Form 0405-680 - Fishery Resource Landing Tax Return - 2013 Page 14

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Taxpayer name
680
Federal EIN or SSN
Alaska Fishery Resource Landing Tax Return
Schedule 5 - A.W. “Winn” Brindle Credit
A. W. “Winn” Brindle Memorial Scholarship Credit
Limitation: The credit is limited to 5% of the landing tax liability.
Explanation. A taxpayer is allowed a credit for contributions made during the
tax year to the A. W. “Winn” Brindle Memorial Scholarship Fund. Include written
verification from the Post Secondary Education Commission confirming the
contribution date and amount.
Department use only
Total tax before credits. Enter the amount from page 1, line 1c
1
1
A.W. “Winn” Brindle Memorial Scholarship contribution made during the year
2
2
Multiply line 1 by 5% (.05)
3
3
Enter the lesser of line 2 or 3 here and on Page 1, line 2c
4
4
Alaska Fishery Resource Landing Tax Return
Schedule 6 - Education Credit
Explanation of Credit
Taxpayers may claim as a credit a portion of contributions to qualifying Alaska colleges and universities, vocational programs, annual
intercollegiate sports tournaments, Alaska Native cultural/heritage programs for public school staff and students or to a facility that
qualifies as a coastal ecosystem learning center.
Limitation
The maximum education credit is $5 million, determined by taking 50% of the first $100,000 of contributions, 100% of the next $200,000,
and 50% of the remaining contribution that exceeds $300,000. The credit shall not exceed the accumulated tax liability reported for the
entire tax year and cannot be carried over to another year.
Contribution(s)
Name of contribution recipient
Date
Amount
Total qualified contributions made during this year
1
1
2
Multiply the lesser of line 1 above or $100,000 by 50%
2
3
Enter 100% of the next $200,000 of contributions from line 1 above
3
4
Enter 50% of the amount that exceeds $300,000 of contributions from line 1 above
4
5
Total credit. Add lines 2, 3 and 4.
5
Total allowable credit. Enter here and on page 1, line 2d, the lesser of: a) line 5 above,
6
6
b) page 1, line 1c minus lines 2a, 2b, and 2c, or c) $5,000,000.00
680
0405-680 Rev 12/19/13 - page 14

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