AK HB358

Establishes a one percent tax on the value of bycatch caught by persons engaged in fisheries business in Alaska during the year.

Imposes a one percent landing tax on bycatch that is not caught in state but is brought into and first landed in Alaska jurisdiction.

Exempts authorized distributors in prohibited species donation programs established by the National Oceanic and Atmospheric Administration from the bycatch tax.

Defines "bycatch" as chinook salmon and non-target halibut caught with trawl or longline gear that are harvested but not sold or kept for personal use.

Requires the Commissioner of Fish and Game to provide the Commissioner of Revenue with the monetary value of bycatch annually for tax purposes, determined by the Fish and Game Commissioner under existing authority.