CITY OF HOMER

HOMER, ALASKA

Shadle

RESOLUTION 07-26

 

A RESOLUTION OF THE CITY COUNCIL OF HOMER, ALASKA SUPPORTING HOUSE BILL 84 RELATING TO THE SHARING OF FISHERIES BUSINESS TAX WITH MUNICIPALITIES AND PROVIDING FOR AN EFFECTIVE DATE.

 

            WHEREAS, HB 84 addresses the problem of tax revenue lost by municipalities on fish that are sold to a buyer in the municipality but sent out of state unprocessed; and

 

            WHEREAS, Currently funds generated by the “Raw Fish Tax” or Fisheries Business Tax on fish processed inside the City are divided equally between the state and municipality; and

 

            WHEREAS, If the processing occurs outside of an incorporated city the 50% goes entirely to the borough and if the processing occurs in an incorporated city inside a borough, the 50% is divided between the two entities; and

 

            WHEREAS, HB 84 would direct the Fisheries Business Tax revenue on these unprocessed fisheries resources back to the incorporated port of landing; and

 

            WHEREAS, Costs of building and maintaining the infrastructure utilized in generating the tax will be more accurately covered; and

 

            WHEREAS, Returning Fisheries Business Tax revenue directly to the municipality where the landing occurred ensures that ports are compensated fairly for their efforts and the revenues they generate.  

 

            NOW THEREFORE BE IT RESOLVED, That the City of Homer supports House Bill 84 to share Fisheries Business Tax with municipalities and providing for an effective date.

 

            PASSED AND ADOPTED by the Homer City Council on this 12th day of February, 2007.

 

                                                                        CITY OF HOMER

 

                                                                                                                                                                                                                                    _____________________________

                                                                        JAMES C. HORNADAY, MAYOR

 

ATTEST:

 

_____________________________________

JO JOHNSON, CMC, CITY CLERK

 

Fiscal Note: N/A