00                      CS FOR HOUSE BILL NO. 104(FSH)                                                                    
01 "An Act relating to payment of the fisheries business tax and to security for collection of                             
02 the fisheries business tax."                                                                                            
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
04    * Section 1.  AS 43.75.030(d) is amended to read:                                                                  
05            (d)  Except for tax paid monthly under AS 43.75.055(c)(1), the [THE] tax                                 
06       shall be paid before April 1 after the close of the calendar year.                                                
07    * Sec. 2.  AS 43.75.055(c) is amended to read:                                                                     
08            (c)  An applicant [THAT DOES NOT PROCESS A FISHERY RESOURCE                                                  
09       IN THE STATE] may elect to avoid the requirements of (a) and (b) of this section if                               
10       the applicant                                                                                                     
11                 (1)  files a report as prescribed by the department and                                             
12       [NOTWITHSTANDING AS 43.75.030(d),] pays the taxes due under this chapter on                                       
13       or before the 15th day of the month following the month in which liability for the                                
14       payment of the taxes was incurred;                                                                                

01                 (2)  pays the taxes and assessments for which the applicant is liable                                   
02       under AS 16.51, AS 43.76, and AS 43.77 on or before the 15th day of the month                                     
03       following the month in which the liability for the payment of the taxes or assessments                            
04       was incurred;                                                                                                     
05                 (3)  remits to the department the taxes and assessments that the                                        
06       applicant is required to collect under AS 43.76 on or before the 15th day of the month                            
07       following the month in which the taxes or assessments were required to be collected;                              
08       and                                                                                                               
09                 (4)  either                                                                                             
10                      (A)  files a bond in the amount of $50,000; or                                                     
11                      (B)  provides the department with proof that the applicant is the                                  
12            owner of lienable real property in the state of a value of at least $100,000.                                
13    * Sec. 3.  AS 43.75.055(d) is amended to read:                                                                     
14            (d)  A bond filed under (c) of this section must be conditioned upon                                         
15       [PAYMENT TO THE FISHERMAN OF THE FULL PURCHASE PRICE FOR THE                                                      
16       FISHERY RESOURCE AND] the payment of the taxes under (c)(1) of this section [,                                
17       INTEREST, AND PENALTIES] in full when due.  [THE PROVISIONS OF (c) OF                                             
18       THIS SECTION DO NOT APPLY TO AN APPLICANT WHO HAS A                                                               
19       RELATIONSHIP, AS THAT TERM IS DEFINED UNDER 26 U.S.C. 267(b), WITH                                                
20       A PERSON THAT PROCESSES A FISHERY RESOURCE.]