Alaska Native Corporations

An Alaska Native Corporation is an “applicable entity” under section 6417. Therefore, an Alaska Native Corporation can make an elective payment election but cannot elect to transfer credits. However, an Alaska Native Corporation also can be the parent of a consolidated group of corporations that includes subsidiaries that are not applicable entities. Those subsidiaries can potentially earn clean energy credits that are eligible for a transfer election.

To accommodate this unique combination of factors, a registrant that:

• identifies as an Alaska Native Corporation in the Registrant Type field (see– Registrant Type), and

• answers “Yes,” that it is the Parent of a consolidated group of corporations (see – Parent of a Consolidated Group of Corporations),

will see the Choice of Election question for every credit for which a transfer election could be made by a C corporation that is not an Alaska Native Corporation.

An Alaska Native Corporation in this situation must carefully select the appropriate choice of election for each property or facility. An error in the choice of election will delay processing of the registration request.