This bill aims to amend the distribution of tax revenue from the fisheries business tax and fishery resource landing tax to municipalities in Alaska. It introduces new provisions that require municipalities to use a portion of the additional revenue for maintaining and improving harbor facilities if they operate such facilities. The bill also modifies the percentages of tax revenue allocated to various municipalities, increasing the shares for unified municipalities and cities in unorganized boroughs from 50% to 60%, and for cities within boroughs from 25% to 35%. Additionally, it establishes a requirement for municipalities receiving these funds to report on their usage and any harbor projects funded by the tax revenue.

Furthermore, the bill mandates that municipalities must allocate a certain percentage of the funds received to support or enhance commercial fishing. It also includes provisions for reporting requirements, stating that municipalities must submit reports detailing the use of funds and any harbor projects funded by the tax revenue to the legislature within 30 days of each regular legislative session. The bill specifies that these changes will apply to tax revenue collected for the 2025 tax year and later, with certain sections taking effect on specific dates, including February 1, 2026, and July 1, 2035.

Statutes affected:
SB0135A, AM SB 135, introduced 03/18/2025: 43.75.130, 43.75.137, 37.07.080, 29.60.450, 43.77.060, 43.77.050, 43.75.150
SB0135B, AM CSSB 135(RES), introduced 04/15/2025: 43.75.130, 43.75.137, 37.07.080, 29.60.450, 43.77.060, 43.77.050, 43.75.150