Alaska § 16.51.150 - Determination of value.
Full text of Alaska Alaska Statutes § 16.51.150 — Determination of value., with citation guidance and answers to common questions.
§ 16.51.150. Determination of value.
(a) Upon request from the director of elections, the commissioner of revenue shall determine (1) the total value of seafood products produced in Alaska during any calendar year;
(2) whether the eligible processors approving the levy or termination of a seafood marketing assessment together produced at least 51 percent of the total value of seafood products produced in Alaska during the calendar year; or
(3) whether the eligible processors petitioning for an election under AS 16.51.130 (b)(2) together produced at least 25 percent of the total value of seafood products produced in Alaska during the calendar year.
(b) The total value of seafood products produced in Alaska in a calendar year is the sum of the (1) total value of the fisheries resource on which the tax imposed under AS 43.75.015 and 43.75.100 is levied in that calendar year; and
(2) total value of the fisheries resource on which the tax imposed under AS 43.77 is levied in that calendar year.
(c) The value of seafood products produced in Alaska by a processor during a calendar year is the sum of the (1) total value of the fisheries resource on which the processor must pay the tax imposed under AS 43.75.015 and 43.75.100 in that calendar year; and
(2) total value of the fisheries resource on which the processor must pay the tax imposed under AS 43.77.010 in that calendar year.
Frequently Asked Questions About Alaska § 16.51.150
What does Alaska Statutes § 16.51.150 cover?
Section 16.51.150 ("Determination of value.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 16.51.150?
A common citation format is "Alaska Statutes § 16.51.150" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 16.51.150 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.