Alaska and the R&D Tax Credit

Alaska does not offer a state-specific Research and Development (R&D) tax credit, which means businesses operating within the state cannot claim a credit against state taxes for qualifying R&D activities. However, Alaska is home to several key industries, including oil and gas, fishing, tourism, mining, and renewable energy, all of which often engage in innovative practices and technological advancements. Despite the lack of a state R&D credit, businesses in these industries may still be eligible to claim the federal R&D tax credit.