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State by State Incentives Guide

Buisness Facilities Contributed Content

Oil and Gas Service Industry Manufacturing Credit (AS 43.20.049): As part of the More Alaska Production Act passed in 2013, this is a credit of 10% of qualified oil and gas industry service expenditures, up to $10 million per taxpayer per year. Certain geothermal and open- or closed- loop biomass systems qualify through December 31, 2013.

Income 108
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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

Loan proceeds are to be used for working capital, inventory, equipment purchase, and real property improvements but cannot be used for refinancing of existing debt or outstanding debt payments. The credit is claimed two years later, in 2013, 2014 and 2015, respectively. The program ends December 2016.

Income 75