FY2016-09 Amending KIBC Title 3 Revenue and Finance Chapter 3.40 Personal Property Tax 3.40.060 Penalties and Interest 1
2 Introduced by: KIB Assembly
Requested by: Borough Assessor
3 Drafted by: Borough Assessor
4 Introduced: 12/03/2015
5 Amended: 12/03/2015
6 Public Hearing: 12/17/2015
Amended: 12/17/2015
7 Adopted: 12/17/2015
8
9 KODIAK ISLAND BOROUGH
10 ORDINANCE NO. FY2016-09
11
12 AN ORDINANCE OF THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH
13 AMENDING KODIAK ISLAND BOROUGH CODE OF ORDINANCES TITLE 3
14 REVENUE AND FINANCE, CHAPTER 3.40 PERSONAL PROPERTY TAX,
15 SECTION 3.40.060 PENALTIES AND INTEREST
16
17 WHEREAS, KIBC 3.40.060 sets penalty rates for failure to file personal property returns as
18 required by KIBC 3.40.010 and KIBC 3.40.020; and
19
20 WHEREAS, an amendment made to KIBC 3.40.050 under KIBC Ordinance No. FY2014-10
21 erroneously omitted the penalty applied to tax due upon a person who fails to file a personal
22 property return; and
23
24 WHEREAS, this ordinance would set forth at Section 3.40.060(B), that a person who fails to
25 file a personal property return shall be liable for a penalty of 10 percent of the tax assessed; and
26
27 NOW, THEREFORE, BE IT ORDAINED BY THE ASSEMBLY OF THE KODIAK ISLAND
28 BOROUGH THAT:
29
30 Section 1: This ordinance is of a general and permanent nature and shall become a part of
31 30 the Kodiak Island Borough Code of Ordinances; 31
32
33 Section 2: Title 3 Revenue and Finance, Chapter 3.40 Personal Property Tax, Section 33
34 3.40.050 Penalties and Interest is hereby amended as follows:
35
36 Chapter 3.40
37 PERSONAL PROPERTY TAX
38
39 Sections:
40 3.40.010 Property subject to taxation.
41 3.40.020 Exemptions.
42 3.40.030 Assessment return.
43 3.40.040 Tax situs of personal property.
44 3.40.050 Liability for and collection of personal property taxes.
45 3.40.060 Penalties and interest.
46 3.40.070 Classification of boats and vessels.
47 3.40.080 Classification of aircraft.
48
49
50
51
52
Kodiak Island Borough, Alaska Ordinance No. FY2016-09
Pagel of 2
53 3.40.060 Penalties and interest.
54
55 A. A person who or entity required by this code to file a personal propeft return files a
56 completed return after the filing deadline, but before the mailing of the assessment notices
n
57 shall, in addition to other penalties provided by law, be liable for a penalty of five percent of
58 the tax assessed against said personal property for that tax year.
59
60 B. A person or entity required by this code to file a personal property return ®it"��e
61 , who fails to
62 file a return as required by this code wriar W rmebMaFy 28th Of
+hG GUFF®nF roc ice rn®n0 , ®ter
63 before the mailing of the assessment notices shall, in addition to other,penalties
64 provided by law, shad be fined a penalty in the amount of $300:x: and be liable for
65 penalty of 10 percent of the tax assessed against said personal property► for the tax
66 year.
67
68 C.
69 ,
70 , Fetum Fed by this sp-dinn-minfing to th
71 amount, kind. - Ile of personal pFopeFty suNeGt tO taxation by the bOFOUgh with intent to
72 , is Uilf.p -f
73 of this rhapteF, and this-2148F;-ispunishable by a fine of $1,000. (AS 29.45.140). [Ord.
74 FY2014-10 §16, 2014; Ord. FY2011-07 §2, 2010; Ord. 93-36 §4, 1993; Ord. 92-25 §2, 1992;
75 Ord. 74-8-0 §3, 1974; Ord. 69-4-0 §1, 1969; Ord. 67-11-0 §1, 1967; prior code Ch. 3
76 subch. 2 §3. Formerly §3.40.030. Code 1974 §3.24.030].
77
78 ADOPTED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH
79 THIS SEVENTEENTH DAY OF DECEMBER, 2015
80
81
82 KODIAK ISLAND UGH
83 -
84
85
86 errol Friend, Borough Mayor
87
88 ATT ST:
89
90
91
92 va M. Javier, MMC, Boroug lerk
Kodiak Island Borough, Alaska Ordinance No, FY20Page 2 16-09