00 HOUSE BILL NO. 133                                                                                                      
01 "An Act amending the definition of `value' for purposes of administration of                                            
02 fisheries taxes; and providing for an effective date."                                                                  
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
04    * Section 1.  AS 43.75.290(11) is repealed and reenacted to read:                                                    
05   (11)  "value" means                                                                                                  
06   (A)  the market value of the fisheries resource if the taking of                                                    
07 the fisheries resource is done in company-owned or company-subsidized boats                                             
08 operated by employees of the company or in boats that are operated under lease                                          
09 to or from the company or other arrangement with the company and if the                                                 
10 fisheries resource is delivered to the company; in this subparagraph, "company"                                         
11 means a fisheries business, a subsidiary of a fisheries business, or a subsidiary                                       
12 of a parent company of a fisheries business; or                                                                         
13   (B)  for fisheries resources other than those described in (A) of                                                   
14 this paragraph, the actual price paid for the fisheries resource by the fisheries                                       
01 business to the fisherman, including indirect consideration and bonus amounts                                           
02 paid for fuel, supplies, gear, ice, handling, tender fees, or delivery, whether                                         
03 paid at the time of purchase of the fisheries resource or tendered as a deferred                                        
04 or delayed payment; in this subparagraph, "delivery" means                                                              
05   (i)  transportation of the fisheries resource from the boat                                                        
06 or vessel on which the product was taken to a tender; or                                                                
07   (ii)  if delivery was not to a tender, transportation of the                                                       
08 fisheries resource from the boat or vessel on which the product was                                                     
09 taken to a shore-based facility in which delivery of the fisheries                                                      
10 resource is normally accepted.                                                                                          
11     * Sec. 2.  This Act takes effect January 1, 1994.