CSSB 327(TRA): "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 SENATE BILL NO. 327(TRA) 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, notwithstanding 06 the rate set out in AS 43.40.010(a)(2) or (b)(2), on and after the effective date of this Act and 07 until June 30, 1998, during each year beginning October 1 and ending the following 08 September 30, the rate of the tax that is (1) levied and collected on residual fuel oil sold or 09 transferred in the state and used in and on passenger watercraft, or (2) levied and collected 10 on residual fuel oil consumed by a user and used in and on passenger watercraft, is one cent 11 a gallon after revenue derived from the tax levied under AS 43.40.010(a)(2) and (b)(2) on 12 passenger watercraft equals $205,000 during that year. 13 (b) The Department of Revenue shall pay as a refund to every person required by 14 AS 43.40 to collect and remit the tax on residual fuel oil used in or on passenger watercraft
01 and who has remitted the motor fuel tax to the state at the rate set out in AS 43.40.010(a)(2) 02 or (b)(2), a refund of the difference between the tax paid to the department and the amount 03 of the tax required to be paid to the department at the rate set out in (a) of this section. 04 (c) The Department of Revenue may adopt regulations to implement this section. 05 (d) In this section, 06 (1) "passenger watercraft" means watercraft that are capable of carrying 07 passengers for hire and that are principally used for that purpose; 08 (2) "residual fuel oil" means the heavy refined hydrocarbon known as number 09 6 fuel oil that is the residue from crude oil after refined petroleum products have been 10 extracted by the refining process and that may be consumed or used only when sufficient heat 11 is provided to the oil to reduce its viscosity rated by kinetic unit and to give it fluid properties 12 sufficient for pumping and combustion. 13 * Sec. 2. APPLICABILITY. In calculating the tax due under AS 43.40 and sec. 1 of this 14 Act for the period beginning on the effective date of this Act and ending the following 15 September 30, the Department of Revenue shall take into account amounts received from the 16 levy of the tax set out in AS 43.40.010(a)(2) and (b)(2) on residual fuel oil used in passenger 17 watercraft after September 30, 1993, and before the effective date of this Act. In this section, 18 "passenger watercraft" and "residual fuel oil" have the meanings given in sec. 1 of this Act. 19 * Sec. 3. This Act takes effect immediately under AS 01.10.070(c).