SB 110 — An Act establishing the Travel Alaska Board; relating to a tourism marketing assessment; and establishing a tourism marketing fund.

16 Article 4.

2417 Sec.

45.90.011.44.25.200.

The Travel Alaska Board 2518 is established withinin the Departmentdepartment. of Commerce, Community, and Economic 26 Development.

Exercise by the board of the powers conferred underby this19 chapterAS 44.25.200 - 44.25.300 is an 27 essential governmental function of the state.

2820 Sec.

45.90.021.44.25.205.

(a) The board consists of between 21 and 25 2921 voting board members electedappointed by representativesthe ofgovernor. assessed tourism businesses.

30The Boardboard membersmust shallhave representan tourismodd sectors,22 businessnumber sizes, and regions in the state 31 listed in AS 44.33.136(b)(1), and at least a majority of themembers. board shall be representatives of assessed businesses.

In23 an(b) electionThe togovernor electshall boardfill members,a thevacancy 02in votesthe byvoting representativesmembership of assessedthe businessesboard shall24 befrom weighteda bylist the estimated 03 amount of thenominees assessmentsubmitted eachby assessed business would pay in the subsequentboard. 04 calendar year.

The candidategovernor whomay receivesreject thea greatestlist numberor a 25 portion of weighteda voteslist issubmitted 05under elected.this subsection and request that the board submit 26 another list.

06A (b)list Allsubmitted votingto membersthe ofgovernor by the board under this subsection for a 27 vacancy 28 (1) caused by the expiration of a term shall be memberscomposed of the leading29 statewidenominees 07that nonprofitreceived the highest percentages of votes in an election of assessed 30 tourism marketingbusinesses, association.based on weighted votes, as described in AS 44.25.275;

0831 (c)(2) Innot additioncaused toby the votingexpiration members of thea board,term theshall boardbe maycomposed includeof 09nominees additionalapproved exby officio,the nonvotingboard; members.

Aa nonvotingnominee memberapproved needby the board under this 02 paragraph is not berequired ato memberhave 10previously ofbeen athe leadingsubject statewideof nonprofitan tourismelection marketingunder association.03 AS 44.25.275.

1104 (d)(c) TheBoard board members shall annuallyrepresent electtourism asegments, chairbusiness sizes, and vice-chair05 fromregions amongin 12 the board'sstate members.listed in AS 44.33.136(b)(1).

13A Sec.voting member of the board shall 06 be both a representative of an assessed business and a member of the leading statewide 07 nonprofit tourism marketing association.

45.90.031.Notwithstanding AS 39.05.100, a board 08 member is not required to be a registered voter or a resident of the state.

09 (d) In addition to the voting members of the board, the board may elect ex 10 officio nonvoting members.

A nonvoting member need not be a member of the leading 11 statewide nonprofit tourism marketing association and may not be counted for the 12 purposes of establishing a quorum, taking an action, or adopting a motion or resolution 13 under AS 44.25.220.

14 (e) The board members shall annually elect a chair and vice-chair from among 15 the board's voting members.

16 Sec.

44.25.210.

Board members appointed under 17 AS 44.25.205(a) serve staggered three-year 14 terms and may be reelected.reappointed.

An 18 individual electedappointed by the board to fill a vacancy shall 15 hold office for the balance of the term for 19 which the board member's predecessor on 16 the board was elected.appointed.

1720 Sec.

45.90.041.44.25.215.

RemovalRemoval. and vacancies.

Board members may be removed 18 from the board by a21 majority vote of the boardgovernor following a hearing for abusecause. of office 19 or moral turpitude.

AThe vacancyboard onmay thesuggest boardto occurringthe othergovernor thanthe byremoval expiration of term 20 shall be filled by a majority vote of the remaining board members,22 butmember. only for the 21 unexpired term.

2223 Sec.

45.90.051.44.25.220.

(a) A majority of the boardvoting members plusof onethe board 2324 memberconstitutes constitute a quorum for the transaction of business and the exercise of the 24 powers and 25 duties of the board.

25The Sec.board may approve an election for the levy, amendment, or 26 termination of an assessment only by an affirmative vote of a majority of the full 27 voting membership of the board.

45.90.061.All other actions may be taken and motions and 28 resolutions may be adopted upon an affirmative vote of a majority of the voting 29 members present.

