Alaska: tax incentives, credits and advisors
Alaska's state tax credits apply against corporate income tax and industry taxes such as fisheries, mining and oil and gas taxes, administered by the Alaska Department of Revenue.
Facts checked 2026-10-27 against the official sources linked below.
Below are the major Alaska incentives we could verify against an official source, grouped by type. This is not an exhaustive list of every state program. Credits flagged Transferable can be sold or assigned to another taxpayer under state rules; see transferable state tax credits. Each row shows the date we last checked it.
Alaska film and media incentives
| Incentive | Type | Who qualifies | Amount, rate or cap | Transferable | Refundable | Status | Source |
|---|---|---|---|---|---|---|---|
| Film production tax credit | Credit | Film productions approved before the program was repealed | Credits for eligible Alaska film production expenditures; issued credits had six-year expiration dates | No longer available (credits were transferable while the program was active) | Not stated | Expired: repealed July 1, 2015; no new projects accepted | Alaska Department of Revenue, Alaska Tax Credits Last verified 2026-10-27 |
Alaska jobs, investment and enterprise zones incentives
| Incentive | Type | Who qualifies | Amount, rate or cap | Transferable | Refundable | Status | Source |
|---|---|---|---|---|---|---|---|
| Qualified oil and gas service industry expenditure credit | Credit | Corporate income taxpayers manufacturing or modifying oil and gas tangible personal property in Alaska | 10% of qualified expenditures, up to $10 million; 5-year carryforward; expenditures cannot also be deducted | No; not transferable | Not stated | Listed by the Alaska Department of Revenue | Alaska Department of Revenue, Alaska Tax Credits Last verified 2026-10-27 |
| Minerals exploration incentive | Credit | Taxpayers conducting mineral and coal exploration in Alaska | 100% of eligible exploration costs, up to $20 million, applied within 15 years of approval; limited to 50% of the relevant mining license tax, corporate income tax or mineral royalty liability | Not stated | Not stated | Listed by the Alaska Department of Revenue | Alaska Department of Revenue, Alaska Tax Credits Last verified 2026-10-27 |
| Veteran employment tax credit | Credit | Corporate income taxpayers hiring qualified veterans in Alaska | $3,000 per disabled veteran and $2,000 per other veteran employed at least 1,560 hours in 12 months; $1,000 for seasonal hires working at least 500 hours in 3 months | Not stated | Not stated | Listed by the Alaska Department of Revenue | Alaska Department of Revenue, Alaska Tax Credits Last verified 2026-10-27 |
Alaska charitable giving incentives
| Incentive | Type | Who qualifies | Amount, rate or cap | Transferable | Refundable | Status | Source |
|---|---|---|---|---|---|---|---|
| Education and child care tax credit | Credit | Businesses contributing cash or equipment to Alaska universities, colleges, schools, registered apprenticeship programs, qualifying child care facilities and other listed education programs | 50% of qualifying contributions, up to $3 million per taxpayer per year | No; nontransferable | No; nonrefundable | Active; expanded July 1, 2024 to child care and educational resource center contributions | Alaska Department of Revenue, Education Credit; Alaska Department of Revenue, Alaska Tax Credits Last verified 2026-10-27 |
Alaska agriculture incentives
| Incentive | Type | Who qualifies | Amount, rate or cap | Transferable | Refundable | Status | Source |
|---|---|---|---|---|---|---|---|
| Fisheries product development tax credit | Credit | Fisheries businesses placing new value-added processing property into service in Alaska | 50% of qualified expenditures, up to 50% of fisheries business tax liability from processing eligible fish; 3-year carryforward | Not stated | Not stated | Active; the all-species version covers property placed in service from January 1, 2026 and is scheduled for repeal January 1, 2037 (the earlier version is scheduled for repeal January 1, 2027) | Alaska Department of Revenue, Alaska Tax Credits Last verified 2026-10-27 |
Advisors located in Alaska
No advisors in our directory list a Alaska location yet. Browse all advisors, or list your firm.
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Common questions
Does Alaska have a film tax credit?
Not anymore. The Legislature repealed the film production tax credit on July 1, 2015, and the Department of Revenue stopped accepting new projects.
What is the Alaska education tax credit?
A nontransferable, nonrefundable credit of 50% of qualifying contributions to education and child care programs, up to $3 million per taxpayer per year.
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