(a) Except as provided in (d) of this section, the commissioner shall pay

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Terms Used In Alaska Statutes 43.75.130

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • municipality: means a political subdivision incorporated under the laws of the state that is a home rule or general law city, a home rule or general law borough, or a unified municipality. See Alaska Statutes 01.10.060
  • person: includes a corporation, company, partnership, firm, association, organization, business trust, or society, as well as a natural person. See Alaska Statutes 01.10.060
(1) to each unified municipality and to each city located in the unorganized borough, 50 percent of the amount of tax revenue collected in the municipality from taxes levied under this chapter;
(2) to each city located within a borough, 25 percent of the amount of tax revenue collected in the city from taxes levied under this chapter; and
(3) to each borough

(A) 50 percent of the amount of tax revenue collected in the area of the borough outside cities from taxes levied under this chapter; and
(B) 25 percent of the amount of tax revenue collected in cities located within the borough from taxes levied under this chapter.
(b) [Repealed by 2014 amendment.]
(c)[Repealed, Sec. 7 ch 79 SLA 1986].
(d) Notwithstanding the provisions of (a)(2) and (a)(3)(B) of this section, the commissioner shall pay

(1) to each city that is located in a borough incorporated after June 16, 1987 the following percentages of the tax revenue collected in the city from taxes levied under this chapter:

(A) 45 percent of the taxes collected during the calendar year in which the borough is incorporated;
(B) 40 percent of the taxes collected during the first calendar year after the calendar year in which the borough is incorporated;
(C) 35 percent of the taxes collected during the second calendar year after the calendar year in which the borough is incorporated; and
(D) 30 percent of the taxes collected during the third calendar year after the calendar year in which the borough is incorporated; and
(2) to each borough that is incorporated after June 16, 1987 the following percentages of the tax revenue collected in the cities located within the borough from taxes levied under this chapter:

(A) 5 percent of the taxes collected during the calendar year in which the borough is incorporated;
(B) 10 percent of the taxes collected during the first calendar year after the calendar year in which the borough is incorporated;
(C) 15 percent of the taxes collected during the second calendar year after the calendar year in which the borough is incorporated; and
(D) 20 percent of the taxes collected during the third calendar year after the calendar year in which the borough is incorporated.
(e) Notwithstanding the provisions of (d) of this section, a city may adopt an ordinance to transfer a portion of the funds received under (d)(1) of this section to the borough in which the city is located.
(f) For purposes of this section, tax revenue collected under Alaska Stat. § 43.75.015 from a person entitled to a credit under Alaska Stat. § 43.75.035 shall be calculated as if the person’s tax were collected without applying the credit; tax revenue collected does not include the amount of a tax credit recaptured under Alaska Stat. § 43.75.035 (g).
(g) In this section, “tax revenue collected” includes the amount credited against taxes under Alaska Stat. § 43.75.018.
(h) For purposes of this section, tax revenue collected under Alaska Stat. § 43.75.015 from a person entitled to a credit under Alaska Stat. § 43.75.037 is calculated as if the person’s tax were collected without applying the credit. Tax revenue collected does not include the amount of a tax credit recaptured under Alaska Stat. § 43.75.037(g).
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