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1 <br /> 2 Introduced by: KIB Assembly <br /> Requested by: Borough Assessor <br /> 3 Drafted by: Borough Assessor <br /> 4 Introduced: 12/03/2015 <br /> 5 Amended: 12/03/2015 <br /> 6 Public Hearing: 12/17/2015 <br /> Amended: 12/17/2015 <br /> 7 Adopted: 12/17/2015 <br /> 8 <br /> 9 KODIAK ISLAND BOROUGH <br /> 10 ORDINANCE NO. FY2016-09 <br /> 11 <br /> 12 AN ORDINANCE OF THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH <br /> 13 AMENDING KODIAK ISLAND BOROUGH CODE OF ORDINANCES TITLE 3 <br /> 14 REVENUE AND FINANCE, CHAPTER 3.40 PERSONAL PROPERTY TAX, <br /> 15 SECTION 3.40.060 PENALTIES AND INTEREST <br /> 16 <br /> 17 WHEREAS, KIBC 3.40.060 sets penalty rates for failure to file personal property returns as <br /> 18 required by KIBC 3.40.010 and KIBC 3.40.020; and <br /> 19 <br /> 20 WHEREAS, an amendment made to KIBC 3.40.050 under KIBC Ordinance No. FY2014-10 <br /> 21 erroneously omitted the penalty applied to tax due upon a person who fails to file a personal <br /> 22 property return; and <br /> 23 <br /> 24 WHEREAS, this ordinance would set forth at Section 3.40.060(B), that a person who fails to <br /> 25 file a personal property return shall be liable for a penalty of 10 percent of the tax assessed; and <br /> 26 <br /> 27 NOW, THEREFORE, BE IT ORDAINED BY THE ASSEMBLY OF THE KODIAK ISLAND <br /> 28 BOROUGH THAT: <br /> 29 <br /> 30 Section 1: This ordinance is of a general and permanent nature and shall become a part of <br /> 31 30 the Kodiak Island Borough Code of Ordinances; 31 <br /> 32 <br /> 33 Section 2: Title 3 Revenue and Finance, Chapter 3.40 Personal Property Tax, Section 33 <br /> 34 3.40.050 Penalties and Interest is hereby amended as follows: <br /> 35 <br /> 36 Chapter 3.40 <br /> 37 PERSONAL PROPERTY TAX <br /> 38 <br /> 39 Sections: <br /> 40 3.40.010 Property subject to taxation. <br /> 41 3.40.020 Exemptions. <br /> 42 3.40.030 Assessment return. <br /> 43 3.40.040 Tax situs of personal property. <br /> 44 3.40.050 Liability for and collection of personal property taxes. <br /> 45 3.40.060 Penalties and interest. <br /> 46 3.40.070 Classification of boats and vessels. <br /> 47 3.40.080 Classification of aircraft. <br /> 48 <br /> 49 <br /> 50 <br /> 51 <br /> 52 <br /> Kodiak Island Borough, Alaska Ordinance No. FY2016-09 <br /> Pagel of 2 <br />