2017-04-10                     House Journal                      Page 1018
Amendment No. 1 was offered  by Representative Wilson:                                                                           
                                                                                                                                
Page 1, line 8, following "production;" (title amendment):                                                                    
     Insert "relating to the fisheries business tax and the fishery                                                           
resource landing tax;"                                                                                                        
                                                                                                                                
Page 34, following line 5:                                                                                                      
     Insert new bill sections to read:                                                                                          
   "* Sec. 28. AS 43.75.015(a) is amended to read:                                                                            
         (a)  A person engaged in a fisheries business is liable for and                                                        
     shall pay the tax levied by this section on the value of each of the                                                       
     following fisheries resources processed during the year at the rate                                                        
     set out after each:                                                                                                        
              (1)  salmon canned at a shore-based fisheries business -                                                          
     5.5 [FOUR AND ONE-HALF] percent;                                                                                       
              (2)  salmon processed by a shore-based fisheries business,                                                        
     except salmon for which the tax is due under (1) of this                                                                   
     subsection, and all other fisheries resources processed by a shore-                                                        
     based fisheries business - four [THREE] percent;                                                                       
              (3)  fisheries resources processed by a floating fisheries                                                        
     business - six [FIVE] percent.                                                                                         
   * Sec. 29. AS 43.75.015(b) is amended to read:                                                                             
         (b)  Instead of the taxes levied by (a) of this section, a person                                                      
     who processes a developing commercial fish species is liable for                                                           
     and shall pay a tax equal to                                                                                               
              (1)  one percent of the value of the developing                                                                   
     commercial fish species processed by a shore-based fisheries                                                               
     business during the year; and                                                                                              
              (2)  four [THREE] percent of the value of the developing                                                      
     commercial fish species processed by a floating fisheries business                                                         
     during the year.                                                                                                           
   * Sec. 30. AS 43.75.015(d) is amended to read:                                                                             
         (d)  Instead of the taxes levied under (a) or (b) of this section,                                                     
     a person who processes a fishery resource under a direct                                                                   
     marketing fisheries business license is liable for and shall pay a                                                         
     tax equal to                                                                                                               
              (1)  one percent of the value of the developing                                                                   
     commercial fish species processed during the year; and                                                                     
              (2)  four [THREE] percent of the value of a commercial                                                        
     fish species not subject to (1) of this subsection.