Alaska Incentive Credits Summary Form 6300 2020 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. . 1 2a. Gas exploration and development tax credit carryover (AS 43.20.043) (attach schedule) . 2a 2b. Multiply line 1 by 75% and enter here . . . . . . . . . . . . . . . . . 2b 2c. Gas exploration and development tax credit allowed. Enter lesser of line 2a or line 2b, 2c AS 43.20.043 here and on line 40 . . . . . . . . . . . . . . . . . . . . . . . Gas Exploration 2d. Subtract line 2c from line 1 . . . . . . . . . . . . . . . . . . . . 2d 3. Alaska other taxes. Enter amount from Schedule E, line 7. . . . . . . . . . . . 3 4. Add lines 2d and 3 . . . . . . . . . . . . . . . . . . . . . . . . 4 5. In-state manufacture of urea, ammonia or gas-to-liquids products (attach schedule) . . . 5 Manufacture AS 43.20.052 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 8. Income tax education credit (AS 43.20.014). Tentative credit before tax limitation. Enter 8 amount from Form 6310, line 9 . . . . . . . . . . . . . . . . . . . Education AS 43.20.014 9. Income tax education credit allowed. Enter lesser of line 7 or line 8, here and on line 42 . . 9 10. Subtract line 9 from line 7 . . . . . . . . . . . . . . . . . . . . . . 10 11. Oil and gas service industry expenditure credit (AS 43.20.049) current year. Enter 11 amount from Form 6327, line 3 . . . . . . . . . . . . . . . . . . . . 12. Oil and gas service industry expenditure credit carryover (attach schedule) . . . . . . 12 13. Tentative credit before tax limitation. Add lines 11–12 . . . . . . . . . . . . . 13 AS 43.20.049 O & G Service Industry 14. Oil and gas service industry expenditure credit allowed. Enter lesser of line 10 or line 13, here 14 and on line 43 . . . . . . . . . . . . . . . . . . . . . . . . . 15. Subtract line 14 from line 10 . . . . . . . . . . . . . . . . . . . . . 15 16. Reserved . . . . . . . . . . . . . . . . . . . . . . . . . . 16 17. In-state oil refinery infrastructure expenditures credit carryover (attach schedule) . . . 17 18. Tentative credit before tax limitation. Add amounts on lines 16 and 17. . . . . . . 18 19. Applied to tax. Enter the lesser of line 15 or line 18 here and on line 44 . . . . . . . 19 Refinery AS 43.20.053 20. In-state oil refinery infrastructure expenditures credit available for refund. Subtract line 20 19 from line 18 . . . . . . . . . . . . . . . . . . . . . . . . 21. In-state oil refinery infrastructure expenditures credit requested as a refund. Enter here 21 and on line 37 . . . . . . . . . . . . . . . . . . . . . . . . 22. Subtract line 19 from line 15 . . . . . . . . . . . . . . . . . . . . . 22 0405-6300 Rev 01/01/21 - page 1 |
Form 2020 6300 EIN Name Shown on Return Page 2 23. Exploration.incentive credit – mining (AS 43.20.044). Enter amount from Form 665 . . 23 Mining AS 43.20.04424. Subtract line. 23 from line 22 . . . . . . . . . . . . . . . . . . . . . 24 25. Veteran employment tax credit (AS 43.20.048) current year. Enter amount from Form 25 6325, line 5 . . . . . . . . . . . . . . . . . . . . . . . . . 26. Veteran employment tax credit carryover (attach schedule) . . . . . . . . . . 26 Veterans AS 43.20.048 27. Tentative credit before tax limitation. Add lines 25–26. . . . . . . . . . . . 27 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 Film AS 43.98.030 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 AS 43.55.025 and on line 48 . . . . . . . . . . . . . . . . . . . . . . . . . Alt. Exploration 35. Subtract line 34 from line 32 . . . . . . . . . . . . . . . . . . . . . 35 Part II: Summary of Incentive Credits Claimed as Refunds 36. Reserved. . . . . . . . . . . . . . . . . . . . . . . . . . 36 LNG 37. In-state oil refinery infrastructure expenditures credit refundable portion. Enter amount Storage AS 43.20.047 . . . . . . . . . . . . . . . . . . . . . . . . 37 from line 21 . 38. Total credits claimed as refund. Add lines 36–37, and enter here and on Form 6000, 6100, or 6150, Schedule A, line 12. . . . . . . . . . . . . . . . . . . 38 39. Tax against which federal-based credits may be allowed. Subtract line 38 from 35, but not less than zero (see instructions) . 39 . . . . . . . . . . . . . . . . . . . . 0405-6300 Rev 01/01/21 - page 2 |
Form 2020 6300 EIN Name Shown on Return Page 3 Part III: Summary of Credits Applied Against Tax 40. Gas exploration. and development tax credit (AS 43.20.043). Enter amount from line 2c . . 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 44 line 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45. Exploration incentive credit – mining (AS 43.20.044). Enter amount from line 23 . . . . 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 01/01/21 - page 3 |