1987-64 Regarding a New State Raw Fish Tax Policy.ATTEST:
By
0 r o ue
t AlS a { "...., cmc(cca.g.
Jerk iJ
KODIAK ISLAND BOROUGH
RESOLUTION NO. 67 -6e -R
A RESOLUTION OF THE KODIAK ISLAND BOROUGH ASSEMBLY REGARDING 4 NSW
STATE RAW FISH TAX POLICY.
WHEREAS, the current objective of the state raw fish tax is to
encourage on-shore development with a lower rate for on -shore processors
compared to off -shore processors; and
WHEREAS, the combined tax of local governments and the :tate raw f
give a distinct advantage to off -shore processors. and
WHEREAS, with the decline in state revenues will force local
governments to raise local revenues. including possibly Increasing taxes on
on-shore plants; and
WHEREAS, it is to the benefit of municipalities in the Southwest
Region to encourage onshore development or floating processor activities
within their municipal boundaries.
NOW, THEREFORE, BE IT RESOLVED that the Kodiak Island Borough
Assembly supports a new raw fish tax policy which will result in on-shore
processors paying the !east amount of state taxes. S %. followed by floating
processors within municipal boundaries, 5 %, f_ !'owed by processors outside
municipal boundaries. 3 %; and
3E IT FURTHER RESOLVED that this tax policy be managed to allow
municipalities to retain the same amount ( percentage) they presently receive il
State shared taxes :or operations within municipal boundaries, while the State
shall receive a lessor amount (percentage) for processing operations within
municipal boundaries. This potential loss in revenues to the State, however,
should be recovered through the increased revenues it will receive from higher
tax rates on processors that operate outside municipal boundaries.
PASSED AND APPROVED this 15 day of October
KODAK ISLAND BOROUGH
By
By
0oro
PLli /Ling Officer
'O87