Instructions For Alaska Fisheries Business Tax Return - 1999
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31999 Alaska Fisheries Business Tax Return
Page _____ of _____
The Alaska fisheries business tax return contains a
Tax Credit Schedules
separate schedule for each processing activity. The
forms you need depends on your business activities.
Schedule WB - A.W. "Winn" Brindle Scholarship
Refer to schedule descriptions below to determine
Schedule EC - Education Credit
which forms you must complete for your return.
Use these schedules to claim credit for qualifying
contributions.
Note that schedules 1, 2, 4, and 5 require that you
report the physical location where processing took
Other Forms
place. This information is required for calculating
amounts to be shared to Alaska communities. Your
Seafood Marketing Assessment Return
return will be deemed incomplete if this information
This form must be completed by businesses who produce
is not reported.
more than $50,000 of seafood resources in Alaska. Even if
you have two or more fisheries business licenses, you only
Processing Activity Schedules
need to file one seafood marketing assessment return. The
seafood marketing assessment is computed on the aggregate
Caught and Processed - Schedule 1
value of all seafood resources.
Use this schedule to report fisheries resources your
company caught and processed.
Fisheries Business Tax Exclusion
Use this form only if you are a fisher claiming exclusion
Purchased and Processed - Schedule 2
from payment of the fisheries business tax for fisheries
Use this schedule to report fisheries resources your
resources frozen aboard a fishing vessel.
company purchased and processed. Include fisheries
resources that were purchased from fisheries claiming
Alaska Fisheries Business Report of Bonus or Other
exclusion from the fisheries business tax.
Additional Payments.
Use this form if you make additional payments or bonuses
Transported Unprocessed - Schedule 3
related to fisheries activity reported on your 1999 fisheries
Use this schedule to report fisheries resources
business tax return (schedules 1 - 5 are required). Save
transported
unprocessed
outside
the
taxing
these forms for future use.
jurisdiction of Alaska.
Seafood Marketing Assessment Report of Bonus or
Custom Processing by Others - Schedule 4
Other Additional Payments
Use this schedule to report fisheries resources that
Use this form if you make additional payments or bonuses
were custom processed for your company by another
related to fisheries activity reported on your 1999 seafood
fisheries business in Alaska.
marketing assessment return. Save these forms for future
use.
Custom Processing for Others - Schedule 5
Who must file a Fisheries Business Tax Return?
Use this schedule to report fisheries resources your
Persons or business who processed fisheries
company custom processed for someone not licensed
resources in Alaska
as a fisheries business in Alaska.
Licensed fisheries businesses who had fisheries
resources processed by a fisheries business in
Custom Processor Information - Schedule 6
Alaska
Use this schedule to report established and developing
fisheries resources your company custom processed
Persons or businesses who bought frozen fisheries
for another licensed fisheries business.
resources from a person excluded from the fisheries
business tax.
Sold Unprocessed in Alaska - Schedule 7
Persons or businesses who transported
Use this schedule to report all fisheries resources sold
unprocessed fisheries resources out of Alaska.
unprocessed inside the state by your company.
Commercial fishers who process fisheries
resources.
Form 04-574 (Rev 11/99) Instructions
Page 1
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