Section 15.75.100. Tax imposed on acquisition of fisheries resources.

	(a)  A person who takes, purchases or otherwise acquires a fisheries resource, and who transports the fisheries resource to a point outside the taxing jurisdiction of the state, before processing the fisheries resource, is subject to the tax in AS 43.75.015. This subsection does not apply to a commercial transportation carrier which performs a transportation service for a person subject to the tax.  
	(b)  A person described in (a) of this section who processes the fisheries resource shall pay the rate of tax which he would pay if the processing took place within the taxing jurisdiction of the state.  
	(c)  A person described in (a) of this section who does not process the fisheries resource shall pay the rate of tax which the fisheries business to which the fisheries resources are sold would pay if the fisheries business were located within the taxing jurisdiction of the state. There is a rebuttable presumption that the fisheries resources were sold to a floating fisheries business.  
	(d)  The tax imposed by this section will be computed on the value of the fisheries resources in accordance with AS 43.75.290 and 15 AAC 75.300(3).  
	(e)  A person described in (a) of this section who does not process the fisheries resource and who sells the fisheries resource outside the taxing jurisdiction of the state to someone other than a fisheries business is presumed to be liable for the same rate of tax as a floating fisheries business.  

Authorities

43.05.080;43.75.015;43.75.100;43.75.290

Notes

Authority

AS 43.05.080 AS 43.75.015 AS 43.75.100 AS 43.75.290 ________________________

History

Eff. 9/9/81, Register 79; am 9/18/81, Register 80; am 12/26/2014, Register 212