Instructions For Alaska Seafood Processor And Exporter License And Permit Application Intent To Operate

Surety Bond

2. resources you will process which will be

All fish buyers must submit a $10,000 surety bond to

taken from boats owned, subsidized, or

the Department of Revenue. Fish processors who

operated by your business, and

hire processing employees and process more than

3. frozen resources you will purchase for

30,000 pounds of fish a year must provide the

subsequent sale or further processing from

department with a $10,000 surety bond.

commercial fisherman qualifying for

exclusion from the fisheries business tax.

Fish processors who hire processing employees and

process 30,000 pounds or less of fish a year must

Column (B)

List the total value of fisheries

provide the department with a $2,000 surety bond. If

resources you expect to have custom processed for

the 30,000 pound threshold is exceeded during the

you by another fisheries business in the state.

year, you must notify the department within 7 days

and increase the surety bond to $10,000.

Column (C) List the total value of processed

and unprocessed fisheries resources you expect to

Surety bonds must be in place before starting

sell outside Alaska, or which you expect to

operations and must be kept current.

transport

outside

Alaska

for

subsequent

Lienable Real Property

processing or sale. Include salmon in the round in

this column.

Complete the information as requested. If you are

using property as security, you will need to submit a

Tax Exclusion

title search (current within 30 days of the application)

If you are a commercial fisher who processes your

along with either a current property tax assessment

catch aboard a fishing vessel, you are required to

notice or independent appraisal.

obtain a fisheries business license. However, you

will not incur a tax liability if you meet the

Schedule C (Page 5)

following four requirements:

ADF&G Information

1. your vessel is operated as a commercial

fishing vessel under a valid commercial

Alaska Department of Fish and Game

(ADF&G) Contact

fishing license;

2. the fishery resource is not processed beyond

David Petree

heading, gutting or cleaning, freezing or

(907) 465-6131 Fax (907) 465-2604

glazing;

3. the fishery resource was caught by the vessel;

Fishery Areas

and,

Check the applicable area(s) where you intend to

4. the fishery resource is sold to a fisheries

operate during 1998.

business in Alaska and licensed by the

Department of Revenue.

Number of Code Plates

Indicate number of code plates needed. This refers to

Caution: If you export a fisheries resource out of

the small aluminum plates that fit into the imprinting

the taxing jurisdiction of Alaska, then you are

machines. The plates have the processor code and

liable for the tax and can not claim this exemption.

company name stamped onto them.

Because the

plates are dated, new plates are required each year.

Security for Estimated Tax Liability

Check the applicable box for type of security you

Note that the name you want on the code plate is

intend to post for your license. If you are using

limited to 14 characters. Please do not order more

lienable real property as security, you must submit

plates than you need.

a current title search and appraisal or local tax

assessment.

Imprinting machines may be obtained at the following

locations:

iii

Instructions

Instructions For Alaska Seafood Processor And Exporter License And Permit Application Intent To Operate - 1998 Page 3

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