Section 43.77.010. Landing tax.

A person who engages or attempts to engage in a floating fisheries business in the state and who owns a fishery resource that is not subject to AS 43.75 but that is brought into the jurisdiction of, and first landed in, this state is liable for and shall pay a landing tax on the value of the fishery resource. The amount of the landing tax is
        (1) for a developing commercial fish species, as defined under AS 43.75.290, one percent of the value of the fishery resource at the place of landing;
        (2) for a fish species other than a developing commercial fish species, three percent of the value of the fishery resource at the place of the landing.

Authorities

16.51.150;43.77.035;43.77.060

Notes

Recent Bills that will modify this

HB 251 ELECTRONIC TAX RETURNS & FISHERIES TAXES
HB4001 OMNIBUS TAXES & CREDITS; MINING LICENSES
HB4006 FISHERIES: TAXES; PERMITS
HB5002 OMNIBUS TAXES & CREDITS; MINING LICENSES
SB 135 ELECTRONIC TAX RETURNS & FISHERIES TAXES
SB4001 OMNIBUS TAXES & CREDITS; MINING LICENSES
SB5002 OMNIBUS TAXES & CREDITS; MINING LICENSES

Implemented As

15 AAC 77.005
15 AAC 77.030
15 AAC 77.040
15 AAC 77.045

References

15 AAC 77.030
AS 16.51.150 Determination of value.
AS 43.77.035 [Repealed December 31, 2016]. Tax credit for scholarship contributions.
AS 43.77.060 Revenue sharing.

History

(Sec. 1 ch 67 SLA 1993; am Sec. 21 ch 81 SLA 1996)