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Alaska 6321 facility online-2026
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- Click ‘Get Form’ to open it in the editor.
- Begin by entering your EIN and the name shown on your return at the top of the form.
- Fill in the location of the facility and the date when commercial operations commenced.
- In Part I, answer the qualifying questions regarding operation status, regulation, and compliance with lease terms. Select 'yes' or 'no' as applicable.
- 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.
- Enter costs incurred to establish the facility and calculate credit limitation based on this cost by multiplying it by 25%.
- Determine overall credit limitations, which is the lesser of line 4 or $15,000,000, and then find your tentative credit.
- 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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