One Alaska Legislator Proposes a Whopping 12.5% New Tax on all Fish Landings From State Waters
SEAFOODNEWS.COM By Peggy Parker - February 25, 2016
Earlier this week, Senator Mike Dunleavy (R-Wasilla) introduced SB198, a bill that would impose a royalty tax on seafood caught commercially in the state.
The tax would be 12.5 percent on “the value of fish caught in state water that the person removes from the state or transfers to a buyer in the state under the authority conferred by the limited entry permit or interim-use permit.”
The royalty tax would be on top of other taxes and assessments, most which are levied on the tonnage of fish caught. For many fishermen, these taxes and assessments already approach 20 percent of the value of the delivery before any expenses are taken off, including fuel, boat payment, and crew payroll...
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