1981-50 Relating to Manner of Taxation of Boats and Vessels0
b etween
valorem
b oats
tonnage not to exceed five dollars a year for boats or vessels of less than five
net tons or fifteen dollars a year for boats or vessels of more than five net
tons, and
WHEREAS, the Kodiak Island Borough expects to receive additional income
in the coming years through increased state reimbursement of the proceeds of the
state raw fish tax, and
WHEREAS, the Borough feels that receipt of this additional income
renders feasible a reduction of the amount of ad valorem tax normally received
with respect to boats and vessels, and
WHEREAS, the Borough retains the power to revert to an ad valorem
system of taxing boats and vessels in the event that revenues from other sources
prove inadequate for municipal needs.
NOW, THEREFORE, THE ASSEMBLY FOR THE KODIAK ISLAND BOROUGH ORDAINS:
Section 1. A new section .050 is added to Chapter 3.24 of the code of
the Kodiak Island Borough, to read as follows:
3.24.050 Classification of Boats and Vessels Pursuant to
AS 29.53.025 (b) (1) boats and vessels are hereby classified for
purposes of taxation as a special category and shall be taxed at
the rate of five dollars a year for a.boat or vessel of less than
five net tons and fifteen dollars a year for a boat or vessel of
more than five net tons, rather than on an ad valorem basis.
Section 2. This ordinance shall be effective immediately, and shall
apply to the tax year commencing January 1, 1982.
PASSED AND APPROVED this 9th day of November , 1981 by
the Borough Assembly.
I 1 5
KODIAK ISLAND BOROUGH
ORDINANCE NO. 81 -50 -0
AN ORDINANCE RELATING TO MANNER OF TAXATION OF BOATS AND VESSELS.
WHEREAS, considerable difficulty and conflict has arisen in the past
the City of Kodiak and the Kodiak Island Borough with respect to ad
taxation of boats and vessels, and
WHEREAS, AS 29.53.025 (b) (1) authorizes municipalities to classify
and vessels for purposes of taxation and to provide for a tax based on
ATTEST:
By
B•rough Ma
Borough C1
.First Reading and Approval: October 1, 1981
Second Reading, Public Hearing, Passage: November 9, 1981
kEffective Date: November 9,1981