30 (b) The board may meet and transact business by electronic media.

Actions 31 taken at a meeting held by electronic media under this subsection have the same legal effect as actions taken at a meeting held in person.

02 Sec.

44.25.225.

Board members receive 2603 no salary and are not entitled to per diem or travel expenses.

2704 Sec.

45.90.071.44.25.230.

A 2805 meeting of the board shall occur at the call of the chair or upon the written request of 2906 five members of the board.

3007 Sec.

45.90.081.44.25.235.

Administration ofand board.regulations.

(a) The board may request 3108 administrative support from the leading statewide nonprofit tourism marketing 09 association.

The board shall work with the leading statewide nonprofit tourism 0210 marketing association to accomplish the purposes of thisAS chapter.44.25.200 - 44.25.300.

0311 Sec.(b) The board shall adopt definitions for "tourism industry," "tourism 12 segment," and "tourism business" and provide them to the department.

45.90.091.The department 13 shall adopt definitions for "tourism industry," "tourism segment," and "tourism 14 business" for the purposes of administering the tax under AS 44.25.200 - 44.25.300 15 after receiving the definitions adopted by the board under this section.

The department 16 may, for the purpose of adopting regulations defining "tourism industry," "tourism 17 segment," and "tourism business," accept the board's definitions or reject the board's 18 definitions and request alternate definitions from the board.

19 Sec.

44.25.240.

In carrying out the powers of the board, 0420 the board may 0521 (1) prescribe, adopt, amend, and repeal policies related to the board;

0622 (2) cooperate with a public or private board, organization, or agency 0723 engaged in work or activities similar to the work or activities of the board for 0824 destination marketing programs, including market research;

0925 (3) establish offices in the state and otherwise incur expenses 1026 incidental to the performance of its duties;

1127 (4) appear on behalf of the board before boards, commissions, 1228 departments, or other agencies of municipal, state, or federal government;

1329 (5) acquire, hold, lease, sell, or otherwise dispose of property, but the 1430 property is limited to that which is necessary to the administrative functioning of the 1531 board;

16 (6) approve the expenditure of, and enter into agreements related to,to 17 the expenditure of 02 funds appropriated by the legislature to the board;

1803 (7) adjustdesignate theor numberremove ofex boardofficio, nonvoting members beforeof an upcoming election 19 within the rangeboard. specified in AS 45.90.021(a);

2004 (8)Sec. designate or remove ex officio, nonvoting members of the board.

2144.25.245. Sec.

45.90.101.

The board shall 2205 (1) conduct programs of destination marketing, research, advertising, 2306 or sales promotion designed to retain and expand the tourism industry in the state;

2407 (2) promote all assessed segments of the tourism businesses;industry;

2508 (3) prepare market research and marketing plans for the promotion of 2609 assessed segments of the tourism businesses;industry;

2710 (4) consider the return on investment for all nonadministrative 2811 expenditures of assessment funds;

2912 (5) submit an annual report to the governor, assessed tourism 3013 businesses, and the senate secretary and chief clerk of the house of representatives on 3114 or before the first day of each regular session of the legislature and notify the 15 legislature that the report is available;

the report must 0216 (A) describe the activities of the board;

0317 (B) summarize the income and expenses of the board;

0418 (C) provide the balance of the Alaska tourism marketing fund 0519 established under AS 45.90.181;44.25.295;

and 0620 (D) summarize and report on the tourism marketing plan;

0721 (6) annually prepare a written marketing plan;

the plan must promote 0822 travel and tourism in the state and must include 0923 (A) an evaluation of the previous year's budget and activities;

1024 (B) a review of state tourism trends, conditions, and 1125 opportunities;

1226 (C) an identification of target audiences for tourism marketing 1327 expenditures;

1428 (D) marketing strategies, objectives, and targets;

1529 (E) the current assessment rate applicable to assessed tourism 1630 businesses;segments;

and 1731 (F) the budget for the current year;

18 (7) promote travel and tourism to increase the number of persons 1902 traveling to and within the state;

and 2003 (8) considerdetermine the returnsegments onof investmentthe fortourism allindustry nonadministrativethat 21provide expenditures.similar 04 goods and services to travelers;

22a Sec.business segment must be defined with sufficient 05 clarity to allow for the cost-effective identification of tourism businesses within that 06 business segment.

