Alaska's Education Tax Credit Program

Businesses can receive tax credits for qualifying cash contributions made to public school districts and directly benefit children in your community

Frequently Asked Questions

• Which type of taxes can be reduced by the Education Tax Credit?
  • Alaska Net Income Tax (Corporate Tax) (AS 43.20.014(a))
  • Mining License Tax (AS 43.65.018(a))
  • Fisheries Business Tax (AS 43.75.018(a))
  • Fishery Resource Landing Tax (AS 43.77.045(a))
  • Oil and Gas Production Tax (AS 43.55.019(a))
  • Oil and Gas Property Tax (AS 43.56.018(a))
  • Insurance Tax (AS 43.21.96.070(a)
    
    
• Is it the donor’s responsibility to obtain and retain proper documentation to verify that the cash contribution was given to a qualifying organization/agency and that the donated money went to qualifying expenditures?
  • Yes. It is the taxpayer’s responsibility to obtain enough support to verify that both the recipient and the expenditure qualify under the Education Credit statutes. 
    
    
• If I give a cash contribution to a public elementary or secondary school, what types of expenditures qualify for the Education Credit?
  • Direct instruction
  • Education support purposes
  • Facility
  • Research
    
    
• If I give a cash contribution to a school district, what types of expenditures qualify for the Education Credit?
  
  • Secondary school level vocational education courses, facilities, and programs
  • Early learning and development programs
  • Educational support to early learning and development programs
    

More information is at the Alaska Department of Revenue