AK SB130

Extends the fisheries product development tax credit program by 3 years, changing the deadline for property placed into service from December 31, 2026 to December 31, 2029, with the program repealed January 1, 2030

Expands eligible fish species from a limited list (salmon, herring, pollock, sablefish, Pacific cod) to include any species of fish or shellfish

Broadens qualified investments to include equipment used to increase the quality and value of eligible fish, plus ice-making machines, freezers, and other temperature reducing technologies

Requires the Department of Revenue to issue preliminary determinations on whether proposed investments qualify for the tax credit within 60 days of submission

Defines "used predominantly" as 51 percent or more of the time and applies retroactively to January 1, 2025