Legislature(2019 - 2020)

2019-02-20 House Journal

Full Journal pdf

2019-02-20                     House Journal                      Page 0186
HB 65                                                                                                                         
HOUSE BILL NO. 65 by the House Rules Committee by request of                                                                    
the Governor, entitled:                                                                                                         
     "An Act repealing the fisheries business tax allocation to                                                                 
     municipalities; repealing the refunds to local governments of                                                              
     fisheries business taxes; repealing revenue sharing for the fishery                                                        
     resource landing tax; providing for an effective date by amending                                                          
     the effective date of sec. 36, ch. 61, SLA 2014; and providing for                                                         
     an effective date."                                                                                                        
was read the first time and referred to the House Special Committee on                                                          
Fisheries and the Community & Regional Affairs and Finance                                                                      

2019-02-20                     House Journal                      Page 0187
The following fiscal note(s) apply:                                                                                             
1. Fiscal, Dept. of Commerce, Community, & Economic                                                                             
2. Fiscal, Dept. of Revenue                                                                                                     
The Governor's transmittal letter dated February 15 follows:                                                                    
"Dear Speaker Edgmon:                                                                                                           
Under the authority of Article III, Section 18, of the Alaska                                                                   
Constitution, I am transmitting a bill repealing statutes providing                                                             
allocations, refunds, and revenue sharing to municipalities from the                                                            
Fisheries Business Taxes and Fishery Resource Landing Tax.                                                                      
Currently, the state shares revenues from state fisheries business taxes                                                        
with municipalities. For the fisheries business taxes, 50 percent of                                                            
Fisheries Business Taxes are shared with the municipalities where the                                                           
fishery resources were processed. Similarly, the state shares 50 percent                                                        
of the Fishery Resource Landing Tax with the municipality where the                                                             
fishery resources were landed. The revenues that form the basis of the                                                          
disbursement each October are from taxes collected for the previous                                                             
calendar year of processing and landing of fisheries resources. In fiscal                                                       
year 2018, the state shared approximately $29 million in revenues.                                                              
This bill would repeal the statutes that provide for this revenue                                                               
I urge your prompt and favorable action on this measure.                                                                        
Michael J. Dunleavy