Shared Fisheries Taxes
SFT funds mitigate the impacts of the offshore fish processing industry.
Revised January 2025
SFT Program History and Overview
The Shared Fisheries Business Tax Program was created in 1990 to help municipalities impacted by the effects of the rapidly expanding offshore fish processing industry. A previously existing fish tax sharing program (commonly referred to as the Raw Fish Tax Program), administered by the Department of Revenue, shares back to municipalities half of the state fisheries business tax collected from fish processors operating inside municipal boundaries. The program extends tax sharing to include a sharing of fish taxes collected outside of municipal boundaries, primarily from floating processors.
More information about SFT can be found on DCRA's website .