00                             HOUSE BILL NO. 393                                                                          
01 "An Act relating to fishery resource business and landing tax surcharges and credits                                    
02 against the surcharges; and providing for an effective date."                                                           
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
04    * Section 1. AS 43.75.015 is amended by adding a new subsection to read:                                             
05            (f)  In addition to the taxes levied under this section, a person engaged in a                               
06       fisheries business is liable for and shall pay a fisheries business tax surcharge of $.06                         
07       for each pound of fishery resource canned or processed by the fisheries business.                                 
08    * Sec. 2. AS 43.75 is amended by adding a new section to read:                                                       
09            Sec. 43.75.025. Credit for in-state fisheries business. A person engaged in a                                
10       fisheries business is allowed a credit against the tax due under this chapter equal to the                        
11       fisheries business tax surcharge due under AS 43.75.015(f) for the calendar year if the                           
12       fisheries business is wholly owned by a resident of the state.                                                    
13    * Sec. 3. AS 43.77.010 is amended by adding a new subsection to read:                                                
14            (b)  In addition to the tax under (a) of this section, a person who engages in a                             
01 floating fisheries business in the state and who owns a fishery resource that is not                                    
02 subject to AS 43.75 but that is brought into the jurisdiction of, and first landed in, this                             
03 state is liable for and shall pay a landing tax surcharge of $.06 for each pound of                                     
04       fishery resource at the place of the landing.                                                                     
05    * Sec. 4. AS 43.77 is amended by adding a new section to read:                                                       
06 Sec. 43.77.025. Credit for in-state vessels. A person engaged in a floating                                             
07 fisheries business is allowed a credit against the tax due under this chapter equal to the                              
08 landing tax surcharge due under AS 43.77.010(b) for the calendar year if the vessel                                     
09 harvesting, taking, processing, transporting, or delivering the fishery resource is                                     
10       wholly owned by a resident of the state.                                                                          
11    * Sec. 5. This Act takes effect January 1, 2023.