1987-64 Regarding a New State Raw Fish Tax Policy.KODIAK ISL AVD BOROUGH
RESOLUTION NO. 67 -5e -R
A RESOLUTION OF THE KODIAK ISLAND SOROVOH ASSEMBLY 9CGAROINC 4 N --W
STATE RAW FISH TAX POL'CY.
WHEREAS, the rarrent objective of the state raw fish tax is to
encourage onshore development with a lower rale for on -shore processors
compared to off -shore processors; and
raw f,:i
WHEREAS, the combined tax of local governments and the :tate
tax give a distinct advantage to off -share processors; and
WHEREAS, with the decline in state revenues will force Iacs'
governments to raise local revenues, including possibly increasing ta<as a„ j
onshore plants; and
WHEREAS, it is to the benefit of municipalities in the South wecl
Region to encourage on shore development or floating processor activities
within their municipal boundaries. j
NOW, THEREFORE, BE IT RESOLVED that the Kodiak Island Borough
Assembly supports a osw rax !ish, tax policy which will result in onshore
processors paying the !east amount of state lazes, 7%, followed by !loafing
processors withla ^run , pl, boundaries, 5%, f_!'.wed by processors outside
municipal boundaries, BY.; and
3E IT FURTHER 9ES0'-VED that this ta'� policy be managed to al:ow
manic; pe!ities to retain t`.e same amount (perc_ntage) they presently receive
;tate shared taxes :ar o; Is alianf within manic pal bo and a i a s, while the State
shall receive a lessor amount (percentage) for processing operations 4ithir,
municipal boundaries. This potential loss in revenues to the Slate, however,
should be recovered through the Increased revenues it will receive from higher)
tax r t as on processors that operate outside municipal boundaries.
October
0 7
PASSED AND APPROVED this 15 Gay o! � 8 '
KODIAK 'S'AND BOROUGH
r B Y t' I
B oro h Mayor j
9y
P s ding Officer
ATTEST;
B4'�r
iC G�f,
a. �1'