- (a) A person holding a limited entry permit or interim-use permit under AS 16.43 shall pay a seafood development tax at the rate of one percent of the value, as defined in AS 43.75.290, of fishery resources taken in a fishery that the person removes from the state or transfers to a buyer in the state.
(b) A one percent seafood development tax on fishery resources taken in a fishery may only be levied and collected under (a) of this section if
- (1) the commissioner of commerce, community, and economic development has designated an organization to be the qualified regional seafood development association for the seafood development region in which the fishery occurs; and
- (2) the one percent seafood development tax for the fishery is approved under AS 43.76.370.