HB 122: "An Act authorizing payment of a portion of the motor fuel tax on boats and watercraft as refunds to municipalities; and providing for an effective date."
00HOUSE BILL NO. 122 01 "An Act authorizing payment of a portion of the motor fuel tax on boats and 02 watercraft as refunds to municipalities; and providing for an effective date." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. AS 43.40.010(f) is amended to read: 05 (f) The proceeds from the revenue from the tax on motor fuel used in boats 06 and watercraft of all descriptions shall be deposited in a special watercraft fuel tax 07 account in the general fund. The legislature may appropriate from this account for the 08 purposes of paying refunds to municipalities under AS 43.40.150 and for water and 09 harbor facilities. 10 * Sec. 2. AS 43.40 is amended by adding a new section to read: 11 ARTICLE 2. WATERCRAFT FUEL TAX REFUNDS TO MUNICIPALITIES. 12 Sec. 43.40.150. REFUNDS TO MUNICIPALITIES. (a) Except as provided 13 in (b) of this section, the commissioner shall pay 14 (1) to each unified municipality and to each city located in the
01 unorganized borough 50 percent of the amount of tax revenue collected in the 02 municipality from taxes levied on boats and watercraft under this chapter and deposited 03 in the special watercraft fuel tax account under AS 43.40.010(f); 04 (2) to each city located within a borough 25 percent of the amount of 05 tax revenue collected in the city from taxes levied on boats and watercraft under this 06 chapter and deposited in the special watercraft fuel tax account under AS 43.40.010(f); 07 and 08 (3) to each borough 09 (A) 50 percent of the amount of tax revenue collected in the 10 area of the borough outside cities from taxes levied on boats and watercraft 11 under this chapter and deposited in the special watercraft fuel tax account under 12 AS 43.40.010(f); and 13 (B) 25 percent of the amount of tax revenue collected in cities 14 located within the borough from taxes levied on boats and watercraft under this 15 chapter and deposited in the special watercraft fuel tax account under 16 AS 43.40.010(f). 17 (b) Notwithstanding the provisions of (a)(2) and (a)(3)(B) of this section, the 18 commissioner shall pay 19 (1) to each city that is located in a borough incorporated after the 20 effective date of this Act the following percentages of the tax revenue collected in the 21 city from taxes levied on boats and watercraft under this chapter and deposited in the 22 special watercraft fuel tax account under AS 43.40.010(f): 23 (A) 45 percent of the taxes collected during the calendar year 24 in which the borough is incorporated; 25 (B) 40 percent of the taxes collected during the first calendar 26 year after the calendar year in which the borough is incorporated; 27 (C) 35 percent of the taxes collected during the second calendar 28 year after the calendar year in which the borough is incorporated; and 29 (D) 30 percent of the taxes collected during the third calendar 30 year after the calendar year in which the borough is incorporated; and 31 (2) to each borough that is incorporated after the effective date of this
01 Act the following percentages of the tax revenue collected in the cities located within 02 the borough from taxes levied on boats and watercraft under this chapter and deposited 03 in the special watercraft fuel tax account under AS 43.40.010(f): 04 (A) 5 percent of the taxes collected during the calendar year in 05 which the borough is incorporated; 06 (B) 10 percent of the taxes collected during the first calendar 07 year after the calendar year in which the borough is incorporated; 08 (C) 15 percent of the taxes collected during the second calendar 09 year after the calendar year in which the borough is incorporated; and 10 (D) 20 percent of the taxes collected during the third calendar 11 year after the calendar year in which the borough is incorporated. 12 (c) Notwithstanding the provisions of (b) of this section, a city may adopt an 13 ordinance to transfer a portion of the funds received under (b)(1) of this section to the 14 borough in which the city is located. 15 * Sec. 3. This Act takes effect July 1, 1995.