Alaska
310
Alternative Tax Credit for Oil and Gas
Exploration under AS 43.55.025
Schedule B - Seismic
Federal EIN
Date of Claim
Name of Single Explorer or Designated Joint Applicant
Seismic or geophysical project name or description
Credit applied for seismic or geophysical (select from drop down)
Nearest unit boundary attach a survey plat of seismic area and the nearest
unit
AS 43.55.025(o) for 75% not to exceed $7,500,000
Date seismic exploration started
Date seismic exploration completed
Total area (square miles) under seismic exploration
Area (square miles) under seismic exploration within a production or
exploration unit
Proportion of total area qualifying for credit (%)
Proportion of total area excluded from qualifying for credit (%)
0.00%
0.00%
Qualified Seismic or Geophysical Exploration Expenditures
1) Contractors
2) Labor costs
3) In-state transportation of personnel
4) Transportation of equipment
5) Survey equipment, rental
6) Survey equipment, owned
7) Leased or owned transportation equipment
8) Camp quarters and subsistence
9) Aviation or marine equipment, rental
10) Aviation or marine equipment, owned
11) Mapping
12) Fuel
13) Supplies
14) Repairs
15) Offsite equipment, rental
16) Offsite equipment, owned
17) Communications
18) Construction of roads, docks, heli-pads and landing strips
19) Other
20) Total qualifying expenditures for credit
$
21) Less: Proportion of expenditures for seismic conducted within an existing unit boundary
$
22) Less: Reimbursements or payments received for qualifying expenditures
23) Adjusted qualifying expenditures for seismic exploration credit
$
0.00%
24) Credit percentage allowed (5%, 40% or 75%)
25) Amount of credit claimed (line 23 x line 24)
$
Total claimed credit is carried to Exploration Credit Summary.
This form is available online at
Submit completed applications via the Tax Division Online Tax
Information System (OTIS) at
310
0405-310 Rev 09/06/13- page 3