Alaska SB135 proposes changes to the distribution of fisheries business tax revenue among municipalities.

The bill amends the distribution of tax revenue from fisheries businesses and fishery resources landings in Alaska. It mandates the Department of Commerce, Community, and Economic Development to disburse certain tax revenues to eligible municipalities. The bill specifies percentages for different types of municipalities and boroughs, varying based on the year of incorporation. Additionally, it requires municipalities receiving shared tax revenue to report to the legislature on how the funds were used and any harbor maintenance projects funded by these revenues.

Alaska SB135 proposes changes to the distribution of fisheries business tax revenue among municipalities.

The bill amends the distribution of tax revenue from fisheries businesses and fishery resources landings in Alaska. It mandates the Department of Commerce, Community, and Economic Development to disburse certain tax revenues to eligible municipalities. The bill specifies percentages for different types of municipalities and boroughs, varying based on the year of incorporation. Additionally, it requires municipalities receiving shared tax revenue to report to the legislature on how the funds were used and any harbor maintenance projects funded by these revenues.