Form 0405-574 - Fisheries Business Tax Annual Return - 2013 Page 32
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46Taxpayer Name
Federal EIN or SSN
Fisheries Bus. Lic. #
574
Alaska Fisheries Business Tax Annual Return
Schedule WB & Schedule EC
Schedule WB A.W. “Winn” Brindle Scholarship Credit
Explanation of Credit
A taxpayer is allowed a credit for contributions made during the tax year to the A.W. “Winn” Brindle Memorial Scholarship
Fund.
Limitation
The credit is limited to 5% of the fisheries business tax liability. Complete only one schedule. If your fisheries business files
more than one return, use this schedule for only one return
Total tax before credit. Enter the amount from page 1, line 1c, of your Alaska
1
1
Fisheries Business Tax Return
A.W. “Winn” Brindle Scholarship contribution made during this year
2
2
Multiply line 1 by 5% (.05)
3
3
Compare the amounts on lines 2 and 3. Enter the lesser amount here and
4
4
on Page 1, line 2a,
Schedule EC 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
Multiply the lesser of line 1 above or $100,000 by 50%
2
2
Enter 100% of the next $200,000 of contributions from line 1 above
3
3
Enter 50% of the amount that exceeds $300,000 of contributions from line 1 above
4
4
Total credit. Add lines 2, 3 and 4.
5
5
Total allowable credit. Enter here and on page 1, line 2b, the lesser of: a) line 5 above,
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6
b) page 1, line 1c minus lines 2a and 2c, or c) $5,000,000.00
574
0405-574 Rev 12/19/13 - page 32
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