AS 43.20.149: Highly digitized businesses tax revenue. [See conditional effective date note].

The tax amounts collected from a highly digitized business under AS 43.20 shall be separately accounted for and may be appropriated to the Department of Education and Early Development. The Department of Education and Early Development shall use funds appropriated under this section to fund reading proficiency incentive grants awarded under AS 14.30.773. If the amount appropriated to the Department of Education and Early Development exceeds the amount necessary to award grants under AS 14.30.773 for the fiscal year, the department shall use the remaining balance of the appropriation to fund secondary school vocational and technical instruction. The department shall distribute the secondary school vocational and technical instruction funding to secondary schools on a pro rata basis.