Instructions For Credit And Certificate Applications Under As 43.55.023 Page 2

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producing properties in Cook Inlet and Gas Used
Department of Revenue may disclose to the Alaska
in State, complete the annual tax return. There are
Department of Natural Resources the information
different calculations for each segment in which a loss
contained herein or obtained upon examination of
occurred, read the applicable statutes and regulations
books and records for the exploration expenditures for
for guidance.
which the credit is claimed.
Schedule D for the Transitional Investment
QUESTIONS? CONTACT US AT:
Expenditure (TIE) Credit under AS 43.55.023(i).
This credit cannot be issued as a certificate.
TAX DIVISION, PRODUCTION TAX GROUP
ALASKA DEPARTMENT OF REVENUE
Schedule E
550 W 7TH AVE STE 500
Must be completed if a certificate is requested to
ANCHORAGE AK 99501-3555
Telephone 907-269-6620
verify that the required documentation has been
filed. If something is not applicable to the current
Fax 907-269-6644
credit claim, check the box provided and complete the
Notes column to explain why it is not applicable (for
example if the expenditures were incurred for seismic
exploration, no well completion report is required). If
any of the information or documentation required was
provided in conjunction with another claim and has not
changed for the current claim, list the date(s) that it
was provided, the file name(s), and the method that
the documentation of the information was provided
(i.e. via OTIS, email, mail, etc.) in the Notes column.
Additional copies of the same documentation or
information is not required.
Claim forms are encouraged to be submitted through
the Tax Division’s Online Tax Information System
(OTIS) at , but may also be
delivered or mailed to the address listed at the bottom
of the page.
OTHER FORMS & INFORMATION
To report the sale or transfer of an Alaska Oil and
Gas Production Tax Credit Certificate, use Form 315,
Notice of Transfer of Alaska Oil and Gas Production
Tax Credit.
To apply an Alaska Oil and Gas Tax Credit Certificate
to production tax liabilities use Form 320, Alaska Oil
and Gas Exploration Tax Credit Applied to Oil & Gas
Production Tax.
To apply for the State of Alaska to purchase your
Alaska Oil and Gas Tax Credit Certificate under AS
43.55.028, use Form 325.
These forms can be found on our website at
alaska.gov under the forms section for Oil and Gas
Production Tax.
By submitting this application and claiming a credit
under AS 43.55.023, it is understood that the Alaska
0405-330i Rev 01/13 - page ii

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