Instructions For Form 560.1i - Alaska Salmon Price Adjustment Report
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1Instructions for Alaska Salmon Price Adjustment Report
Who Must File an Alaska Salmon Price
Examples
Example 1: If there is a $.50/lb wholesale price
Adjustment Report
increase in the wholesale price of 1,000,000
A processor must report any net changes to the
pounds of sockeye salmon processed into
data on an Alaska Salmon Price Report filed with
frozen H&G salmon in the Prince William Sound
the State of Alaska.
production area and reported on an Alaska
Salmon Price Report filed with the Department,
Where to File
the processor must report an adjustment in value
Tax Division
of $500,000, referencing the associated species
Department of Revenue
(sockeye), product form (frozen H&G) and
PO Box 110420
production area (Prince William Sound). Because
Juneau, AK 99811-0420
the quantity of salmon sold did not change, the
change in net weight would be zero. It is important
Confidentiality of Report (AS 43.80.065)
to reference all adjustments back to the original
Information on reports submitted under AS
report year, report period and report month.
43.80.050 and price averages calculated by the
department from the information in the reports
Example 2: The wrong species was reported on
are public information, except information that
an Alaska Salmon Price Report filed with the
identifies or could be used to identify a particular
Department. The processor originally reports the
fish processor is confidential.
wholesale value of $2.50/lb for 1,000,000 pounds
of pink salmon processed into frozen H&G in the
Specific Form Instructions
Prince William Sound production area. However,
Changes to any of the following originally filed
the correct species is sockeye salmon. In this
information must be reported on an Alaska
case, an adjustment of (1,000,000) pounds
Salmon Price Adjustment Report:
and ($2,500,000) for pink salmon processed
Species
into frozen H&G in the Prince William Sound
Production Area
production area is recorded on the adjustment
Product Form
report. In addition, there is an adjustment of
Container Size
1,000,000 pounds and $2,500,000 of sockeye
Weight
salmon processed into frozen H&G in the Prince
Value
William Sound production area. It is important
Report Year
to reference all adjustments back to the original
Report Period
report year, report period and report month.
Report Month
Report only net changes to pounds and value.
If the revised weight/value is less than the
originally reported weight, report the difference in
parentheses. If the revised weight/value is more
than the originally reported weight/value, report
the change as a positive number.
Report adjustments for only one report year/report
period on the adjustment report. Multiple months
within the same report year and report period can
be on the same adjustment report.
0405-560.1i Rev 04/01/13
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