AK HB203

Adds tax credits for cash contributions to nonprofit foundations incorporated in Alaska that provide fellowships, coordinate mentorships, or provide scholarships primarily for Alaska residents pursuing vocational or higher education.

Extends the new tax credit eligibility across multiple Alaska tax codes: insurance premium tax (AS 21.96.070), corporate income tax (AS 43.20.014), oil and gas production tax (AS 43.55.019), property tax (AS 43.56.018), mining tax (AS 43.65.018), fisheries tax (AS 43.75.018), and floating fisheries tax (AS 43.77.045).

Requires nonprofit foundations to be incorporated in the state and focused primarily on serving Alaska residents for vocational or higher education purposes to qualify for the tax credit.

Takes effect January 1, 2016.