HB 253: "An Act amending the basis for determining refunds to local governments under the program of shared fisheries taxes; and providing for an effective date."
00HOUSE BILL NO. 253 01 "An Act amending the basis for determining refunds to local governments under 02 the program of shared fisheries taxes; and providing for an effective date." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. PURPOSE. The purpose of this Act is to withhold from distribution to 05 municipalities under the program of shared fisheries taxes a sum not to exceed five percent 06 of the revenue obtained from the fisheries business tax imposed by AS 43.75 to defray the 07 costs to the state of enforcement of that tax and administration of the shared tax program. 08 * Sec. 2. AS 43.75.130(d) is amended to read: 09 (d) Notwithstanding the provisions of (a)(2) and (a)(3)(B) of this section, the 10 commissioner shall pay 11 (1) to each city that is located in a borough incorporated after June 16, 12 1987 the following percentages of the tax revenue collected in the city from taxes 13 levied under this chapter: 14 (A) 45 percent of the tax revenue [TAXES] collected during
01 the calendar year in which the borough is incorporated; 02 (B) 40 percent of the tax revenue [TAXES] collected during 03 the first calendar year after the calendar year in which the borough is 04 incorporated; 05 (C) 35 percent of the tax revenue [TAXES] collected during 06 the second calendar year after the calendar year in which the borough is 07 incorporated; and 08 (D) 30 percent of the tax revenue [TAXES] collected during 09 the third calendar year after the calendar year in which the borough is 10 incorporated; and 11 (2) to each borough that is incorporated after June 16, 1987, the 12 following percentages of the tax revenue collected in the cities located within the 13 borough from taxes levied under this chapter: 14 (A) 5 percent of the tax revenue [TAXES] collected during the 15 calendar year in which the borough is incorporated; 16 (B) 10 percent of the tax revenue [TAXES] collected during 17 the first calendar year after the calendar year in which the borough is 18 incorporated; 19 (C) 15 percent of the tax revenue [TAXES] collected during 20 the second calendar year after the calendar year in which the borough is 21 incorporated; and 22 (D) 20 percent of the tax revenue [TAXES] collected during 23 the third calendar year after the calendar year in which the borough is 24 incorporated. 25 * Sec. 3. AS 43.75.130(f) is amended to read: 26 (f) In this section, "tax revenue collected" 27 (A) means 95 percent of the revenue received from the tax 28 that is levied and collected by the state under this chapter; 29 (B) includes the amount credited against taxes under 30 AS 43.75.018. 31 * Sec. 4. AS 43.75.137 is amended to read:
01 Sec. 43.75.137. ADDITIONAL REFUND. To the extent that appropriations 02 are available for the purpose, and notwithstanding the requirement of AS 37.07.080(e) 03 that approval of the office of management and budget is required, an amount equal to 04 50 percent of the tax revenue [THAT IS] collected, as the phrase is defined in 05 AS 43.75.130(f), [ UNDER THIS CHAPTER] from fisheries businesses and is not 06 subject to division with a municipality under AS 43.75.130 shall be transmitted each 07 fiscal year, without the approval of the office of management and budget, by the 08 department to the Department of Community and Regional Affairs for disbursal to 09 eligible municipalities under AS 29.60.450. 10 * Sec. 5. This Act takes effect July 1, 1993.