SB 67: "An Act relating to payment of the fisheries business tax and to security for collection of the fisheries business tax."
00 SENATE BILL NO. 67 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) The tax may be paid on or before the 15th day of the month following 06 the month in which liability for the payment of the tax was incurred; however, 07 the total amount of the tax owed for a calendar year shall be paid before April 1 08 after the close of the calendar year. 09 * Sec. 2. AS 43.75.055(c) is amended to read: 10 (c) An applicant [THAT DOES NOT PROCESS A FISHERY RESOURCE 11 IN THE STATE] may elect to avoid the requirements of (a) and (b) of this section if 12 the applicant 13 (1) files a report as prescribed by the department and 14 [NOTWITHSTANDING AS 43.75.030(d),] pays the taxes due under this chapter on
01 or before the 15th day of the month following the month in which liability for the 02 payment of the taxes was incurred; 03 (2) pays the taxes and assessments for which the applicant is liable 04 under AS 16.51, AS 43.76, and AS 43.77 on or before the 15th day of the month 05 following the month in which the liability for the payment of the taxes or assessments 06 was incurred; 07 (3) remits to the department the taxes and assessments that the 08 applicant is required to collect under AS 43.76 on or before the 15th day of the month 09 following the month in which the taxes or assessments were required to be collected; 10 and 11 (4) either 12 (A) files a bond in the amount of $50,000; or 13 (B) provides the department with proof that the applicant is the 14 owner of lienable real property in the state of a value of at least $100,000. 15 * Sec. 3. AS 43.75.055(d) is amended to read: 16 (d) A bond filed under (c) of this section must be conditioned upon payment to 17 the fisherman of the full purchase price for the fishery resource and the payment of the 18 taxes, interest, and penalties in full when due. [THE PROVISIONS OF (c) OF THIS 19 SECTION DO NOT APPLY TO AN APPLICANT WHO HAS A RELATIONSHIP, 20 AS THAT TERM IS DEFINED UNDER 26 U.S.C. 267(b), WITH A PERSON THAT 21 PROCESSES A FISHERY RESOURCE.]