Sec. 43.20.012. Limitation on application of chapter; credits.
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Sec. 43.20.012. Limitation on application of chapter; credits.
(a)The tax imposed by this chapter does not apply to
(1)an individual;
(2)a fiduciary;
(3)the income received by a regional association qualified under AS 16.10.380 or nonprofit corporation holding a hatchery permit under AS 16.10.400 from the sale of salmon or salmon eggs under AS 16.10.450 or from a cost recovery fishery under AS 16.10.455 ; or
(4)the income received by a nonprofit corporation holding a permit under AS 16.12.010 from the sale of shellfish under AS 16.12.080 or from a cost recovery fishery under AS 16.12.090 .
(b)An individual may file a return under this chapter in order to receive a tax credit under AS 43.20.013 .
(c)[Repealed, § 5 ch 55 SLA 2023.]
(d)[Repealed, § 5 ch 55 SLA 2023.]