Home
Forms Library
Corporate Income Tax Credits - Alaska Department of Revenue - Tax ...

Corporate Income Tax Credits - Alaska Department of Revenue - Tax ... 2026

Corporate Income Tax Credits - Alaska Department of Revenue - Tax ... Preview on Page 1

See details

4.4 out of 5

137 votes

The document outlines the procedures and requirements for taxpayers in Alaska to claim the Exploration Incentive Credit against the Mining License Tax and Corporation Net Income Tax. It includes forms and schedules that must be completed, detailing available credits, tax liabilities, and calculations necessary for claiming the credit. The document emphasizes the need for accurate reporting of exploration expenditures and provides guidelines on how to compute the allowable credits.

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

How to use or fill out Corporate Income Tax Credits - Alaska Department of Revenue - Tax ... with our platform

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Click ‘Get Form’ to open it in the editor.
Begin by entering your Year Ending date, EIN, or SSN, along with your business name and contact details in the designated fields.
In the 'Exploration Incentive Credit Available' section, input the total current year available credit from Schedule A into line 1.
For line 2, enter the tentative credit from Schedule C. If multiple Schedules C are attached, sum them up.
Complete line 3 by entering your total Mining License tax liability before credits as indicated on Form 662.
Calculate and enter 50% of line 3 on line 4.
On line 5, report the lesser value among lines 1, 2, or 4 as your Exploration Incentive Credit.
Proceed to fill out the Corporation Net Income Tax section similarly by following lines 6 through 9 for accurate reporting.

Start using our platform today to streamline your form completion process for free!

See more Corporate Income Tax Credits - Alaska Department of Revenue - Tax ... versions

We've got more versions of the Corporate Income Tax Credits - Alaska Department of Revenue - Tax ... form. Select the right Corporate Income Tax Credits - Alaska Department of Revenue - Tax ... version from the list and start editing it straight away!

Versions	Form popularity	Fillable & printable
2016	4.8 Satisfied (133 Votes)
2013	4.4 Satisfied (137 Votes)

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

How much is income taxed in Alaska?

There are no statewide income or sales taxes, but residents do still pay some local sales taxes. There are also property taxes that are above the national median.

How to claim the income tax credit?

Federal EITC requires filing of your federal return (form 1040EZ, 1040 or 1040A and Schedule Earned Income Credit). You can also file amended returns for three years back if you did not claim your EITC or CTC in prior years. There is no late filing penalty if you do not owe any tax in the prior year.

What tax does Alaska not have?

There is no statewide sales tax levied. There is no personal state income tax.

How much is $100,000 after taxes in Alaska?

$51 hourly is how much per year? What is the average salary in United States of America? If you make $100,000 a year living in the region of Alaska, United States of America, you will be taxed $22,671. That means that your net pay will be $77,329 per year, or $6,444 per month.

What is the corporate income tax in Alaska?

2025 State Corporate Income Tax Rates Brackets StateRates Alaska 9.40% Arizona 4.90% Arkansas 1.00% Arkansas 2.00% 77 more rows Jan 21, 2025

Security and compliance

At DocHub, your data security is our priority. We follow HIPAA, SOC2, GDPR, and other standards, so you can work on your documents with confidence.

Learn more

Does Alaska have a corporate income tax?

Alaska does not have an individual income tax. Alaska has a graduated corporate income tax, with rates ranging from 0.0 percent to 9.4 percent. Alaska does not have a state sales tax but has an average combined state and local sales tax rate of 1.82 percent.

How does a corporate tax credit work?

Tax credits are economic development subsidies that reduce a companys taxes by allowing it to deduct all or part of certain expenses from its income tax bill on a dollar-for-dollar basis. Tax credits are usually granted for a particular kind of corporate activity a state wants to promote.

Is the corporate tax rate still 21%?

Since January 1, 2018, the nominal federal corporate tax rate in the United States of America is a flat 21% following the passage of the Tax Cuts and Jobs Act of 2017.

Corporate Income Tax Credits - Alaska Department of Revenue - Tax ... 2026

Here's how it works

How to use or fill out Corporate Income Tax Credits - Alaska Department of Revenue - Tax ... with our platform