Alaska Qualified Oil and Gas Service Industry
                             Expenditure Credit (AS 43.20.049)
Form            For calendar year _____ or the taxable year beginning _________, _____, ending __________, ____
    6327

EIN                                     Name Shown on Return

1. Qualified oil and gas service industry expenditures incurred in Alaska in this tax year . . . . . 1

2. Enter lesser of line 1 or $100,000,000 (see instructions)  . . . . .  . . . .           . . . . . 2

3. Tentative current year credit.  Multiply line 2 by 10% . . . . . . .  . . . .           . . . . . 3
   Report the amount on line 3 as indicated below:
     •  Corporations, Form 6300, line 11
     •  Partnerships, Form 6900, Schedule A, line 14

GENERAL INSTRUCTIONS                                              SPECIFIC INSTRUCTIONS

Purpose of Form                                                   Complete one Form 6327 for each corporation that incurred 
Use Form 6327 to calculate the potential current Qualified  qualifying expenditures in Alaska. Attach additional Forms 
Oil and Gas Service Industry Expenditure Credit.                  6327 as necessary.

General Instructions                                              Line 1: Enter the total amount of qualified expenditures 
Effective for tax years beginning after December 31, 2013,  incurred in Alaska in this tax year.
a taxpayer may claim a credit against its Alaska corporate 
income  tax  for  qualified  oil  and  gas  service  industry     Line 2: Enter on line 2 the lesser of line 1 or $100,000,000. 
expenditures under AS 43.20.049. The amount of credit is   This is the amount of expenditures that are the basis of any 
10%  of  qualified  expenditures,  up  to  a  maximum  of  potential credit.
$10,000,000 per tax year.
                                                                  The taxpayer may not claim a deduction when calculating 
Expenditures that qualify for this credit are those incurred      Alaska corporate net income tax for an expenditure that is
in Alaska  which  are  directly  attributable  to  the  in-state  the basis of a service industry credit. The amount on line 
manufacture or modification of tangible personal property         2 must be added back to Alaska taxable income. Enter the 
with a useful life of three years or more and used to explore,    amount from line 2 on the appropriate schedule as follows:
develop  or  produce  oil  or  gas.  Qualifying  expenditures 
include services and supplies used to manufacture or modify       Form 6000        Schedule H, line 4e 
tangible personal property. Qualifying expenditures do not        Form 6100        Schedule G, line 3h
include  components  or  equipment  used  in  the  process        Form 6150        Schedule G, line 3h or Schedule H, line 4e
of the manufacturing or modification, and do not include 
expenditures for facilities.                                      If  the  expenditure  is  incurred  by  an  entity  taxed  as  a 
                                                                  partnership, the expense add-back is reported on Form 6900 
If the credit is not fully utilized, it may be carried forward for  Alaska Partnership Return on Schedule A, line 3. See Form 
five years. If a portion of the credit is carried forward to a  6900 with associated instructions.
subsequent year, and additional qualified expenditures are 
made in that subsequent year, the taxpayer may claim a            Line 3: Multiply line 2 by 10%. This is the tentative credit 
maximum of $10,000,000 in that subsequent year.                   generated in this tax year.

If  the  expenditure  is  incurred  by  an  entity  taxed  as  a 
partnership, the credit is reported on Form 6900 Alaska 
Partnership Return, and may be claimed by a corporate 
partner to offset the Alaska corporate tax of that partner.

                                                                                                       0405-6327  Rev 01/01/19