AK HB65

Repeals municipal allocations and refunds of fisheries business taxes collected under AS 43.75 and AS 43.77, effective for taxes levied on and after January 1, 2018.

Eliminates revenue sharing provisions that previously allowed annual balances in the fishery resource landing tax account to be appropriated to municipalities.

Removes shared fisheries business taxes from the list of allowable matching funds for harbor facility grants, while retaining community assistance program funds and excise tax on commercial passenger vessel accommodations as eligible sources.

No allocations or refunds will be made to municipalities during fiscal year 2020.

Makes sections 1-5 of the Act retroactive to January 1, 2019, with the Act taking effect immediately except for specific sections tied to prior legislation effective dates.