Provides for an exemption from fees associated with the Fishermen's Gear Compensation Fund. (7/1/14)
Impact
If enacted, SB 202 would amend existing legislation to ensure that political subdivisions, such as local government entities involved in coastal management, are not subject to the $300 fee. This change is expected to encourage these local entities to participate more actively in preserving the fishing industry without the constraints posed by the fee. The bill aims to strike a balance between protecting fishermen's interests and recognizing the role of local governance in managing coastal resources. Overall, it reflects an effort to enhance support for the commercial fishing community while easing the financial requirements placed on local authorities.
Summary
Senate Bill 202, sponsored by Senator Allain, aims to provide an exemption from the fees associated with the Fishermen's Gear Compensation Fund. This fund was established to compensate commercial fishermen for gear damage caused by underwater obstructions. Under current law, a fee of $300 is levied on each lessee of a state mineral lease and each grantee of a state right of way located within the coastal zone boundary. The proposed bill seeks to exempt political subdivisions from this fee, thereby alleviating some financial burdens on local governments involved in fishing operations.
Sentiment
The sentiment surrounding the bill appears to be favorable, primarily among local government advocates and the commercial fishing industry stakeholders who would benefit from the fee exemption. By relieving political subdivisions of this financial obligation, supporters argue that it would promote better management of coastal resources and bolster local fishing economies. However, some concerns could also arise regarding the sustainability of funding for the Fishermen's Gear Compensation Fund, which relies on fees from various entities. As such, while the bill is generally seen positively, the implications for funding mechanisms are worth noting.
Contention
Notable points of contention around SB 202 may arise from the need for balance between revenue generation for the Fishermen's Gear Compensation Fund and the economic support of local governments and the fishing industry. Critics might argue that exempting political subdivisions from the fee could lead to reduced financial resources for the fund, potentially jeopardizing the compensation mechanism designed to aid local fishermen impacted by gear damage. The ongoing dialogue regarding how to adequately fund and sustain such compensation programs while supporting local governance encapsulates the primary contention surrounding this bill.
Provides for the extent of applicability of various exclusions and exemptions from state sales and use tax (Item #36) (EG +$789,900,000 GF RV See Note)