INCENTIVE DESCRIPTION

State:	AK
Incentive Type:	Income/Franchise Tax Incentives and Credits
Incentive Title:	Other Tax Credits
Description:	EXPLORATION INCENTIVE: Approved expenditures from certain mineral exploration activities serve as deductible credits which can be applied against future state mining license tax and corporate income tax or state royalty owed from mine production resulting from exploration efforts. Approved credits may not exceed $20 million.
Eligibility Requirements:	Exploration activities and their expenditures, which qualify under this program, are: (1) Geochemical and geophysical survey programs, (2) Exploration drilling, (3) Underground exploration, (4) Surface trenching and bulk sampling, and (5) Other exploration work, including aerial photo, logging, sample analysis, and metallurgical work
Geographic Restrictions:	Subject to Authorized Mining Areas
Granting Authority:	State of Alaska

The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com

Impotant Legal Information Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives.