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