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 this revenue.

Furthermore, the bill includes provisions for municipalities incorporated after specific dates, adjusting the percentages of tax revenue they receive over the years following their incorporation. It mandates that municipalities submit reports detailing how the funds were utilized, with exemptions for those receiving less than $10,000. The bill also specifies that a certain percentage of the funds must be used to support or enhance commercial fishing. The effective dates for various sections of the bill are staggered, with some provisions taking effect in 2026 and others in 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