45.90.111.07 Sec.

44.25.250.

An expenditure of the board 2308 (1) must be consistent with the marketing plan describedprepared inunder 2409 AS 45.90.101(6);44.25.245(6);

and 2510 (2) may not be spent on capital or infrastructure improvement projects;

2611 for purposes of this paragraph, capital or infrastructure improvement projects do not 2712 include information technology improvements, website development and maintenance, 2813 or office equipment.

2914 Sec.

45.90.121.44.25.255.

Levy or amendment of the Alaska tourism marketing 15 assessment.

(a) An election under 30 AS 45.90.14144.25.270 shall be held if the proposed election 16 for levying or amending the levyingrate of an assessment 31 under (c)(1),(c) (2), (3), (4), (5), or (6) of this section is approved 17 by a majority of the wholeboard. membership of the board at a regularly scheduled meeting.

0218 (b) An assessment shall be levied on the assessed gross revenue of thea salestourism ofbusiness 0319 that is related to an assessed tourism business segment at a rate provided under (c)(1),(c) (2), (3), (4), (5), or (6) of 04 this 20 section if an election is held under AS 45.90.14144.25.270 at which anthe assessment rate 05 under (c)(1),(c) (2), (3), (4), (5), or (6) of this 21 section is approvedapproved, byas tourismdetermined businessesunder 06AS who44.25.275. together constitute more than 50 percent of the total estimated assessed gross 07 revenue of all assessed tourism businesses that voted in the election during the 08 calendar year.

09Each (c)business Ansegment assessment under this section may require22 anbe assessed tourismat businessa 10different torate. pay an assessment of 11 (1) 0.5 percent of the total assessed gross revenue of the assessed 12 tourism businesses;

13Only (2)those onerates percentstated in (c) of thethis totalsection assessedmay grossbe revenue23 ofconsidered thefor assessedan 14assessment on a segment of the tourism businesses;industry.

1524 (3)(c) 1.25An percentassessment under this section may require a tourism business engaging 25 in a segment of the totaltourism assessedindustry grossto revenuepay an assessment of 26 (1) zero percent of the assessedgross 16revenue tourismrelated businesses;to the assessed segment;

1727 (4)(2) 1.50.25 percent of the total assessed gross revenue ofrelated to the assessed 18segment; tourism businesses;

1928 (5)(3) 1.750.5 percent of the total assessed gross revenue ofrelated to the assessed 20segment; tourism businesses;

2129 (6)(4) two0.75 percent of the total assessed gross revenue ofrelated to the assessed 22segment; tourism businesses.

2330 (d)(5) Anone assessedpercent tourismof businessthe shallgross payrevenue related to the assessment.assessed segment;

Each31 assessed(6) 241.25 tourismpercent business may pass the cost of the assessmentgross onrevenue related to its customers at the timeassessed asegment; 25 transaction is consummated.

If(7) the1.5 costpercent isof passedthe ongross torevenue arelated customer,to the assessed 26segment; tourism business shall disclose the amount in advance and separately state the amount 27 from the amount charged and any other applicable taxes, and shall give each customer 28 a receipt of payment.

The02 assessment(8) shall1.75 bepercent disclosedof as the "Alaskagross tourismrevenue 29related marketingto assessment." The assessment is imposed solely on, and is the sole 30 obligation of, the assessed tourismsegment; business, even if it is passed on to customers.

The03 31(9) assessmenttwo maypercent notof bethe consideredgross revenue forrelated anyto purpose,the includingassessed calculationsegment. of taxes.

0204 (e)(d) The board shall determineadvertise thean businesselection segmentsheld for the purpose of alevying categoryor that05 03amending providesan similarassessment goodsunder andAS services44.25.270 toand, touristsbefore thatan willelection beis includedheld inunder the06 electionAS 0444.25.270, undershall (b)schedule ofpublic thismeetings section.for potential assessed tourism 07 businesses to provide input to the board.

To08 beSec. assessed, a business segment must be defined with 05 sufficient clarity to allow for the cost-effective identification of assessed tourism 06 businesses within that business segment.

0744.25.260. (f) The board shall widely advertise an election held under (b) of this section 08 and, before an election is held under (b) of this section, shall schedule public meetings 09 for potential assessed tourism businesses to provide input to the board.

