2006 Alaska Statutes
Title 43 REVENUE AND TAXATION
Chapter 43.77. FISHERY RESOURCE LANDING TAX
Sec. 43.77.045. Fisheries resource landing tax education credit.
(a) In addition to the credit allowed under AS 43.77.040 , for cash contributions accepted for direct instruction, research, and educational support purposes, including library and museum acquisitions and contributions to endowment, by an Alaska university foundation or by a nonprofit, public or private, Alaska two- year or four-year college accredited by a regional accreditation association, a person engaged in a floating fisheries business is allowed as a credit against the tax due under this chapter
(1) 50 percent of contributions of not more than $100,000; and
(2) 100 percent of the next $100,000 of contributions.
(b) Each public college and university shall include in its annual operating budget request contributions received and how the contributions were used.
(c) A contribution claimed as a credit under this section may not
(1) be claimed as a credit under another provision of this title; and
(2) when combined with credits taken during the taxpayer's tax year under AS 21.89.070 , 21.89.075, AS 43.20.014 , AS 43.55.019 , AS 43.56.018, AS 43.65.018 , or AS 43.75.018 , exceed $150,000.
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