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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />33 <br />34 <br />35 <br />36 <br />37 <br />38 <br />39 <br />40 <br />41 <br />42 <br />43 <br />44 <br />45 <br />Introduced by: Manager's Office <br />Drafted by: M. Slife <br />Introduced on: 6/21/2018 <br />Public Hearing Date: 07/05/2018 <br />Amended on: 07/05/2018 <br />Adopted on:07/05/2018 <br />KODIAK ISLAND BOROUGH <br />ORDINANCE NO. FY2019-04 <br />AN ORDINANCE OF THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH REVISING <br />KODIAK ISLAND BOROUGH TITLE 3.45 SEVERANCE TAX TO ALLOW WAIVER OF <br />SEVERANCE TAXES FOR NON -PROFITS BY MAJORITY VOTE OF THE KODIAK ISLAND <br />BOROUGH ASSEMBLY. <br />WHEREAS, Severance tax is a form of excise tax levied on all resources extracted from Kodiak <br />Island Borough lands and waters; and <br />WHEREAS, Non profits have approached Kodiak Island Borough to harvest resources for <br />fundraising efforts and have had to pay severance tax thereby decreasing profits; and <br />WHEREAS, Kodiak Island Borough Code does not provide a mechanism for severance tax <br />exemption for non -profits; and <br />NOW, THEREFORE, BE IT ORDAINED BY THE ASSEMBLY OF THE KODIAK ISLAND <br />BOROUGH THAT: <br />Section 1: This ordinance is of a general and permanent nature and shall become a part of the <br />Kodiak Island Borough Code of Ordinances. <br />Section 2: That section 3.45.030 Exemption. of the Kodiak Island Borough Code of Ordinances <br />is amended by adding a new section to read: <br />3.45.030 Exemptions. <br />This exemption does not apply to KIBC 3.45.020(D). ford. 91-03 42 1991. Formerly <br />43.26.0301. <br />A. If the annual gross production value of severed or harvested natural resources within the <br />borough does not equal or exceed the amount of $5,000 annually, the severer or harvester shall <br />be exempt from taxation under this chapter. This exemption dGeS Rot apply to K19C a.AEj.:M(D). <br />B. Severance Taxes may be waived for eligible 501c (3) organizations upon application to <br />the Borough Manager. This waiver is available for non-profit fundraising activities which <br />are related to the use of resources extracted from Kodiak Island Borough Lands. <br />Kodiak Island Borough, Alaska <br />Deletion — Red, Strikeout <br />Insertion — Bold, Blue, Underlined <br />Ordinance No. FY2019-04 <br />Page 1 of 2 <br />