HB 393 Summary

• Establishes a fisheries business tax surcharge of $0.06 per pound on all fishery resources canned or processed by fisheries businesses in Alaska.

• Creates a credit against the fisheries business tax surcharge for fisheries businesses wholly owned by Alaska residents.

• Establishes a landing tax surcharge of $0.06 per pound on fishery resources brought into Alaska jurisdiction and first landed in the state by floating fisheries businesses.

• Creates a credit against the landing tax surcharge for floating fisheries businesses where the vessel is wholly owned by an Alaska resident.

• Takes effect January 1, 2023.