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n for approval. 05 (b) Except as provided in (k) of this section, the base amount of a tax credit 06 awarded under this section is equal to 30 percent of the qualified expenditures of a 07 production. 08 (c) In determining the amount of the tax credit and subject to approval by the 09 Alaska Film Incentive Review Commission, the applicable percentage provided by (b) 10 of this section shall be increased by the film office based on the following criteria: 11 (1) an additional 20 percent of qualified expenditures that are wages 12 paid to Alaska residents; 13 (2) an additional six percent of qualified expenditures made in a rural 14 area; and 15 (3) an additional two percent of qualified expenditures made in the 16 state between October 1 and March 30.

In place of the 30 percent credit applicable to qualified expenditures under 30 (a) of this section, the tax credit for expenditures for services performed in the state, 31 including all salaries, wages, compensation, and related benefits, by producers, 01 directors, writers, and principal actors that fail to meet the eligibility requirements for 02 a permanent fund dividend in AS 43.23.005(a)(2) - (7), and all entities representing 03 producers, directors, writers, and principal actors that fail to meet the eligibility 04 requirements for a permanent fund dividend in AS 43.23.005(a)(2) - (7), is five 05 percent. The amount of the five percent credit may be increased by adding an amount 06 equal to 50 percent of the qualified expenditures paid to residents of the state under 07 AS 44.25.130(a)(10) and 50 percent of the qualified expenditures paid under 08 AS 44.25.130(a)(11) - (13) and (15). In this subsection, "principal actors" means the 09 five highest compensated actors or entities representing the five highest compensated 10 actors in the production.