State R&D Tax Credits

Alaska

Credit Name: Qualified Research and Development Tax Credit

Expiration Date: Permanent

Does it apply to C corps and pass-through entities?: Yes

Credit Carry forward: 7 years – credit available beginning 2012

Description: 20% of the excess QREs over the average of the prior 3 years’ QREs, Federal definition of QREs using only Alaska QREs

Other Notes: Companies may not claim both the federal and Alaska credits for the same QREs. Expenditures may not be claimed for any other federal or state credit.