Sponsor Statement for CS for HB 392
CSHB 392 addresses exvessel value reporting and wholesale price reporting to the state. It allows the Department of Revenue to share, in confidence, exvessel value information with the Department of Fish and Game, Department of Environmental Conservation, and updates wholesale price reporting by requiring better and more timely information from processors. These housekeeping adjustments are necessary to keep state statutes working for our dynamic commercial fishing industry.
The first three sections enable the Department of Revenue to provide processor information needed by ADFG and DEC. Currently, ADFG is able to share information they receive with DOR but the inverse is not provided for in law. DEC currently is unable to access this information from DOR as well although they have legitimate needs for it. Additional duplicative reporting may be established unless we can maximize and coordinate information the state already obtains.
Section 4 reestablishes the time intervals of wholesale price reporting to the Department of Revenue. The current semiannual wholesale reporting is replaced by three new reporting periods per year. The new reporting periods will provide marketers and negotiators more information in a more timely manner.
Section 5 through 8 stipulate that the wholesale information provided to Revenue will include data in terms of all canned sizes sold. Section 10 includes pouches or similar containers within the definition of "canned" for the purposes of receiving this wholesale price information as well. The unit-of-sale catagories currently required are often no longer used by the processing industry.
Fishery Business taxes, landing tax, ASMI tax, and aquaculture assessments are all based on the exvessel values of Alaska salmon products. Passage of CSHB 392, should help fishermen and the state in their pursuit of better information, thereby helping them derive the best price, or exvessel value, for their product while modifying processor reporting to be more effective.
Last updated 03-30-98
Sponsor Statement fo HB 392
HB 392 addresses exvessel value reporting and wholesale price reporting to the state. It allows the Department of Revenue to share, in confidence, exvessel value information with the Department of Fish and Game, Department of Environmental Conservation, and updates wholesale price reporting by requiring better and more timely information from processors. These housekeeping adjustments are necessary to keep state statutes working for our dynamic commercial fishing industry.
The first three sections enable the Department of Revenue to provide processor information needed by ADFG and DEC. Currently, ADFG is able to share information they receive with DOR but the inverse is not provided for in law. DEC currently is unable to access this information from DOR as well although they have legitimate needs for it. Additional duplicative reporting may be established unless we can maximize and coordinate information the state already obtains.
Section 4 reestablishes the time intervals of wholesale price reporting to the Department of Revenue. The current semiannual wholesale reporting is replaced by three new reporting periods per year. The new reporting periods will provide marketers and negotiators more information in a more timely manner.
Section 5 through 8 stipulate that the wholesale information provided to Revenue will include data in terms of all canned sizes sold. Section 10 includes pouches or similar containers within the definition of "canned" for the purposes of receiving this wholesale price information as well. The unit-of-sale catagories currently required are often no longer used by the processing industry.
Section 9 helps to ensure accuracy in the wholesale price reports submitted to Revenue. An independent certified auditor, paid for by collective price bargainer, will have access to individual business information but will maintain confidentiality and not disclose specific business names in their findings.
Fishery Business taxes, landing tax, ASMI tax, and aquaculture assessments are all based on the exvessel values of Alaska salmon products. Passage of HB 392, should help fishermen and the state in their pursuit of better information, thereby helping them derive the best price, or exvessel value, for their product while modifying processor reporting to be more effective.
Updated on 2/16/98