Legislature(2017 - 2018)
2017-04-10 House Journal
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Full Journal pdf2017-04-10 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.