A 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)
Authority: AS 43.05.080, AS 43.75.037