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Seafood Marketing Assessment
2015 Annual Report


Seafood Marketing Assessment Reports
End Year



AS 16.51.120

Description

Alaska levies a seafood marketing assessment on seafood processed or first landed in Alaska. The state also levies the assessment on unprocessed fisheries products exported from Alaska. The Department of Revenue’s Tax Division collects the assessment from seafood processors and fishermen who export fishery resources out of Alaska.

Rate

The seafood marketing assessment is 0.5% of the value of seafood products exported from, processed, or first landed in Alaska.

Returns
Taxpayers file calendar-year returns with payment before April 1 of the following year. Taxpayers file monthly returns for postseason (bonus) payments made to fishermen after the filing of the calendar-year return. Returns for these payments are due with additional assessments by the last day of the month following the bonus payments.

Exemptions

Processors and fishermen who produce less than $50,000 worth of seafood products during a calendar year are exempt from the assessment.

Disposition of Revenue
The division deposits all seafood marketing assessments into the General Fund. The Alaska Legislature may appropriate funds to the Alaska Seafood Marketing Institute (ASMI).

History

1981 – The Legislature enacted an elective seafood marketing assessment of 0.1%, 0.2%, or 0.3% (elected by large processors in Alaska). Processors elected a 0.3% assessment to take effect in calendar year 1982.

1996 – The Legislature amended the seafood marketing assessment statutes to include fishery resources landed in Alaska. The legislation was retroactive to January 1994. Prior to fiscal year 1996, revenue collected from the 0.3% portion of the original 3.3% landing tax rate was accounted for in a separate account designated as (landing tax) seafood marketing assessments.

2004 – The Legislature directed the Alaska Seafood Marketing Institute to hold elections and determine whether to retain the assessment, and to hold a second election to determine whether to increase the assessment from 0.3% to 0.5%. Elections were held as prescribed by law. The vote retained the seafood marketing assessment, increased the rate to 0.5% and eliminated the salmon marketing tax, effective Jan. 1, 2005.



Click here for data with additional years.

  Collections Summary

Fiscal Year

2015 2014 2013 2012

   Tax Collections

$9,474,112 $10,233,058 $9,563,546 $9,710,180


  Filing Information

Fiscal Year

2015 2014 2013 2012

   Number of Returns

377 448 488 446

   Number of Taxpayers

130 148 139 154





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