Alaska Administrative Code (Last Updated: January 12, 2017) |
Title 15. Revenue. |
Chapter 15.75. Fisheries Business Tax. |
Article 15.75.3. General Provisions. |
Section 15.75.300. Definitions.
Latest version.
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In AS 43.75 and this chapter, (1) "custom processor" means a fisheries business which does not own the fisheries resources it is processing; (2) "fisheries resource" means fin fish and shellfish, including but not limited to salmon, halibut, herring, flounder, crab, clam, cod, shrimp, and pollock; fish byproducts, such as roe, entrails and carcasses, are separate fisheries resources if they are transferred to another person for processing; (3) "market value" means the prevailing value paid for fisheries resources of like kind and quality by fisheries businesses in the same market area to fishermen who own their vessels; (4) "processing" means any activity which modifies the physical condition of a fisheries resource, including butchering, freezing, salting, cooking, canning, dehydrating, or smoking; however, "processing" does not include decapitating shrimp and gutting, gilling, sliming, or icing a fisheries resource solely for the purpose of maintaining the quality of the fresh resource; (5) "processing fisheries resources for sale" means the series of activities which are performed in preparing the fisheries resources for subsequent sale, regardless of whether the processor owns the fisheries resources and regardless of whether the processor is the seller in the subsequent sale of the fisheries resources; (6) repealed 12/26/2014.
Authorities
43.05.080;43.75.015;43.75.290
Notes
Authority
AS 43.05.080 AS 43.75.015 AS 43.75.290History
Eff. 9/9/81, Register 79; am 9/18/81, Register 80; am 12/26/2014, Register 212