15 AAC 116.600. Imposition of seafood marketing assessment

(a) There is imposed an assessment under AS 16.51.120 on the total value paid for seafood products by all processors, except on those transactions excluded from liability for tax under AS 43.75 as provided in AS 43.75.017 , for the calendar year 1982 and each year following until amended or terminated under AS 16.51.140 or AS 16.51.130 . The assessment is on all processors whose value paid for seafood products during a calendar year is at least $50,000, and is calculated at the rate of .2 percent of the total value paid for the seafood products.

(b) All processors shall file returns under 15 AAC 116.610 and shall pay the total assessment due under this chapter on or before March 31 after the close of the calendar year to which the assessment applies.

(c) A processor is liable for the tax under AS 16.51 on the value of a seafood product processed for a person not licensed under AS 43.75.

(d) A person taking, purchasing, or otherwise acquiring a seafood product that has not been subject to the tax imposed in AS 16.51, who transports the seafood product to a point outside the taxing jurisdiction of the state for sale or processing, is liable for the tax under AS 16.51 on the value of the seafood product.

History: Eff. 12/17/82, Register 84; am 4/20/94, Register 130

Authority: AS 16.51.120

AS 43.05.080

AS 43.05.250

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