Alaska Education Tax Credits

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