HomeMy WebLinkAboutRes1997-186
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[Tabled at November 24, 1997 Meeting]
Sponsored by: Clark. Orr
CITY OF SEWARD, ALASKA
RESOLUTION NO. 97-186
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD,
ALASKA, SUPPORTING CHANGES TO HOW THE ALASKA
DEPARTMENT OF REVENUE INTERPRETS THE ALASKA CORPORA-
TION NET INCOME TAX STATUTE AS IT APPLIES TO OWNERS OF
FOREIGN-FLAGGED SHIPS AND AIRCRAFT OPERATING IN ALASKA
WHEREAS, it has been brought to our attention that the Legislature will soon be asked to
review the Corporation Net Income Tax and its impact on foreign-flagged vessels and aircraft; and
WHEREAS, this legislation, as enacted, was challenged and overturned by the court;
however, the Alaska Department of Revenue has appealed the lower court ruling to the Alaska
Supreme Court; and
WHEREAS, we feel that this is a bad tax for three reasons: it will deter future private sector
investment; it will be paid largely by Alaskans, not foreign corporations; and it is anticipated that
the tax would be arbitrary and capricious by not being applied equally to all corporations;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
SEWARD, ALASKA, that:
Section 1. The Seward City Council supports the lower court decision and hopes that the
Supreme Court upholds this decision.
Section 2. The Seward City Council does not support an interpretation of the tax code which
will deter future private sector investment; will be paid largely by Alaskans, not foreign
corporations; and is anticipated that the tax would be arbitrary and capricious by not being applied
equally to all corporations.
Section 2. This resolution shall take effect immediately upon its adoption.
PASSED AND APPROVED by the City Council of the city of Seward, Alaska, this 24 day
of November, 1997.
CITY OF SEWARD, ALASKA
RESOLUTION NO. 97-186
AYES:
NOES:
ABSENT:
ABSTAIN:
ATTEST:
Patrick Reilly
City Clerk
(City Seal)
THE CITY OF SEWARD, ALASKA
Lowell R. Satin, Mayor