CSSSSB 223(FIN): "An Act relating to credits against certain taxes for contributions to certain public educational radio and television networks and stations; and providing for an effective date."
00CS FOR SPONSOR SUBSTITUTE FOR SENATE BILL NO. 223(FIN) 01 "An Act relating to credits against certain taxes for contributions to certain 02 public educational radio and television networks and stations; and providing for 03 an effective date." 04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 05 * Section 1. PURPOSE. This Act extends the credits authorized by ch. 58, SLA 1987, and 06 ch. 71, SLA 1991, against each of the following state taxes for contributions made to instate 07 public educational radio and television networks and stations: 08 (1) Alaska Net Income Tax (AS 43.20); 09 (2) Oil and Gas Properties Production Tax (AS 43.55); 10 (3) Oil and Gas Exploration, Production, and Pipeline Transportation Property 11 Tax (AS 43.56); 12 (4) Mining License Tax (AS 43.65); 13 (5) Fisheries Taxes (AS 43.75). 14 * Sec. 2. AS 43.20.014(a) is amended to read:
01 (a) Subject to (d) and (e) of this section, a taxpayer is allowed as a credit 02 against the tax due under this chapter the taxpayer's contributions as follows: 03 (1) for [FOR] cash contributions accepted for direct instruction, 04 research, and educational support purposes, including library and museum acquisitions, 05 and contributions to endowment, by an Alaska university foundation or by a nonprofit, 06 public or private, Alaska two-year or four-year college accredited by a regional 07 accreditation association, 08 (A) [A TAXPAYER IS ALLOWED AS A CREDIT AGAINST 09 THE TAX DUE UNDER THIS CHAPTER (1)] 50 percent of contributions 10 of not more than $100,000; and 11 (B) [(2)] 100 percent of the next $100,000 of contributions; or 12 (2) for contributions accepted by a nonprofit, noncommercial public 13 Alaska educational radio or television network or station, 50 percent of 14 contributions of not more than $100,000. 15 * Sec. 3. AS 43.20.014 is amended by adding a new subsection to read: 16 (e) A person who claims and receives a credit 17 (1) for a contribution made under (a)(1) of this section may not claim 18 and receive a credit for any contribution made under (a)(2) of this section; 19 (2) for a contribution made under (a)(2) of this section may not claim 20 and receive a credit for any contribution made under (a)(1) of this section. 21 * Sec. 4. AS 43.55.019(a) is amended to read: 22 (a) Subject to (d) and (f) of this section, a producer of oil or gas is allowed 23 as a credit against the tax due under this chapter the producer's contributions as 24 follows: 25 (1) for [FOR] cash contributions accepted for direct instruction, 26 research, and educational support purposes, including library and museum acquisitions, 27 and contributions to endowment, by an Alaska university foundation or by a nonprofit, 28 public or private, Alaska two-year or four-year college accredited by a regional 29 accreditation association, 30 (A) [A PRODUCER OF OIL OR GAS IS ALLOWED AS A 31 CREDIT AGAINST THE TAX DUE UNDER THIS CHAPTER (1)] 50
01 percent of contributions of not more than $100,000; and 02 (B) [(2)] 100 percent of the next $100,000 of contributions; or 03 (2) for contributions accepted by a nonprofit, noncommercial public 04 Alaska educational radio or television network or station, 50 percent of 05 contributions of not more than $100,000. 06 * Sec. 5. AS 43.55.019 is amended by adding a new subsection to read: 07 (f) A person who claims and receives a credit 08 (1) for a contribution made under (a)(1) of this section may not claim 09 and receive a credit for any contribution made under (a)(2) of this section; 10 (2) for a contribution made under (a)(2) of this section may not claim 11 and receive a credit for any contribution made under (a)(1) of this section. 