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

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

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