10Collection (g) Before the term of anand assessmentinformation isrelated terminatedto underthe ASAlaska 45.90.131(a)(1),tourism 1109 anmarketing electionassessment. must be held under (b) of this section for the assessment to continue.

12(a) (h) A return or other information furnished to the board or the Department of 13 Revenue by an assessed tourism business undershall thispay chapter is confidential and may 14 not be disclosed except 15 (1) by a person during the performanceassessment oflevied anunder official10 dutyAS under44.25.200 this- 1644.25.300. chapter;

17Each (2)assessed tourism business may pass the cost of the 11 assessment on to complyits withcustomers at the time a courttransaction order;is consummated.

18If (3)the cost is 12 passed on to a customer, the assessed tourism business shall disclose the amount in 13 advance and separately state the courseamount offrom athe proceeding,amount hearing,charged orand litigationany involvingother an14 19applicable assessment;taxes, and shall give each customer a receipt of payment.

orThe 20assessment (4)15 uponshall writtenbe consentdisclosed ofas the "Alaska tourism marketing assessment." The assessment is 16 imposed solely on, and is the sole obligation of, the assessed tourism business.business, even if 17 it is passed on to customers.

21The (i) Information obtained by the board or the Department of Revenue to 22 determine the assessment formay an assessed tourism business is not abe publicconsidered recordrevenue for 23any purposes18 ofpurpose, ASincluding 40.25.100calculation -of 40.25.130.taxes.

2419 (j)(b) TheA Departmentreturn ofor Revenueother mayinformation requirefurnished to the board or the department by 20 an assessed tourism business tounder 25AS (1)44.25.200 maintain- books44.25.300 is confidential and recordsmay that21 verifynot thebe grossdisclosed revenueexcept of22 the(1) 26by businessa forperson purposesduring the performance of thean assessment;official duty under 23 AS 44.25.200 - 44.25.300;

2724 (2) furnishto anycomply requestedwith information;a court order;

and25 28 (3) permitin the inspectioncourse by the Department of Revenuea ofproceeding, portionsa ofhearing, 29 books and records that relate to the gross revenue of the business or thelitigation amountinvolving ofan the26 30assessment; assessment.

31or Sec.27 (4) upon written consent of the assessed tourism business.

45.90.131.28 (c) Information obtained by the board or the department to determine the 29 assessment for an assessed tourism business is not a public record for purposes of 30 AS 40.25.100 - 40.25.130.

31 (d) The department may require an assessed tourism business to (1) maintain books and records that verify the gross revenue of the 02 business for purposes of the assessment;

03 (2) furnish any requested information;

and 04 (3) permit the inspection by the department of portions of books and 05 records that relate to the gross revenue of the business or the amount of the 06 assessment.

07 Sec.

44.25.265.

08 (a) An assessment shall be terminated on the earlier of 0209 (1) six years after the date of the first assessment;

or 0310 (2) the effective date stated on a ballot approved under the procedures 0411 described in AS 45.90.14144.25.270 in which the termination is approvedapproved, byas assesseddetermined tourismunder 0512 businessesAS who44.25.275. together constitute more than 50 percent of the total assessed gross 06 revenue of all assessed tourism businesses that voted in the election during the 07 calendar year.

0813 (b) An election under (a)(2)AS 44.25.270 for the termination of thisan sectionassessment shall 14 be held if the proposed 09 election for the termination of the assessment is approved by a15 majority of the wholeboard. 10 membership of the board at a regularly scheduled meeting.

The16 boardSec. shall provide 11 notice of an election in accordance with AS 45.90.141 within 60 days after the board 12 approves termination of the assessment.

1344.25.270. Sec.

45.90.141.Election procedures.

Procedures(a) forThe board may conduct an election to17 approveunder orthis terminatesection after the 14director Alaskaof tourismelections marketingapproves assessment.the 18 (1) notice to be published by the board;

(a)19 The(2) boardballot may conduct an election under 15 this section after the director of elections approves 16 (1) the notice to be publishedused byin the board;election;

17and (2)20 the(3) ballotregistration toand bevoting usedprocedures. in the election;

and21 18(b) (3)In theconducting registrationan andelection votingunder proceduresthis forsection, the approvalboard orshall 1922 (1) adopt a proposed levy, amendment, or termination of an assessment 23 on a business segment at a meeting of the assessment.board held not less than 60 days before the 24 date on which the ballots must be postmarked to be counted;

