Limitation on application of chapter; credits.
AlaskaStatutes
Ask Donna
How this section applies to your facts.
AK Code › Title 43 › Chapter 43.20 › Section 43.20.012
Text
(a) The tax imposed by this chapter does not apply to (1) an individual;
(2) a fiduciary;
(3) the income received by a regional association qualified under AS 16.10.380 or nonprofit corporation holding a hatchery permit under AS 16.10.400 from the sale of salmon or salmon eggs under AS 16.10.450 or from a cost recovery fishery under AS 16.10.455 ; or
(4) the income received by a nonprofit corporation holding a permit under AS 16.12.010 from the sale of shellfish under AS 16.12.080 or from a cost recovery fishery under AS 16.12.090 .
(b) An individual may file a return under this chapter in order to receive a tax credit under AS 43.20.013 .
(c) [Repealed, § 5 ch 55 SLA 2023.] (d) [Repealed, § 5 ch 55 SLA 2023.]
This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.