00                            SENATE BILL NO. 71                                                                          
01 "An Act relating to the filing date for the final quarterly payment of, and to the                                      
02 assessment of penalties under, the fishery resource landing tax."                                                       
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
04    * Section 1. AS 43.77.020(b) is amended to read:                                                                   
05            (b)  The return shall be made on the basis of the calendar year. The return                              
06       [AND] is due within 30 days after the department posts the statewide average fish                             
07       price calculated by the Department of Fish and Game for [BEFORE APRIL 1                                       
08       AFTER THE CLOSE OF] the calendar year for which the return is made, and any                                   
09       unpaid tax shall be paid with the return.                                                                         
10    * Sec. 2. AS 43.77.020(d) is amended to read:                                                                      
11            (d)  A person subject to the tax under this chapter shall make quarterly                                     
12       payments of the tax estimated to be due for the year, as required under regulations                               
13       adopted by the department. A taxpayer will be subject to an estimated tax penalty,                                
14       determined by applying the interest rate specified in AS 43.05.225 to the                                         

01       underpayment for each quarter, unless the taxpayer makes estimated tax payments in                                
02       [EQUAL] installments that [TOTAL EITHER]                                                                          
03                 (1)  are each at least 90 percent of the product of the actual price                            
04       paid at the place of landing for the fishery resources subject to the landing tax                             
05       landed during that quarter by the person multiplied by the tax rate applicable to                             
06       those fishery resources under (a) of this section [THE TAXPAYER'S TAX                                         
07       LIABILITY UNDER THIS CHAPTER FOR THE TAX YEAR]; or                                                                
08                 (2)  total at least 100 percent of the taxpayer's tax liability under this                          
09       chapter for the prior tax year.