00 SENATE BILL NO. 236 01 "An Act relating to tax credits for cash contributions by taxpayers that are accepted for 02 certain educational purposes or for a college facility; and providing for an effective 03 date." 04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 05  * Section 1. AS 21.89.070(a) is amended to read: 06 (a) A taxpayer is allowed a credit against the tax due under AS 21.09.210 or 07 AS 21.66.110 for cash contributions accepted 08 (1) for direct instruction, research, and educational support purposes, 09 including library and museum acquisitions, and contributions to endowment, by an 10 Alaska university foundation or by a nonprofit, public or private, Alaska two-year or 11 four-year college accredited by a regional accreditation association; 12 (2) for secondary school level vocational education courses and 13 programs by a school district in the state; [AND] 14 (3) by a state-operated vocational technical education and training 01 school; and  02 (4) for a facility by a nonprofit, public or private, Alaska two-year  03 or four-year college. 04  * Sec. 2. AS 21.89.070(b) is amended to read: 05 (b) The amount of the credit is [THE LESSER OF 06 (1)] an amount equal to 07 (1) [(A)] 50 percent of contributions of not more than $100,000; 08 (2) [AND (B)] 100 percent of the next $100,000 of contributions; and  09 (3) 50 percent of the amount of contributions that exceed $200,000 10 [OR 11 (2) 50 PERCENT OF THE TAXPAYER'S TAX LIABILITY UNDER 12 THIS TITLE]. 13  * Sec. 3. AS 21.89.070(d) is amended to read: 14 (d) A contribution claimed as a credit under this section may not 15 [(1)] be claimed as a credit under more than one provision of this title 16 [; AND 17 (2) WHEN COMBINED WITH CREDITS TAKEN DURING THE 18 TAXPAYER'S TAX YEAR UNDER AS 21.89.075, AS 43.20.014, AS 43.55.019, 19 AS 43.56.018, AS 43.65.018, AS 43.75.018, OR AS 43.77.045, EXCEED $150,000]. 20  * Sec. 4. AS 21.89.075(c) is amended to read: 21 (c) A contribution claimed by a taxpayer as a credit under this section may not 22 (1) be claimed as a credit under more than one provision of this title; 23 [(2) WHEN COMBINED WITH CREDITS TAKEN DURING THE 24 TAXPAYER'S TAX YEAR UNDER AS 21.89.070, AS 43.20.014, AS 43.55.019, 25 AS 43.56.018, AS 43.65.018, AS 43.75.018, OR AS 43.77.045, EXCEED $150,000;] 26 or 27 (2) [(3)] be claimed as a credit unless the contribution qualifies for the 28 credit under (d) of this section. 29  * Sec. 5. AS 43.20.014(a) is amended to read: 30 (a) A taxpayer is allowed a credit against the tax due under this chapter for 31 cash contributions accepted 01 (1) for direct instruction, research, and educational support purposes, 02 including library and museum acquisitions, and contributions to endowment, by an 03 Alaska university foundation or by a nonprofit, public or private, Alaska two-year or 04 four-year college accredited by a regional accreditation association; 05 (2) for secondary school level vocational education courses and 06 programs by a school district in the state; [AND] 07 (3) by a state-operated vocational technical education and training 08 school; and  09 (4) for a facility by a nonprofit, public or private, Alaska two-year  10 or four-year college. 11  * Sec. 6. AS 43.20.014(b) is amended to read: 12 (b) The amount of the credit is 13 (1) 50 percent of contributions of not more than $100,000; [AND] 14 (2) 100 percent of the next $100,000 of contributions; and  15 (3) 50 percent of the amount of contributions that exceed $200,000. 16  * Sec. 7. AS 43.20.014(d) is amended to read: 17 (d) A contribution claimed as a credit under this section may not 18 (1) be claimed as a credit under another provision of this title; and 19 (2) also be allowed as a deduction under 26 U.S.C. 170 against the tax 20 imposed by this chapter [; AND 21 (3) WHEN COMBINED WITH CREDITS TAKEN DURING THE 22 TAXPAYER'S TAX YEAR UNDER AS 21.89.070, 21.89.075, AS 43.55.019, 23 AS 43.56.018, AS 43.65.018, AS 43.75.018, OR AS 43.77.045, EXCEED $150,000]. 