This is a tax on the extraction of natural resources within the Borough. (Per KIB Code 3.45.020).
Taxes are reported and assessed on a quarterly basis and paid by the harvester, or in the case of sea products, by the processor on behalf of the harvester.
The following paperwork is required of all entities participating:
The severance tax return form along with the payment should be submitted to the Borough for each calendar quarter on or before the last business day of the month following the end of the quarter. (Per KIB Code 3.45.040
All late submissions are subject to a 10% penalty, per KIB Code 3.45.090
Credit card payments are accepted and may be made at the Borough Cashier's office or online