Form 308 - Oil And Gas Production Tax Education Credit - 2013

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Alaska
308
Oil and Gas Production Tax Education Credit
under AS 43.55.019
Form effective for tax liability incurred 1/1/2011 through 12/31/2013
Taxpayer Name
Federal EIN
Recipient
Date
Amount
1
Amount of qualified cash contribution(s)
1
$0.00
2
Multiply the lesser of line 1 or $100,000 by 50% (.50)
2
$0.00
3
Enter 100% of the next $200,000 of contributions
3
$0.00
4
Enter 50% of contributions that exceed $300,000
4
$ 0.00
Total Alaska Education Credit. Add lines 2, 3 and 4
5
5
$0.00
(limited to $5,000,000)
Tax year credit is applied to ___________
Explanation of Credit. A producer of oil or gas is allowed a
Limitation. The credit is limited to 50 percent of contributions
credit against the tax due under this chapter for cash contributions
of not more than $100,000; 100 percent of the next $200,000 of
accepted (1) for direct instruction, research, and educational
contributions; and 50 percent of the amount of contributions that
support purposes, including library and museum acquisitions, and
exceed $300,000. A contribution claimed as a credit under this
contributions to endowment, by an Alaska university foundation
section may not be the basis for a credit claimed under another
or by a nonprofit, public or private, Alaska two-year or four-year
provision of this title; and when combined with contributions that are
college accredited by a regional accreditation association; (2) for
the basis for credits taken during the taxpayer’s tax year under AS
secondary school level vocational education courses, programs,
21.89.070, 21.89.075, AS 43.20.014, AS 43.56.018, AS 43.65.018,
and facilities by a school district in the state; (3) for vocational
AS 43.75.018, or AS 43.77.045, result in the total amount of credits
education courses, programs, and facilities by a state-operated
exceeding $5,000,000; if the taxpayer is a member of an affiliated
vocational technical education and training school; and (4) for a
group, then the total amount of credits may not exceed $5,000,000
facility by a nonprofit, public or private, Alaska two-year or four-
for the affiliated group; in this paragraph, “affiliated group” has the
year college accredited by a regional accreditation association.
meaning given in AS 43.20.073.
I declare that the information provided above is true, correct, and complete and that this credit has not been taken against another tax under
title 43.
Signature
Date
Printed Name
Title
This form is available online at
Submit completed applications via the Department’s Online
Tax Information System (OTIS) at
308
Mail to: Alaska Department of Revenue, 550 W 7th Ave STE 500, Anchorage AK 99501-3555
0405-308 Rev 01/13

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