|The 26th Alaska State Legislature, 2009 - 2010|
House Acts To Extend Salmon Product Development Tax Credit
|Thomas’ HB 344|
Posted: April 7, 2010
(Juneau) - The Alaska State House today unanimously passed House Bill 344, legislation extending the Salmon Product Development Tax Credit through DEC. 31, 2015. House Finance Committee Vice-Chair Bill Thomas, R-Haines, sponsored the bill.
Extending the credit four years will allow the industry to continue the progress being made in developing and producing top-shelf salmon products.
“The tax credit was intended to spur Alaska salmon marketability and improve quality, which it has. Alaska salmon is considered the best in the world today and I’d like to believe this credit is one of the reasons why,” Thomas said. “Our salmon industry is beginning to recover from years of low values and competition from farmed fish. Extending the credit four years will allow the industry to continue the progress being made in developing and producing top-shelf salmon products.”
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