State Fix on Groundfish Tax Collection Still a Work in Progress

Undercurrent News, June 15, 2016
By DJ Summers

Editor’s note: this story has been updated with exact numbers provided by Kurt Iverson.

KODIAK — A fishing tax rate glitch has new data that will increase state revenue in 2016, but the fix still needs work.

“I don’t think this issue’s going to go away,” said Kurt Iverson, a research analyst for the Alaska Department of Fish and Game.

Iverson said 2015 data has raised the price for formerly undervalued fish. The state won’t make the millions it believed the fishery is worth, but the aggregate tax increase is worth more than a half-million dollars…. Continue Reading

Alaska Working on State Flatfish Tax Fix to Capture Foregone Revenue

Seafoodnews.com [Alaska Journal of Commerce], December 10, 2015
By DJ Summers

A state tax rate glitch let groundfish trawlers off the hook for more than $10 million of fishery taxes in the last half decade, and there’s no concrete fix just yet.
The fishery resource landing tax taxes groundfish based on ex-vessel price. Processors turn flatfish caught as bycatch into low-value fishmeal, so the only known ex-vessel price for certain flatfish species is artificially low. Nine species have this price uncertainty, but most flatfish volume comes from yellowfin sole and Atka mackerel…. Continue Reading