Alaska Administrative Code — Title 15 (Revenue)
15 AAC 75.030
Liability for tax
# (a)
Repealed 3/3/2023.
# (b)
For periods after December 31, 1980, the person engaging in a fisheries business who first actually and physically processes a fisheries resource or who has a fisheries resource processed by a fisheries business inside the state, or the person who purchases a fisheries resource that is frozen from a person excluded by AS 43.75.017 from liability for the tax, is liable for and shall pay to the department the entire tax imposed under AS 43.75.015. In determining the tax liability, the person who first actually and physically processed a fisheries resource may deduct from the value of the fisheries resource processed the value of a fisheries resource processed for another fisheries business. If a person custom processes a fisheries resource for another fisheries business, the custom processor is not liable for the tax, but if he custom processes for someone other than another fisheries business, the custom processor must pay the tax.
(Eff. 9/9/81, Register 79; am 9/18/81, Register 80; am 3/3/2023, Register 245)
Statutory Authority:
Authority:
AS 43.05.080 AS 43.75.015
Amendment history
Eff. 9/9/81, Register 79; am 9/18/81, Register 80; am 3/3/2023, Register 245
Source: official source document (full AAC Title 15 PDF)
In this chapter (15 sections)
- 75.010 · Information on return
- 75.020 · Extension of time for filing returns
- 75.030 · Liability for tax
- 75.035 · Exclusion from fisheries business tax
- 75.040 · Statement of value; records
- 75.050 · Statement to be provided by custom processors
- 75.060 · Qualified investments eligible for the fisheries product…
- 75.070 · Application for the fisheries product development tax credit
- 75.080 · Placed in service rule
- 75.085 · Exception to placed-in-service rule
- 75.090 · Limitation on credit
- 75.100 · Tax imposed on acquisition of fisheries resources
- 75.200 · Reserved
- 75.290 · Shore-based fisheries business
- 75.300 · Definitions