CSHB 453(L&C): "An Act establishing, for purposes of the levy and collection of the motor fuel tax and for a limited period, a different tax levy on residual fuel oil used in and on certain watercraft; and providing for an effective date."
00CS FOR HOUSE BILL NO. 453(L&C) 01 "An Act establishing, for purposes of the levy and collection of the motor fuel 02 tax and for a limited period, a different tax levy on residual fuel oil used in 03 and on certain watercraft; and providing for an effective date." 04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 05 * Section 1. (a) For purposes of calculating the tax due under AS 43.40, 06 (1) notwithstanding AS 43.40.010(a)(2), on and after the effective date of this 07 Act and until January 1, 2000, the rate of the tax that is levied and collected on residual fuel 08 oil sold or transferred in the state and used in and on passenger watercraft is 1.5 cents a 09 gallon; 10 (2) notwithstanding AS 43.40.010(b)(2), on and after the effective date of this 11 Act and until January 1, 2000, the rate of the tax that is levied and collected on residual fuel 12 oil consumed by a user and used in and on passenger watercraft is 1.5 cents a gallon. 13 (b) In (a) of this section, 14 (1) "passenger watercraft" means watercraft that are capable of carrying
01 passengers for hire and that are principally used for that purpose in interstate or international 02 commerce; 03 (2) "residual fuel oil" means the heavy refined hydrocarbon otherwise known 04 as number 6 fuel oil that is the residue from crude oil after refined petroleum products have 05 been extracted by the refining process and that may be consumed or used only when sufficient 06 heat is provided to the oil to reduce its viscosity rated by kinematic unit and to give it fluid 07 properties sufficient for pumping and combustion. 08 * Sec. 2. This Act takes effect immediately under AS 01.10.070(c).