HB 143: "An Act relating to the distribution of the revenue obtained from imposition of the state tax on motor fuel used in watercraft of all descriptions; and providing for an effective date."
00HOUSE BILL NO. 143 01 "An Act relating to the distribution of the revenue obtained from imposition of 02 the state tax on motor fuel used in watercraft of all descriptions; and providing 03 for an effective date." 04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 05 * Section 1. AS 43.40.010(f) is amended to read: 06 (f) The proceeds from the revenue from the tax on motor fuel used in [BOATS 07 AND] watercraft of all descriptions shall be deposited in a special watercraft fuel tax 08 account in the general fund. The legislature may appropriate from this account, under 09 (m) of this section, for water and harbor facilities. 10 * Sec. 2. AS 43.40.010 is amended by adding a new subsection to read: 11 (m) A portion of the proceeds of the revenue from the tax on motor fuel 12 deposited into the special watercraft fuel account in the general fund shall be paid to 13 each municipality operating a dock or harbor facility within the boundary of the 14 municipality for municipal water and harbor facilities. The payment due the
01 municipality under this subsection is determined by multiplying the proceeds of the 02 watercraft motor fuel tax obtained by the department within the municipality by a 03 fraction, the numerator of which is the total linear footage of the wharfage within the 04 municipality that is operated by the municipality and the denominator of which is the 05 total linear footage of all wharfage within the municipality that is publicly operated. 06 The commissioner shall determine the total linear footage. The amount distributable 07 under this subsection is subject to legislative appropriation. 08 * Sec. 3. This Act takes effect July 1, 1993.