(a) The seafood development tax levied under Alaska Stat. § 43.76.350, 43.76.355, 43.76.360, or 43.76.365 may be terminated by the commissioner of revenue upon majority vote of eligible permit holders who vote in an election held under Alaska Stat. § 43.76.370 in which at least 30 percent of the eligible permit holders cast a ballot. The seafood development tax may be terminated in one or more fisheries within a seafood development region under this section.
Ask a legal question, get an answer ASAP! Click here to chat with a lawyer about your rights.
(b) The commissioner of revenue shall terminate a seafood development tax under (a) of this section following an election conducted by the qualified seafood development association for the seafood development region if
(1) a petition is presented to the commissioner of commerce, community, and economic development requesting termination of the seafood development tax in a fishery that is signed by at least 10 percent of the number of persons who are eligible to vote in an election under Alaska Stat. § 43.76.370 to approve the levy of the seafood development tax in the fishery;(2) an election is held in accordance with Alaska Stat. § 43.76.370; the ballot must ask the question whether the seafood development tax for the fishery shall be terminated; the ballot must be worded so that a “yes” vote is for continuation of the seafood development tax and a “no” vote is for termination of the seafood development tax;(3) a majority of the votes cast in the election by eligible interim-use permit and entry permit holders are for the termination of the seafood development tax;(4) at least 30 percent of the permit holders who are eligible to vote in the election cast a ballot in the election; and(5) the qualified regional seafood development association for the fishery provides notice of the election in accordance with Alaska Stat. § 43.76.370 within two months after receiving notice from the commissioner of commerce, community, and economic development that a valid petition under (1) of this subsection has been received.
