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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.
- 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
- Which type of taxes can be reduced by the Education Tax Credit?
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Rebecca Hurbi
Executive Director
Communications, Development, & Engagement
rebecca.hurbi@k12northstar.org
(907) 452-2000 x11403
Sheena Cummings
Director of Grants and Partnerships
sheena.cummings@k12northstar.org
(907) 452-2000 x11225Britt Larson
Grants and Partnerships Specialist
britt.larson@k12northstar.org
(907) 452-2000 x11257Vacant
Business Partnership Development Intern
Last Modified on July 31, 2023