Common Property Fishery Assessment
2016 Annual Report


Common Property Fishery Assessment Reports
End Year



AS 16.10.455

Description

The common property fishery assessment is a cost recovery fisheries assessment that the Alaska Legislature authorized in 2006. It allows hatcheries to establish a common property fishery and recoup costs through an assessment on fishery resources taken in the terminal harvest area. The program was first used in 2012 for the Hidden Falls Hatchery in Southeast Alaska.

Rate

A person subject to the common property fishery assessment under AS 16.10.455 shall pay an assessment at a rate determined by the Department of Revenue annually, on the value of the salmon taken in a terminal harvest area that is subject to a common property fishery assessment.

Returns

Buyers are responsible for the collection of the common property fishery assessment and filing an annual return for each business location. The due date is Oct. 31 of the year in which the common property fishery was conducted.

A buyer making a bonus or other additional payment to a person after Oct. 31 for salmon purchased in the previous reporting period shall collect the assessment and file a return of the bonus or additional payment made. The buyer shall file the return no later than the last day of the month following the month in which a bonus or additional payment was made.

History

2006 – The Legislature adopted the common property fishery assessment.

2012 – The program was first used in 2012 for the Hidden Falls Hatchery in Southeast Alaska.

2014 – The Legislature passed Senate Bill 71 (CH 69 SLA 14) that changed the methodology for determining the value of salmon for the common property fishery assessment.



Click here for data with additional years.

  Collections Summary

Fiscal Year

2016 2015 2014 2013

   Total Tax

$36,062

$320,656

$1,055,835

$1,309,148


  Filing Information

Fiscal Year

2016 2015 2014 2013

   Number of Returns

8 8 8 8

   Number of Taxpayers

6 7 7 7





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