Alaska Gas Storage Facility Tax Credit: Early Cessation of ... 2026

1. Click ‘Get Form’ to open it in the editor.
2. Begin by entering your EIN and the contact person's details, including name, title, mailing address, email, city, state, zip code, and telephone number.
3. Provide the location of the facility and the date when commercial operations commenced.
4. Indicate the date that commercial operations ceased. This is crucial for notifying the Department of Revenue regarding early cessation.
5. Fill in the total amount of credit taken in previous tax years and the number of years that the facility was in commercial operation.
6. Calculate the difference between 10 years and the number of operational years entered previously. Enter this value.
7. Divide the result from step 6 by 10 to determine your tax due multiplier.
8. Finally, multiply the total credit from step 5 by the result from step 7 to find your tax due.
9. Complete the declaration section with authorized signatures and dates for both taxpayer and preparer if applicable.

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