24  * Sec. 8. AS 43.55.019(a) is amended to read: 25 (a) A producer of oil or gas is allowed a credit against the tax due under this 26 chapter for cash contributions accepted 27 (1) for direct instruction, research, and educational support purposes, 28 including library and museum acquisitions, and contributions to endowment, by an 29 Alaska university foundation or by a nonprofit, public or private, Alaska two-year or 30 four-year college accredited by a regional accreditation association; 31 (2) for secondary school level vocational education courses and 01 programs by a school district in the state; [AND] 02 (3) by a state-operated vocational technical education and training 03 school; and  04 (4) for a facility by a nonprofit, public or private, Alaska two-year  05 or four-year college. 06  * Sec. 9. AS 43.55.019(b) is amended to read: 07 (b) The amount of the credit is 08 (1) 50 percent of contributions of not more than $100,000; [AND] 09 (2) 100 percent of the next $100,000 of contributions; and  10 (3) 50 percent of the amount of contributions that exceed $200,000. 11  * Sec. 10. AS 43.55.019(d) is amended to read: 12 (d) A contribution claimed as a credit under this section may not 13 [(1)] be claimed as a credit under another provision of this title [; AND 14 (2) WHEN COMBINED WITH CREDITS TAKEN DURING THE 15 TAXPAYER'S TAX YEAR UNDER AS 21.89.070, 21.89.075, AS 43.20.014, 16 AS 43.56.018, AS 43.65.018, AS 43.75.018, OR AS 43.77.045, EXCEED $150,000]. 17  * Sec. 11. AS 43.56.018(a) is amended to read: 18 (a) The owner of property taxable under this chapter is allowed a credit 19 against the tax due under this chapter for cash contributions accepted 20 (1) for direct instruction, research, and educational support purposes, 21 including library and museum acquisitions, and contributions to endowment, by an 22 Alaska university foundation or by a nonprofit, public or private, Alaska two-year or 23 four-year college accredited by a regional accreditation association; 24 (2) for secondary school level vocational education courses and 25 programs by a school district in the state; [AND] 26 (3) by a state-operated vocational technical education and training 27 school; and  28 (4) for a facility by a nonprofit, public or private, Alaska two-year  29 or four-year college. 30  * Sec. 12. AS 43.56.018(b) is amended to read: 31 (b) The amount of the credit is 01 (1) 50 percent of contributions of not more than $100,000; [AND] 02 (2) 100 percent of the next $100,000 of contributions; and  03 (3) 50 percent of the amount of contributions that exceed $200,000. 04  * Sec. 13. AS 43.56.018(d) is amended to read: 05 (d) A contribution claimed as a credit under this section may not 06 [(1)] be claimed as a credit under another provision of this title [; AND 07 (2) WHEN COMBINED WITH CREDITS TAKEN DURING THE 08 TAXPAYER'S TAX YEAR UNDER AS 21.89.070, 21.89.075, AS 43.20.014, 09 AS 43.55.019, AS 43.65.018, AS 43.75.018, OR AS 43.77.045, EXCEED $150,000]. 10  * Sec. 14. AS 43.65.018(a) is amended to read: 11 (a) A person engaged in the business of mining in the state is allowed a credit 12 against the tax due under this chapter for cash contributions accepted 13 (1) for direct instruction, research, and educational support purposes, 14 including library and museum acquisitions, and contributions to endowment, by an 15 Alaska university foundation or by a nonprofit, public or private, Alaska two-year or 16 four-year college accredited by a regional accreditation association; 17 (2) for secondary school level vocational education courses and 18 programs by a school district in the state; [AND] 19 (3) by a state-operated vocational technical education and training 20 school; and  21 (4) for a facility by a nonprofit, public or private, Alaska two-year  22 or four-year college. 