Alaska Education Tax Credit

Industry-driven investment in the University of Alaska

The Education Tax Credit was established in 1987 to encourage Alaska businesses to invest in Alaska’s educational institutions. The credit is a partnership that provides mutual benefit for industry, the university, and the State of Alaska. If a business owes the State of Alaska a tax liability and it makes a contribution to a qualified educational institution, it may be eligible for a credit against state taxes.

These taxes include:

  • Fisheries Business/Fisheries Resource Landing Tax
  • Corporate Income Tax
  • Insurance Premium/Title Insurance Tax
  • Mining License Tax
  • Oil and Gas Production, Transportation, & Property Tax

The Education Tax Credit provides a significant public benefit for Alaska by incentivizing private companies to invest in education. This strengthens university partnership with important state industries including seafood, mining, banking, tourism and energy. The credit pairs the needs of the private sector with the work of educational institutions, enhancing workforce development, funding research, and providing the university with diverse sources of revenue. The University of Alaska substantially benefits from this program, annually receiving $3-$5 million in private sector investment. Over the past three years, every dollar of credit issued by the state, has leveraged an additional $0.51 in educational investment.

For more information about the Education Tax Credit and how you can make an impact at UA, please contact the University of Alaska Foundation.

Additional resources