2025 (b)(2) Inhold conductingat anleast electionone undermeeting thisnot section,less thethan board30 anddays before the directordate ofon 2126 electionswhich shallballots 22must (1)be proposepostmarked andto adoptbe acounted levyto orexplain terminationthe ofreason anfor assessmentthe atproposed a27 23levy, regularlyamendment, scheduledor meetingtermination of the boardassessment heldand notto lessexplain than 60 days before the datevoting onprocedure 2428 whichto the ballots must be postmarkedused toin bethe counted;election;

25 (2) hold at least one meeting not less than 30 days before the date on 26 which ballots must be postmarked to be counted to explain the reason for the proposed 27 levy or termination of the assessment and to explain the voting procedure to be used in 28 the election;

(3) mail ballots to each assessed tourism business in the applicable business 02 segment not more than 45 02 days before the date specified as the date ballots must be 03 postmarked;

the ballot must 0304 (A) state that an assessment is to be levied;levied, amended, or 05 terminated, as applicable;

0406 (B) state the assessment rate forto eachbe categorylevied, ofamended, assessed 05 tourism businesses that provides similar goods or services07 toterminated, touristsas orapplicable, eachfor 06the segmentbusiness withinsegment; a category;

0708 (C) state that theeach ballotvote will be tabulatedweighted accordingin proportion to the 0809 estimatedprojected amountassessment each assessedvoting tourism business willis estimated to pay infor annualthe 0910 assessments;following calendar year;

1011 (D) state the effective date of the levylevy, ofamendment, the assessment or 1112 termination of the assessment;

1213 (E) ask whether the assessment shall be leviedlevied, or,amended, ifor the14 13terminated, electionas isapplicable; to terminate the assessment, whether the assessment shall be 14 terminated;

17 (c) The director of elections shall certify the results of an election under this 18 section if the director determines that the requirements of (a) and (b) of this section 19 and AS 44.25.275 have been satisfied.

20 (d) For purposes of this section, a ballot submitted by a corporationtourism business is 21 presumed valid if the ballot is signed by an individual who is indicated to be an officer 22 of the corporationtourism business or an authorized representative.

45.90.151.44.25.275.

DeterminationWeighted ofvotes. value.

(a)For Upona requestlevy, amendment, or termination of an 24 assessment to be approved under AS 44.25.270, or for the directorselection of 24board elections,nominees 25 to fill a vacancy caused by the commissionerexpiration of revenuea shallterm determineto 25be (1)submitted to the totalgovernor value26 ofunder assessedAS gross44.25.205(b), revenuethe ofaction anmust assessedbe approved by tourism 26businesses businessthat, duringin any27 calendartotal, year;represent at least 50 percent of the weighted votes received.

orVotes 27shall (2)be whether28 theweighted assessedin tourismproportion businessesto approving the levy or 28 termination of the assessment togetherthat constituteeach morevoting thantourism 50business percentis of the total 29 assessedestimated grossto revenuepay offor allthe assessedcalendar tourismyear businessesimmediately thatfollowing voted in the electionelection, as 30 duringdetermined theunder calendarAS year.44.25.260.

In a vote related to an assessment on a business 31 (b)segment Thefor totalwhich assessedan grossassessment revenueis ofcurrently alllevied, assessedonly the votes of tourism businesses inthat apay calendaran yearassessment isat the sumtime of the totalelection assessedshall grossbe salescounted, of02 assessedweighted tourismas 02described businesses.in this section.

45.90.161.44.25.280.

CollectionDetermination of assessmentsvalue. and disposition of proceeds.

EachUpon 04request assessedof tourismthe businessdirector shallof remit04 toelections, the Departmentcommissioner of Revenuerevenue withinshall 30determine daysthe 05estimated afterassessment thefor end05 of each calendarassessed quartertourism thebusiness totalfor amountany ofcalendar theyear, assessmentincluding oweda onfuture thecalendar year 06 valuefor purposes of assessedweighting grossvotes revenueunder inAS the44.25.275. previous calendar quarter.

The Department of 07 RevenueSec. shall inform the board within 60 days after the end of each calendar quarter 08 of the total amount of assessment collections as of the 30 days following the preceding 09 calendar quarter available to be apportioned by the board.

