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(b) The tax collected under this chapter shall be paid into a separate account in the general fund. The annual balance in the account may be appropriated by the legislature for revenue sharing under Alaska Stat. § 43.77.060. The amount of all tax credits approved by the commissioner under Alaska Stat. § 43.77.040(b) shall be deducted from amounts paid to municipalities under Alaska Stat. § 43.77.060(a) – (c).
