1985-20 Supporting Use of a Portion of the Raw Fish Tax to Provide Shore Based Fisheries Business Tax Credits.L I
KODIAK ISLAND BOROUGH
RESOLUTION NO. 85-20-R
A RESOLUTION OF THE KODIAK ISLAND BOROUGH ASSEMBLY SUPPORTING USE OF
PORTION OF THE RAW FISH TAX TO PROVIDE SHORE BASED FISHERIES BUSINESS TAX
EDITS.
WHEREAS, fishing is an important economic activity in the State of
laska employing one out of every ten Alaskans, and
WHEREAS, investment capital for onshore processing facilities is
ized as a top priority in the fishing community, and
WHEREAS, loss of the King Crab fishing means diversification is needed
derive maximum benefit from Alaska's fishery resources, and
WHEREAS, the potential growth of the bottomfish industry makes it
ally important that this segment of the processing industry be promoted
the economic welfare of the entire state, and
WHEREAS, tax credits would encourage the building and expansion of
re bottomfish facilities and create a more stable job market, and
WHEREAS, Senate Bill 11 and House Bill 58 allow tax credit of not more
fifty percent of a shore -based cannery or fishery business's tax liability
capital expenditures incurred for the development of the capability of
rocessing a developing commercial fish species.
NOW, THEREFORE, BE IT RESOLVED by the Kodiak Island Borough Assembly
t the Governor and the Legislature are urged to adopt Senate Bill 11 and
(House Bill 58 to provide tax credits to shore -based processors to develop or
expand their facilities for bottomfish processing.
BE IT FURTHER RESOLVED that copies of this resolution be forwarded to:
The Honorable Bill Sheffield, Governor of Alaska
The Honorable Don Bennett, President of the Senate
The Honorable Ben F. Grussendorf, Speaker, House of Representatives
The Honorable Mike Navarre, Chairman, House Labor & Commerce Committee
The Honorable Albert P. Adams, Chairman, House Finance Committee
The Honorable Jan Faiks, Co -Chairman, Senate Finance Committee
The Honorable John C. Sackett, Co -Chairman, Senate Finance Committee
The Honorable Fred F. Zharoff, State Senate
The Honorable David W. Thompson, House of Represenatives
The Honorable John Pugh, Mayor, City of Kodiak
Andrew Brumbaugh, President, Kodiak Area Chamber of Commerce
Al Burch, Manager, Alaska Draggers Association
Ron Jolin, President, United Fisherman's Marketing Association
Lynn Domingo, Secretary -Treasurer, Cannery Workers Union
Chris Mitchell, Executive Director, Alaska Fisheries Development
Foundation
PASSED AND APPROVED this 7th day of February , 1985.
KODI-AKKISLAND_ BOROUGH
7
By
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