AK SB214

Creates a credit against state mining license tax for municipal mining taxes paid on or before June 30 of the tax year, or allows a refund if paid after the tax return is filed.

The credit or refund may not exceed the total amount of state mining license tax levied against the taxpayer for that tax year, and includes payments in lieu of taxes on mining activity.

Requires mining license tax proceeds to be deposited in the general fund and separately accounted for under AS 37.05.142.

Allows the legislature to appropriate up to 33 percent of mining tax proceeds to boroughs with mining activity upon request by the Commissioner of Commerce, Community, and Economic Development.

Allows the legislature to appropriate up to 33 percent of mining tax proceeds to non-borough municipalities affected by mining, with criteria for determining "affected" status to be established by regulation.