AK SB245

Extends the deadline for claiming the salmon product development tax credit from December 31, 2011 to December 31, 2015 for property first placed into service.

Maintains the tax credit limitation at 50 percent of a taxpayer's tax liability incurred under Alaska Code section 43.75 for salmon processing during the tax year.

Changes the effective date of the tax credit provisions from January 1, 2015 to January 1, 2019.

Preserves an alternative effective date provision allowing the credit to expire earlier if a court enters final judgment that the tax credit violates the commerce clause of the U.S. Constitution.