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HOUSE BILL NO. 153
IN THE LEGISLATURE OF THE STATE OF ALASKA
THIRTY-THIRD LEGISLATURE - FIRST SESSION
BY REPRESENTATIVE GROH
Introduced: 4/5/23
Referred: Community and Regional Affairs, Resources
A BILL
FOR AN ACT ENTITLED
1 "An Act relating to oil and gas exploration, production, and pipeline transportation
2 property taxes; and providing for an effective date."
3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:
4 * Section 1. AS 43.56.010(a) is amended to read:
5 (a) An annual tax [OF 20 MILLS] is levied each tax year
6 (1) beginning January 1, 1974, of 20 mills on the full and true value of
7 taxable property taxable under this chapter; and
8 (2) beginning January 1, 2024, of 10 mills, in addition to the tax
9 under (1) of this subsection, on the full and true value of taxable property taxable
10 under this chapter.
11 * Sec. 2. AS 43.56.010(d) is amended to read:
12 (d) A tax paid to a municipality under AS 29.45.080 or former AS 29.53.045
13 on or before June 30 of the tax year shall be credited against the tax levied under
14 (a)(1) [(a)] of this section for that tax year. If, however, a tax is not paid to a
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1 municipality until after June 30 of the taxable year, the department upon application
2 shall refund to the taxpayer the amount of tax paid to the municipality under
3 AS 29.45.080 or former AS 29.53.045. The credit or refund of taxes paid to a
4 municipality may not exceed the total amount of tax levied by the department on
5 [UPON] the taxpayer for the tax year [,] under (a)(1) [(a)] of this section.
6 * Sec. 3. AS 43.56.010 is amended by adding new subsections to read:
7 (e) The department shall separately account for the taxes collected under
8 (a)(2) of this section. The annual estimated balance of the account may be
9 appropriated by the legislature as follows:
10 (1) 50 percent to the Alaska capital income fund under AS 37.05.565;
11 (2) 25 percent to the Department of Education and Early Development
12 for early childhood education programs, including pre-elementary programs, child
13 care, and educational services;
14 (3) 25 percent to the Alaska higher education investment fund under
15 AS 37.14.750.
16 (f) Nothing in this section creates a dedicated fund.
17 * Sec. 4. This Act takes effect January 1, 2024.
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Statutes affected:
HB0153A, AM HB 153, introduced 04/05/2023: 43.56.010, 29.45.080, 29.53.045