23  * Sec. 15. AS 43.65.018(b) is amended to read: 24 (b) The amount of the credit is 25 (1) 50 percent of contributions of not more than $100,000; [AND] 26 (2) 100 percent of the next $100,000 of contributions; and  27 (3) 50 percent of the amount of contributions that exceed $200,000. 28  * Sec. 16. AS 43.65.018(d) is amended to read: 29 (d) A contribution claimed as a credit under this section may not 30 [(1)] be claimed as a credit under another provision of this title [; AND 31 (2) WHEN COMBINED WITH CREDITS TAKEN DURING THE 01 TAXPAYER'S TAX YEAR UNDER AS 21.89.070, 21.89.075, AS 43.20.014, 02 AS 43.55.019, AS 43.56.018, AS 43.75.018, OR AS 43.77.045, EXCEED $150,000]. 03  * Sec. 17. AS 43.75.018(a) is amended to read: 04 (a) A person engaged in a fisheries business is allowed a credit against the tax 05 due under this chapter for cash contributions accepted 06 (1) for direct instruction, research, and educational support purposes, 07 including library and museum acquisitions, and contributions to endowment, by an 08 Alaska university foundation or by a nonprofit, public or private, Alaska two-year or 09 four-year college accredited by a regional accreditation association; 10 (2) for secondary school level vocational education courses and 11 programs by a school district in the state; [AND] 12 (3) by a state-operated vocational technical education and training 13 school; and  14 (4) for a facility by a nonprofit, public or private, Alaska two-year  15 or four-year college. 16  * Sec. 18. AS 43.75.018(b) is amended to read: 17 (b) The amount of the credit is 18 (1) 50 percent of contributions of not more than $100,000; [AND] 19 (2) 100 percent of the next $100,000 of contributions; and  20 (3) 50 percent of the amount of contributions that exceed $200,000. 21  * Sec. 19. AS 43.75.018(d) is amended to read: 22 (d) A contribution claimed as a credit under this section may not 23 [(1)] be claimed as a credit under another provision of this title [; AND 24 (2) WHEN COMBINED WITH CREDITS TAKEN DURING THE 25 TAXPAYER'S TAX YEAR UNDER AS 21.89.070, 21.89.075, AS 43.20.014, 26 AS 43.55.019, AS 43.56.018, AS 43.65.018, OR AS 43.77.045, EXCEED $150,000]. 27  * Sec. 20. AS 43.77.045(a) is amended to read: 28 (a) In addition to the credit allowed under AS 43.77.040, a person engaged in 29 a floating fisheries business is allowed a credit against the tax due under this chapter 30 for cash contributions accepted 31 (1) for direct instruction, research, and educational support purposes, 01 including library and museum acquisitions, and contributions to endowment, by an 02 Alaska university foundation or by a nonprofit, public or private, Alaska two-year or 03 four-year college accredited by a regional accreditation association; 04 (2) for secondary school level vocational education courses and 05 programs by a school district in the state; [AND] 06 (3) by a state-operated vocational technical education and training 07 school; and  08 (4) for a facility by a nonprofit, public or private, Alaska two-year  09 or four-year college. 10  * Sec. 21. AS 43.77.045(b) is amended to read: 11 (b) The amount of the credit is 12 (1) 50 percent of contributions of not more than $100,000; [AND] 13 (2) 100 percent of the next $100,000 of contributions; and  14 (3) 50 percent of the amount of contributions that exceed $200,000. 15  * Sec. 22. AS 43.77.045(d) is amended to read: 16 (d) A contribution claimed as a credit under this section may not 17 [(1)] be claimed as a credit under another provision of this title [; AND 18 (2) WHEN COMBINED WITH CREDITS TAKEN DURING THE 19 TAXPAYER'S TAX YEAR UNDER AS 21.89.070, 21.89.075, AS 43.20.014, 20 AS 43.55.019, AS 43.56.018, AS 43.65.018, OR AS 43.75.018, EXCEED $150,000]. 21  * Sec. 23. This Act takes effect January 1, 2011.