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AlaskaSB 13034th Legislature - Second Session (2026)SenateWALLET

FISHERIES PROD DEVELOPMENT TAX CREDIT

Sponsored By: SENATE RULES BY REQUEST OF TASK FORCE EVAL ALASKA SEAFOOD INDUSTRY

Became Law

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Bill Overview

Analyzed Economic Effects

4 provisions identified: 1 benefits, 1 costs, 2 mixed.

50% cap and credit ends 2037

The credit remains available through 2036. You cannot claim the credit for property first placed in service after December 31, 2036. Beginning January 1, 2037, the allowed credit is capped at 50% of your fisheries business tax for eligible processing. The credit law is repealed on January 1, 2037.

Which fish and equipment qualify now

Beginning January 1, 2026, any fish or shellfish can qualify, unless the law says otherwise. Your gear can count if it is depreciable equipment with a life of 3 or more years and used mainly for ice-making, processing, packaging, or finishing value‑added fish products. Vehicles, forklifts, knives, gloves, routine supplies, and most overhauls do not qualify. “Used predominantly” means used 51% or more of the time for the qualifying work.

Faster rulings and rules apply back 2026

Beginning January 1, 2026, you can ask the Department of Revenue for a binding 60‑day ruling on whether a planned investment qualifies. The Act applies back to January 1, 2026, where allowed by law. Any provision without a later date takes effect immediately upon enactment.

Agree to public reporting to claim credit

Starting January 1, 2026, the state publishes how many recipients and total dollars claimed by fish species. To claim the credit, you must agree to this disclosure. This rule overrides some other privacy limits.

Sponsors & Cosponsors

Sponsor

  • SENATE RULES BY REQUEST OF TASK FORCE EVAL ALASKA SEAFOOD INDUSTRY

    Affiliation unavailable

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. (H) REFERRED TO RULES

    5/14/2026House

  2. (H) FN3: INDETERMINATE(REV)

    5/14/2026House

  3. (H) AM: ALLARD, MOORE

    5/14/2026House

  4. (H) NR: TOMASZEWSKI, JOSEPHSON, FOSTER

    5/14/2026House

  5. (H) DP: JIMMIE, GALVIN, HANNAN, STAPP, BYNUM, SCHRAGE

    5/14/2026House

  6. (H) FIN RPT 6DP 3NR 2AM

    5/14/2026House

  7. (H) Moved CSSB 130(FIN) Out of Committee -- Delayed to 2:00 pm --

    5/13/2026House

  8. (H) FINANCE at 01:30 PM ADAMS 519

    5/13/2026House

  9. Audio/Video

    5/13/2026House

  10. (H) Scheduled but Not Heard -- Please Note Time Change --

    5/11/2026House

  11. (H) FINANCE at 09:00 AM ADAMS 519

    5/11/2026House

  12. (H) Heard & Held -- Please Note Time Change --

    5/4/2026House

  13. (H) FINANCE at 09:00 AM ADAMS 519

    5/4/2026House

  14. Audio/Video

    5/4/2026House

  15. (H) Heard & Held -- Please Note Time Change --

    4/29/2026House

  16. (H) FINANCE at 09:00 AM ADAMS 519

    4/29/2026House

  17. Audio/Video

    4/29/2026House

  18. (H) FIN

    4/8/2026House

  19. (H) READ THE FIRST TIME - REFERRALS

    4/8/2026House

  20. (S) VERSION: CSSB 130(FIN)

    4/1/2026Senate

  21. (S) TRANSMITTED TO (H)

    4/1/2026Senate

  22. (S) EFFECTIVE DATE(S) SAME AS PASSAGE

    4/1/2026Senate

  23. (S) PASSED Y17 N3

    4/1/2026Senate

  24. (S) READ THE THIRD TIME CSSB 130(FIN)

    4/1/2026Senate

  25. (S) ADVANCED TO THIRD READING 4/1 CAL

    3/31/2026Senate

Bill Text

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