• 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 at the Alaska Department of Revenue 

     

Last Modified on November 17, 2020