HB 184: "An Act relating to the sharing of tax revenue from the fisheries business tax and fishery resource landing tax with municipalities; and providing for an effective date."
00 HOUSE BILL NO. 184 01 "An Act relating to the sharing of tax revenue from the fisheries business tax and 02 fishery resource landing tax with municipalities; and providing for an effective date." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. AS 43.75.130(a) is amended to read: 05 (a) Subject to appropriation by the legislature and to [EXCEPT AS 06 PROVIDED IN] (d) of this section, the commissioner shall pay 07 (1) to each unified municipality and to each city located in the 08 unorganized borough, 75 [50] percent of the amount of tax revenue collected in the 09 municipality from taxes levied under this chapter; 10 (2) to each city located within a borough, 37.5 [25] percent of the 11 amount of tax revenue collected in the city from taxes levied under this chapter; and 12 (3) to each borough 13 (A) 75 [50] percent of the amount of tax revenue collected in 14 the area of the borough outside cities from taxes levied under this chapter; and
01 (B) 37.5 [25] percent of the amount of tax revenue collected in 02 cities located within the borough from taxes levied under this chapter. 03 * Sec. 2. AS 43.75.130(g) is amended to read: 04 (g) In this section, "tax revenue collected" means the revenue collected by 05 the department from taxes levied under this chapter on the value of fishery 06 resources that are either (1) processed in a municipality; or (2) first landed in a 07 municipality and exported from the state without being processed in the state; 08 "tax revenue collected" includes the amount credited against taxes under 09 AS 43.75.018. 10 * Sec. 3. AS 43.75.137 is amended to read: 11 Sec. 43.75.137. Additional refund. Subject to appropriation by the 12 legislature [TO THE EXTENT THAT APPROPRIATIONS ARE AVAILABLE FOR 13 THE PURPOSE, AND NOTWITHSTANDING THE REQUIREMENT OF 14 AS 37.07.080(e) THAT APPROVAL OF THE OFFICE OF MANAGEMENT AND 15 BUDGET IS REQUIRED], an amount equal to 75 [50] percent of the tax revenue that 16 is collected under this chapter from fisheries businesses and that is not subject to 17 division with a municipality under AS 43.75.130 shall be paid by [TRANSMITTED 18 EACH FISCAL YEAR, WITHOUT THE APPROVAL OF THE OFFICE OF 19 MANAGEMENT AND BUDGET, BY THE DEPARTMENT TO] the Department of 20 Commerce, Community, and Economic Development [FOR DISBURSAL] to eligible 21 municipalities under AS 29.60.450. 22 * Sec. 4. AS 43.77.060(a) is amended to read: 23 (a) Subject to appropriation by the legislature and except as provided in (b) of 24 this section, the commissioner shall pay to each 25 (1) unified municipality and to each city located in the unorganized 26 borough, 75 [50] percent of the amount of tax revenue collected from taxes levied 27 under this chapter on the fishery resource landed in the municipality and accounted for 28 under AS 43.77.050(b); 29 (2) city located within a borough, 37.5 [25] percent of the amount of 30 the tax revenue collected from taxes levied under this chapter on fishery resources 31 landed in the city and accounted for under AS 43.77.050(b); and
01 (3) borough 02 (A) 75 [50] percent of the amount of the tax revenue collected 03 from taxes levied under this chapter on fishery resources landed in the area of 04 the borough outside cities and accounted for under AS 43.77.050(b); and 05 (B) 37.5 [25] percent of the amount of the tax revenue collected 06 from taxes levied under this chapter on fishery resources landed in cities 07 located within the borough and accounted for under AS 43.77.050(b). 08 * Sec. 5. AS 43.77.060(d) is amended to read: 09 (d) Subject to appropriation by the legislature [TO THE EXTENT THAT 10 APPROPRIATIONS ARE AVAILABLE FOR THE PURPOSE, AND 11 NOTWITHSTANDING THE REQUIREMENT OF AS 37.07.080(e) THAT 12 APPROVAL OF THE OFFICE OF MANAGEMENT AND BUDGET IS 13 REQUIRED], an amount equal to 75 [50] percent of the tax revenue that is collected 14 under this chapter and that is not subject to division with a municipality under (a) - (c) 15 of this section shall be paid by [TRANSMITTED EACH FISCAL YEAR, 16 WITHOUT THE APPROVAL OF THE OFFICE OF MANAGEMENT AND 17 BUDGET, BY THE DEPARTMENT TO] the Department of Commerce, Community, 18 and Economic Development [FOR DISBURSAL] to eligible municipalities under 19 AS 29.60.450. 20 * Sec. 6. The uncodified law of the State of Alaska is amended by adding a new section to 21 read: 22 APPLICABILITY. This Act applies to tax revenue collected by the Department of 23 Revenue under AS 43.75 and AS 43.77 for the 2011 tax year and subsequent tax years. 24 * Sec. 7. This Act takes effect January 1, 2012.