Sec. 43.77.050. Separate accounting.
77 words·~1 min read·
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Sec. 43.77.050. Separate accounting.
(a)[Repealed, § 28 ch 81 SLA 1996.]
(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 AS 43.77.060 . The amount of all tax credits approved by the commissioner under AS 43.77.040
(b)shall be deducted from amounts paid to municipalities under AS 43.77.060
(a)— (c).