Sec. 43.75.017. Exclusion from fisheries business tax.
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Sec. 43.75.017. Exclusion from fisheries business tax.
A person is not liable for the fisheries business tax under AS 43.75.015 when the fishery resource is processed aboard a fishing vessel if
(1)the vessel is operated as a commercial fishing vessel under a valid commercial fishing license;
(2)the fishery resource is not processed beyond heading, gutting or cleaning, freezing, and glazing;
(3)the fishery resource was caught by the vessel; and
(4)the fishery resource is sold to a fisheries business licensed under this chapter.