FY2006-10 Title 3 Amendment Classification of Boats and VesselsSections:
3.24.010
3.24.015
3.24.020
3.24.030
3.24.050
3.24.060
3.24.070
3.24.080
Assessment return.
Tax situs of personal property.
Liability for and collection of.
Penalties.
Classification of boats and vessels.
Business inventories exempt.
Household furniture and effects exempt.
Commercial fishing gear exempt.
ATTEST:
Judith A. Nielse CMC, Borou 9 Clerk
Kodiak Island Borough, Alaska
Chapter 3.24
PERSONAL PROPERTY TAX
KODIAK ISLAND BOROUGH
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Introduced by Manager Gifford
Draft
Requested by Finance Director
Y Borough Clerk
Introduced: 05/18/2006
Public Hearing: 06/01/2008
Adopted: 06/01/2006
KODIAK ISLAND BOROUGH
ORDINANCE NO. FY2006 -10
AN ORDINANCE OF THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH
AMENDING KODIAK ISLAND BOROUGH CODE OF ORDINANCES
TITLE 3 REVENUE AND FINANCE CHAPTER 3.24 PERSONAL PROPERTY TAX
SECTION 3.24.050 CLASSIFICATION OF BOATS AND VESSELS
WHEREAS, KIBC 3.24.050 provides that boats and vessels are classified for purposes of taxation
as a special category and shall be taxed at the rate of fifteen (15) dollars a year; and
WHEREAS, the Borough Manager and Finance Director feel it is prudent that the tax on boats and
vessels should be included in the annual Borough budget process;
NOW, THEREFORE, BE IT ORDAINED BY THE ASSEMBLY OF THE KODIAK ISLAND
BOROUGH THAT:
Section 1: This ordinance is of a general and permanent nature and shall become a part of the
Kodiak Island Borough Code of Ordinances.
Section 2: Title 3 Revenue and Finance Chapter 3.24 Personal Property Tax Section 3.24.050
Classification of Boats and Vessels is hereby amended as follows:
3.24.050 Classification of boats and vessels. Pursuant to AS 29.45.050(b)(2), boats and vessels
are classified for purposes of taxation as a special category and shall be taxed at the rate of -fifteen
(15) dolars-a-year determined annually by the assembly during the budget adoption process for a
boat or vessel of more than five (5) net tons, rather than on an ad valorem basis.
ADOPTED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH
THIS FIRST DAY OF JUNE 2006
Ordinance No. FY2006 -10.
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