AK HB184

Increases municipal share of fisheries business tax (AS 43.75) revenue from 50 percent to 75 percent for unified municipalities and cities in unorganized boroughs, and from 25 percent to 37.5 percent for cities within boroughs.

Increases municipal share of fishery resource landing tax (AS 43.77) revenue using the same percentages: 75 percent for unified municipalities and cities in unorganized boroughs, and 37.5 percent for cities within boroughs.

Raises the percentage of unclaimed tax revenue distributed to eligible municipalities through the Department of Commerce, Community, and Economic Development from 50 percent to 75 percent under both tax chapters.

Requires municipalities receiving tax revenue under these provisions to submit annual reports to the legislature within 10 days of each regular legislative session describing fund use and harbor maintenance or improvement projects.

Establishes legislative intent that municipalities use additional revenue to help maintain and improve harbor facilities; applies to tax revenue collected for 2012 tax year and subsequent years, effective January 1, 2013.