Alaska 6321 facility online-2026

1. Click ‘Get Form’ to open it in the editor.
2. Begin by entering your EIN and the name shown on your return at the top of the form.
3. Fill in the location of the facility and the date when commercial operations commenced.
4. In Part I, answer the qualifying questions regarding operation status, regulation, and compliance with lease terms. Select 'yes' or 'no' as applicable.
5. Provide details about the working gas capacity of your facility in thousands of cubic feet. Calculate credit available before limitations by multiplying this figure by $1.50.
6. Enter costs incurred to establish the facility and calculate credit limitation based on this cost by multiplying it by 25%.
7. Determine overall credit limitations, which is the lesser of line 4 or $15,000,000, and then find your tentative credit.
8. Complete Part II if applicable, noting any cessation of operations and calculating any increase to tax based on previous credits taken.

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