Bill Summary – FastDemocracy

State of Alaska
                                                              Fiscal Note
                                                                                                  Bill Version:                    SB 63
 2019 Legislative Session
                                                                                                  Fiscal Note Number:              2
                                                                                                  (S) Publish Date:                2/18/2019
 Identifier:        2019200089-DOR-TAX-2-12-2019                                    Department:       Department of Revenue
 Title:             FISH TAX: REPEAL MUNI REFUNDS/REV.                              Appropriation: Taxation and Treasury
                    SHARE                                                           Allocation:       Tax Division
 Sponsor:           RLS BY REQUEST OF THE GOVERNOR                                  OMB Component Number:              2476
 Requester: Governor
 Expenditures/Revenues
 Note: Amounts do not include inflation unless otherwise noted below.                                                                    (Thousands of Dollars)
                                                 Included in
                                    FY2020       Governor's
                                Appropriation      FY2020                                                Out-Year Cost Estimates
                                  Requested       Request
 OPERATING EXPENDITURES               FY 2020        FY 2020       FY 2021                          FY 2022           FY 2023            FY 2024         FY 2025
 Personal Services
 Travel
 Services
 Commodities
 Capital Outlay
 Grants & Benefits
 Miscellaneous
 Total Operating                            0.0           0.0          0.0                                0.0                0.0              0.0               0.0
 Fund Source (Operating Only)
 None
 Total                                              0.0             0.0                  0.0              0.0                0.0              0.0               0.0
 Positions
 Full-time
 Part-time
 Temporary
 Change in Revenues
 1004 Gen Fund (UGF)                         29,100.0                             29,700.0          30,400.0          31,100.0          31,800.0         32,500.0
 Total                                       29,100.0               0.0           29,700.0          30,400.0          31,100.0          31,800.0         32,500.0
 Estimated SUPPLEMENTAL (FY2019) cost:                                      50.0               (separate supplemental appropriation required)
 Estimated CAPITAL (FY2020) cost:                                           0.0                (separate capital appropriation required)
 Does the bill create or modify a new fund or account?       No
 (Supplemental/Capital/New Fund - discuss reasons and fund source(s) in analysis section)
 ASSOCIATED REGULATIONS
 Does the bill direct, or will the bill result in, regulation changes adopted by your agency?                     Yes
 If yes, by what date are the regulations to be adopted, amended or repealed?                                     12/31/19
 Why this fiscal note differs from previous version/comments:
 Not applicable, initial version based on the 2-13-19 Governor's FY2020 request.
 Prepared By:               Brandon Spanos, Deputy Director                                                             Phone:         (907)269-6736
 Division:                  Tax Division                                                                                Date:          02/12/2019 12:00 AM
 Approved By:               Brad Ewing, Administrative Services Director                                                Date:          02/12/19
 Agency:                    Office of Management and Budget
Printed 2/18/2019                                                          Page 1 of 2                                                          Control Code: fvEfb
                                                                                                                  SB 63 - Fiscal Note 2
                                                  FISCAL NOTE ANALYSIS
STATE OF ALASKA                                                                 BILL NO. LL0089
2019 LEGISLATIVE SESSION
Analysis
   Background
   This bill would repeal the current 50% revenue sharing of fisheries business taxes and fishery resource landing taxes with
   municipalities where the fish are either processed or landed. The bill would be effective retroactive to January 1, 2019.
   Therefore, if this bill were to become law, the Department of Revenue would not share fisheries business taxes and
   fisheries landing taxes in October of 2019 with municipalities even though the taxable event took place in tax year 2018.
   Revenue Impact
   The Department of Revenue estimates that this legislation will increase fisheries business tax revenue and fisheries
   landing tax revenue by the following amounts each year between FY20 through FY25:
                            FY 2020    FY 2021     FY 2022          FY 2023         FY 2024         FY 2025
   Fish Business            22,200.0   22,700.0    23,200.0         23,700.0        24,300.0        24,800.0
   Fish Landing              6,900.0    7,000.0     7,200.0          7,400.0         7,500.0         7,700.0
   Total                    29,100.0   29,700.0    30,400.0         31,100.0        31,800.0        32,500.0
   Implementation Cost
   This legislation would require the Department of Revenue to update its Tax Revenue Management System (TRMS). The
   update would consist of reprogramming the sharing rules in TRMS and the interface between TRMS and IRIS. We would
   need to test the new rules and interface thoroughly to verify that they function as expected. The supplemental fiscal note
   figure of $50.0 in FY19 is to cover the costs of having our contractor update TRMS. We do not anticipate any continuing
   costs or additional staff needs. After the implementation of the changes, this legislation would not cause any additional
   administrative burden on the Tax Division.
(Revised 9/05/18 OMB/LFD)                                                                                         Page 2 of 2
2019200089-DOR-TAX-2-12-2019                                  Page 2 of 2                                                 Control Code: fvEfb
Statutes affected: 
SB0063A, AM SB 63, introduced 02/18/2019: 29.60.800, 43.40.010, 43.75.015, 43.75.130, 29.60.810, 29.60.850, 29.60.879, 29.60.450, 43.75.137, 43.52.200, 43.52.295, 35.10.120, 43.77.015, 43.77.020, 43.77.060, 43.77.050, 43.77.040, 43.75.133, 43.75.035, 43.75.036, 21.66.110, 21.96.070, 21.96.075, 43.05.010, 43.20.014, 43.55.019, 43.56.018, 43.65.018, 43.75.018, 43.77.045, 44.62.240