15 AAC 75.070. Application for fisheries business tax credit

To qualify for the fisheries business tax credit for eligible expenditures, as defined in 15 AAC 75.060, made between July 1, 1986 and December 31, 1989, a fisheries business must apply for the credit in advance of the capital expenditure on forms prescribed by the department. On the form, the fisheries business shall provide the following information:

(1) the name of fisheries business;

(2) the fisheries business license number of each processing facility owned by the fisheries business;

(3) the mailing address for the fisheries business;

(4) telephone number for the fisheries business;

(5) the location of the processing facility for which eligible expenditures will be made;

(6) a list of all equipment and improvements to depreciable property to be purchased or constructed and a description of their functions related to the processing of fish;

(7) the approximate cost of each piece of equipment or improvement to depreciable property to be purchased or constructed;

(8) the estimated date that the equipment or improvement to depreciable property is to be purchased or constructed, and the date it first will be placed into service;

(9) if used equipment or a used improvement to depreciable property is to be purchased, a list of the names of the previous owners of the equipment or improvement, and the dates of their ownership.

History: Eff. 8/12/87, Register 103

Authority: AS 43.05.080

AS 43.75.032

Sec. 6, ch. 79,

SLA 1986

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