Section 15 AAC 75.070 - Application for the fisheries product development tax creditA fisheries business may, using a form provided by the department, apply for the fisheries product development tax credit before the fisheries business incurs the qualified investment cost on which the fisheries business intends to claim a credit under AS 43.75.037. The application must include
(1) the name of the fisheries business;(2) the fisheries business license number of each vessel or shore-based plant owned by the fisheries business;(3) the mailing address for the fisheries business;(4) the telephone number for the fisheries business;(5) the location of each vessel or shore-based plant for which eligible expenditures will be made;(6) a list of all equipment or improvements to depreciable tangible personal property to be purchased or constructed and a description of the equipment or improvements' functions related to the processing of eligible fish;(7) the approximate cost of each piece of equipment or improvement to depreciable tangible personal property to be purchased or constructed; and(8) the estimated date that the equipment or improvement to depreciable tangible personal property is to be purchased or constructed, and the date it first will be placed into service.Eff. 8/12/87, Register 103; am 3/3/2023, Register 245, April 2023Authority:AS 43.05.080
AS 43.75.037
Sec. 6, ch. 79, SLA 1986