   . .    . .  15

                                                                                                                                                                                                                                                                   0405-6390  Rev 01/01/21 - page 1

Form                                                                                                                                                                                                    2020
                                                                              6390

EIN                                                                                                   Name Shown on Return                                                                              Page 2
 
                                                                                                 16.  Subtract line 15 from line 12c.  If zero or less, enter -0- . . . .    . .    . . . .      . . 16

                                                                                                 17. Enter the smaller of line 11 or line 16 . . . . .     .      . . . .    . .    . . . .      . . 17

                                                                                     Part III Current Year Credit
                                                                                                 18.  Federal “specified credits” from a non-passive activity from line 5 of federal Form 3800, 
                                                                                                                                                                                                     18
                                                                                                      Part III with box A checked  . . . .     . . . .     .      . . . .    . .    . . . .      . .

                                                                                                 19a. Federal investment credit from a non-passive activity not allowable for Alaska .  . .      19a

                                                                                                 19b. Employer social security and medicare taxes paid on certain employee tips from line 4f 
                                                                                                                                                                                                 19b
                                                                                                      of federal Form 3800, Part III, with box A checked . .      . . . .    . .    . . . .

                                                                                     non-passive 19c. Other federal “specified credits” not allowable for Alaska (see instructions) . . . .      19c
                    “specified credits” 
                                                  not eligible small business                    19d. Add lines 19a–19c.    . .    . . . .     . . . .     .      . . . .    . .    . . . .      . . 19d

                                                                                                 20.  Federal “specified credits” from a non-passive activity applicable to Alaska.  Subtract 
                                                                                                                                                                                                     20
                                                                                                      line 19d from line 18 . .    . . . .     . . . .     .      . . . .    . .    . . . .      . .

                                                                                                 21.  Applicable “specified credits” and eligible small business credits from a passive activity 
                                        specified credits                            passive          allowed.  Enter amount from Form 6395, line 18 .     .      . . . .    . .    . . . .      . . 21

                                                                                                 22.  Total.  Add lines 20 and 21  . . . .     . . . .     .      . . . .    . .    . . . .      . . 22

                                                                                                 23.  Apportionment factor  . .    . . . .     . . . .     .      . . . .    . .    . . . .      . . 23

                                                                                                 24.  Multiply line 22 by line 23. . . . .     . . . .     .      . . . .    . .    . . . .      . . 24

                                                                                                 25.  Total current apportioned “specified credits.”  Multiply line 24 by 18%. .    . . . .      . . 25

                                                                                                 26a. Alaska carryforward of “specified credits” (non-passive) .    . . .    . .    . . . .      26a

  ESB                                             non-                                           26b. Alaska carryforward of eligible small business credits (non-passive)   . .    . . . .      26b
                                                                              passive

                                                                                                 26c. Add lines 26a–26b.    . .    . . . .     . . . .     .      . . . .    . .    . . . .      . . 26c

                                                                                                 27. Alaska carryback of “specified credits” (non-passive) .      . . . .    . .    . . . .      27

                                                                                                 28.  Add lines 25, 26c, and 27.   . . . .     . . . .     .      . . . .    . .    . . . .      . . 28

                                                                                                                                                                                                   0405-6390  Rev 01/01/21 - page 2

Form                                                                                                 2020
    6390

EIN                        Name Shown on Return                                                      Page 3
 
     Part IV Tax Limitation

     29a. Net Alaska income tax.  Enter amount from line 12c . . . . . . . . . . . . 29a

     29b. Enter amount from line 15 . .   .   .      . . . . . . . . . . . . . . . . 29b

     29c. Subtract line 29b from line 29a .   .      . . . . . . . . . . . . . . . . .            29c

     30.  Enter amount from line 17 . .   .   .      . . . . . . . . . . . . . . . . .            30

     31.  Limitation.  Subtract line 30 from line 29c  . . . . . . . . . . . . . . . .            31

     32.  Enter the smaller of line 28 or line 31  . . . . . . . . . . . . . . . . . .            32

     33.  Credit allowed for the current year. Add lines 17 and 32. Enter here and on Form 6000,  
                                                                                                  33
          6100, or 6150, Schedule A, line 8 . .      . . . . . . . . . . . . . . . . .

                                                                                     0405-6390  Rev 01/01/21 - page 3