HB 298: "An Act relating to procedures for changing the rate of the salmon enhancement tax."
00HOUSE BILL NO. 298 01 "An Act relating to procedures for changing the rate of the salmon enhancement 02 tax." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. AS 43.76 is amended by adding a new section to read: 05 Sec. 43.76.018. CHANGE OF SALMON ENHANCEMENT TAX RATE. (a) 06 A salmon enhancement tax levied under this chapter may be changed to a one, two, 07 or three percent salmon enhancement tax under AS 43.76.010, 43.76.011, or 43.76.012 08 by the commissioner of revenue upon majority vote at an election held under 09 AS 43.76.015 in the region in which the salmon enhancement tax is levied. 10 (b) A salmon enhancement tax shall be changed by the commissioner of 11 revenue under (a) of this section following an election in a region if 12 (1) a petition is presented to the commissioner of commerce and 13 economic development requesting that the rate of the salmon enhancement tax in the 14 region be changed to one, two, or three percent under AS 43.76.010, 43.76.011, or
01 43.76.012 that is signed by at least 25 percent of the number of persons who voted 02 under AS 43.76.015 in the election approving the salmon enhancement tax in the 03 region; the petition required under this paragraph may be prepared or submitted to the 04 commissioner of commerce and economic development by the qualified regional 05 association for the region or by a person who holds a salmon interim-use permit or 06 entry permit for the region; 07 (2) the commissioner of commerce and economic development 08 determines that the change in the rate of the salmon enhancement tax will not 09 significantly jeopardize repayment of outstanding loans to the qualified regional 10 association under AS 16.10.510 that are secured by the tax; 11 (3) an election is held in accordance with AS 43.76.015(a), (c), and (d); 12 the ballot must state the proposed rate of the salmon enhancement tax and ask the 13 question whether the salmon enhancement tax for the region shall be changed to the 14 proposed rate; the ballot must be worded so that a "yes" vote is for change of the 15 salmon enhancement tax to the proposed rate and a "no" vote is for continuation of the 16 current rate of the salmon enhancement tax; 17 (4) a majority of the eligible interim-use permit and entry permit 18 holders who vote in the election cast a ballot for the change of the rate of the salmon 19 enhancement tax; and 20 (5) the qualified regional association provides notice of the election in 21 accordance with AS 43.76.015 within two months after receiving notice from the 22 commissioner of commerce and economic development that a valid petition under (1) 23 of this subsection has been received. 24 (c) An election to change the rate of a salmon enhancement tax under this 25 section shall be held within 90 days after the commissioner of commerce and 26 economic development receives a valid petition under (b)(1) of this section unless the 27 commissioner authorizes an extension of the election date in order to provide for an 28 orderly election. 29 (d) If approved, the change in the rate of the salmon enhancement tax takes 30 effect on the date set out in the ballot.