Form 0405-331.1 - Alaska Oil And Gas Production Tax Credit Application For A Transferable Tax Credit Certificate

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Instructions for Form 0405-331
State of Alaska
Application For Transfer of
Department of Revenue
Tax Division
Alaska Oil and Gas Production Tax Credit Certificate
550 W 7th Ave Ste 500
AS 43.55.023
Anchorage AK 99501-3566
Phone 907.269.6620
Fax 907.269.6644
This form is available online at
1.
To apply for a Transferable Tax Credit Certificate under AS 43.55.023(a) and/or AS 43.55.023(b), a seller or
transferor shall complete and file with the Department of Revenue, Tax Division, page 1 of this form 0405-
331.1, Application for a Transferable Tax Credit Certificate. The division will notify the applicant by letter of
the issuance of a tax credit certificate in the division's electronic database, including the certificate number,
type of certificate, amount and date of issuance.
To report a sale or transfer of an Alaska Oil and Gas Production Tax Credit Certificate, a seller or transferor
2.
shall file with the Department of Revenue, Tax Division, form 0405-331.2, Application for Transfer of Alaska
Oil and Gas Production Tax Credit under AS 43.55.023 Transfer for tax credit certification is effective on the
date the department sends notice to the transfer that the certificate has been transferred (15 AAC 55.3
65(D)) Use additional copies of form 0405-331.2 if more than one transferee. If any of the credit is retained
by the transferor, the division will issue a replacement certificate in the transferor's name for the amount of
credit retained, upon receipt and approval of form 0405-331.2. Transfers are not effective until aproved by
the department.
3.
A seller of a Transferable Tax Credit Certificate must complete the Waiver of Confidentiality, form number
0405-331.3, authorizing the division to disclose to the named potential transferees the existence and
amount of the transferable credit certificate(s) held by the transferor.
To request a replacement of an Alaska Oil and Gas Production Tax Credit Certificate under
4.
AS 43.55.023(e), in the amount of an unused credit carry forward, use form 0405-330.9, Schedule D.
Form 0405-331. Instructions web new 03/09 • Instructions

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