An Act relating to the fisheries product development tax credit; providing for an effective date by amending the effective date of sec. 2, ch. 31, SLA 2022; and providing for an effective date.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill creates a tax credit for Alaska fisheries businesses that invest in equipment and processes to create value-added products from fish. It outlines specific requirements for eligible investments, including equipment used for processing, packaging, and product finishing. The bill also establishes a process for businesses to receive preliminary approval for their investments and makes information about credit recipients public. Furthermore, it adjusts the effective dates of several sections of the Alaska Statutes to align with the new provisions.
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Sponsors
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1 on record
Primary sponsor
Senate Rules by Request of Task Force Eval Alaska Seafood Industry
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