An44.25.285. assessed tourism 10 business that fails to remit an assessment is subject to penalties as provided in 11 AS 43.05 and AS 43.10.

12Remitting Sec.assessments.

45.90.171.Each assessed tourism business shall 08 remit to the department within 30 days after the end of each calendar quarter the total 09 amount of the assessment owed on the value of assessed gross revenue in the previous 10 calendar quarter.

EnforcementThe department shall inform the board within 60 days after the end 11 of assessments.each calendar quarter of the total amount of assessment collections as of the 30 days 12 following the preceding calendar quarter available to be apportioned by the board.

TheAn provisions13 ofassessed AStourism 43.05business andthat 13fails ASto 43.10remit applyan toassessment theis enforcementsubject andto collectionpenalties ofas the14 Alaskaprovided tourismin marketingAS 1443.05 assessment.and AS 43.10.

45.90.181.44.25.290.

Enforcement of assessments.

The provisions of AS 43.05 and 16 AS 43.10 apply to the enforcement and collection of the Alaska tourism marketing 17 assessment.

18 Sec.

44.25.295.

(a) 1619 The Alaska tourism marketing fund is established in the general fund.

The fund 1720 consists of money appropriated to the fund.

The legislature may appropriate from the 1821 fund for purposes consistent with thisAS chapter.44.25.200 - 44.25.300.

1922 (b) The legislature may appropriate the proceeds of the assessment to the 2023 Alaska tourism marketing fund.

2124 (c) Nothing in this section creates a dedicated fund.

2225 Sec.

45.90.201.44.25.300.

In thisAS chapter,44.25.200 23- (1)44.25.300, "assessed26 tourism(1) business""assessment" means aan tourismassessment businesslevied assessedunder 24AS under44.25.200 this- chapter;27 44.25.300;

2528 (2) "assessment""board" means anthe assessmentTravel leviedAlaska underBoard; AS 45.90.121;

2629 (3) "board""business segment" means thea Travelbusiness Alaskasegment Board;determined under 30 AS 44.25.245(8);

2731 (4) "tourism"department" business" means athe businessDepartment thatof providesRevenue; goods or 28 services, including information, accommodation, transportation, or entertainment, to a 29 tourist;

30 (5) "tourist""traveler" means a person who travels for business, recreation, or 3102 pleasure.

03 * Sec.

4.6.

The uncodified law of the State of Alaska is amended by adding a new section to 0204 read:

0305 TRANSITION.

(a) Notwithstanding AS 45.90.01144.25.200 - 45.90.111,44.25.300, added by sec.

35 of this 0406 Act, the board of directors of the leading statewide nonprofit tourism marketing association 0507 shall act as a transition committee.board.

The transition committeeboard shall prepareestablish anprocedures initialfor writtenelections 06and marketing08 planpropose to bethe votedgovernor on at an initial election, establish procedures for elections, 07 determine the initial number of members on the Travel Alaska Board,Board. and designate ex officio 08 members of the board.

The initial09 transition board members shall behold votedan onelection atin compliance with the initialrequirements electionin andAS 0944.25.205, shall10 take44.25.270, officeand immediately.44.25.275, added by sec.

The5 transitionof committeethis existsAct, onlyfor until the electionpurpose of determining 11 nominees for the 10Travel boardAlaska members.Board and for proposing assessment rates that comply with 12 AS 44.25.255, added by sec.

5 of this Act, to the Travel Alaska Board after the board is 13 established.

Following the election, the transition board shall provide the governor a list of 14 nominees for the Travel Alaska Board and, after the Travel Alaska Board is established, 15 submit to the Travel Alaska Board the proposed assessment rates approved in the election.

16 The transition board exists only until it submits the proposed assessment rates to the Travel 17 Alaska Board.

18 (b) The governor shall appoint the initial members of the Travel Alaska Board from a 19 list provided under (a) of this section.

The governor may reject all or a portion of a list 20 provided under (a) of this section and request another list.

21 (c) Notwithstanding AS 44.25.255, added by sec.

5 of this Act, the Travel Alaska 22 Board may ratify an assessment or assessments proposed by the transition board without an 23 election.

If the Travel Alaska Board ratifies the assessment, it shall be imposed as if it had 24 been approved in accordance with AS 44.25.255.

25 (d) In this section, "assessment" has the meaning given in AS 44.25.300, added by 26 sec.

5 of this Act.