Section 16.51.150. Determination of value.

   (a) Upon request from the director of elections, the commissioner of revenue shall determine
        (1) the total value of seafood products produced in Alaska during any calendar year;
        (2) whether the eligible processors approving the levy or termination of a seafood marketing assessment together produced at least 51 percent of the total value of seafood products produced in Alaska during the calendar year; or
        (3) whether the eligible processors petitioning for an election under AS 16.51.130(b)(2) together produced at least 25 percent of the total value of seafood products produced in Alaska during the calendar year.
   (b) The total value of seafood products produced in Alaska in a calendar year is the sum of the
        (1) total value of the fisheries resource on which the tax imposed under AS 43.75.015 and 43.75.100 is levied in that calendar year; and
        (2) total value of the fisheries resource on which the tax imposed under AS 43.77 is levied in that calendar year.
   (c) The value of seafood products produced in Alaska by a processor during a calendar year is the sum of the
        (1) total value of the fisheries resource on which the processor must pay the tax imposed under AS 43.75.015 and 43.75.100 in that calendar year; and
        (2) total value of the fisheries resource on which the processor must pay the tax imposed under AS 43.77.010 in that calendar year.

Authorities

16.51.120

Notes

Implemented As

15 AAC 116.610
15 AAC 116.700

References

AS 16.51.120 Seafood marketing assessment.

History

(Sec. 3 ch 106 SLA 1981; am Sec. 10, 11 ch 81 SLA 1996)