Instructions For Alaska Notice Of Assignment Of Tax Credit Certificates Under As 43.55.029

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Instructions for Alaska Notice of Assignment of Tax
Credit Certificates under AS 43.55.029
Section 1
Section 5
Complete all the identifying information for the "Assignor" - the
AS 43.55.029(b)(4) states that an applicant must "specify
explorer or producer applying for tax credit certificate and giving
an account with a bank located in the state, with sufficient
notice of the assignment.
information for the electronic transfer of funds, to receive any
future proceeds from the purchase of the tax credit certificate
under AS 43.55.028(e)." The Division of Finance requires
Section 2
that the "Electronic Payment Agreement for Vendors Doing
Complete all the identifying information for the "Assignee" - the
Business with the State of Alaska" form at
person or entity receiving the assignment rights.
gov/dof/forms/resource/EDI_agreement.pdf
be completed
for electronic transfers of funds. This form should contain
Section 3
the assignee's bank information. A seperate form may be
Identify the type of credit and the date the credit application
submitted with the assignor's bank information.
that is being assigned was provided to the Department. Per AS
43.55.029(a), the assignment may be made either at the time the
credit application is filed with the Department or not later than 30
Section 6 and Page 2 of this form is OPTIONAL
days after the date of filing the credit application with the department.
A limited waiver of confidentiality may be filed to allow the
release of certain confidential info to the Assignee. By nature
Under AS 43.55.023, the date of filing the credit application is the
of the assignment, the amount of tax credit certificate issued
date that the Department receives a completed Form 0405-330, the
by the Department and available to the assignee is not
"Alaska Oil and Gas Production Tax Credits and Certificates Under
confidential.
AS 43.55.023" application and requests a tax credit certificate.
The limited waiver of confidentiality is optional.
That
Under AS 43.55.025, the date of filing the credit application is the
information may be provided to the Assignee only if specifically
date that the Department receives a completed Form 0405-310,
allowed by this agreement.
the "Alternative Tax Credit for Oil and Gas Exploration Under AS
43.55.025" application.
Section 4
Specify the type of interest that is being assigned. Under AS
43.55.029(b)(3), the interest must be expressed as either an
amount in dollars, which may not exceed 90 percent of the credit
applied for, or a percentage of the credit to be issued by the
Department.
0405-355i Rev 07/13 - page 1

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