12 * Sec. 6. AS 43.56.018(a) is amended to read: 13 (a) Subject to (d) and (f) of this section, the owner of property taxable 14 under this chapter is allowed as a credit against the tax due under this chapter 15 the owner's contribution as follows: 16 (1) for [FOR] cash contributions accepted for direct instruction, 17 research, and educational support purposes, including library and museum acquisitions, 18 and contributions to endowment, by an Alaska university foundation or by a nonprofit, 19 public or private, Alaska two-year or four-year college accredited by a regional 20 accreditation association, 21 (A) [THE OWNER OF PROPERTY TAXABLE UNDER THIS 22 CHAPTER IS ALLOWED AS A CREDIT AGAINST THE TAX DUE 23 UNDER THIS CHAPTER (1)] 50 percent of contributions of not more than 24 $100,000; and 25 (B) [(2)] 100 percent of the next $100,000 of contributions; or 26 (2) for contributions accepted by a nonprofit, noncommercial public 27 Alaska educational radio or television network or station, 50 percent of 28 contributions of not more than $100,000. 29 * Sec. 7. AS 43.56.018 is amended by adding a new subsection to read: 30 (f) A person who claims and receives a credit 31 (1) for a contribution made under (a)(1) of this section may not claim
01 and receive a credit for any contribution made under (a)(2) of this section; 02 (2) for a contribution made under (a)(2) of this section may not claim 03 and receive a credit for any contribution made under (a)(1) of this section. 04 * Sec. 8. AS 43.65.018(a) is amended to read: 05 (a) Subject to (d) and (e) of this section, a person engaged in the business 06 of mining in the state is allowed as a credit against the tax due under this chapter 07 the contributions made by the person as follows: 08 (1) for [FOR] cash contributions accepted for direct instruction, 09 research, and educational support purposes, including library and museum acquisitions, 10 and contributions to endowment, by an Alaska university foundation or by a nonprofit, 11 public or private, Alaska two-year or four-year college accredited by a regional 12 accreditation association, 13 (A) [A PERSON ENGAGED IN THE BUSINESS OF MINING 14 IN THE STATE IS ALLOWED AS A CREDIT AGAINST THE TAX DUE 15 UNDER THIS CHAPTER (1)] 50 percent of contributions of not more than 16 $100,000; and 17 (B) [(2)] 100 percent of the next $100,000 of contributions; or 18 (2) for contributions accepted by a nonprofit, noncommercial public 19 Alaska educational radio or television network or station, 50 percent of 20 contributions of not more than $100,000. 21 * Sec. 9. AS 43.65.018 is amended by adding a new subsection to read: 22 (e) A person who claims and receives a credit 23 (1) for a contribution made under (a)(1) of this section may not claim 24 and receive a credit for any contribution made under (a)(2) of this section; 25 (2) for a contribution made under (a)(2) of this section may not claim 26 and receive a credit for any contribution made under (a)(1) of this section. 27 * Sec. 10. AS 43.75.018(a) is amended to read: 28 (a) Subject to (d) and (e) of this section, a person engaged in a fisheries 29 business is allowed as a credit against the tax due under this chapter the 30 contributions made by the person as follows: 31 (1) for [FOR] cash contributions accepted for direct instruction,
01 research, and educational support purposes, including library and museum acquisitions, 02 and contributions to endowment, by an Alaska university foundation or by a nonprofit, 03 public or private, Alaska two-year or four-year college accredited by a regional 04 accreditation association, 05 (A) [A PERSON ENGAGED IN A FISHERIES BUSINESS IS 06 ALLOWED AS A CREDIT AGAINST THE TAX DUE UNDER THIS 07 CHAPTER (1)] 50 percent of contributions of not more than $100,000; and 08 (B) [(2)] 100 percent of the next $100,000 of contributions; or 09 (2) for contributions accepted by a nonprofit, noncommercial public 10 Alaska educational radio or television network or station, 50 percent of 11 contributions of not more than $100,000. 12 * Sec. 11. AS 43.75.018 is amended by adding a new subsection to read: 13 (e) A person who claims and receives a credit 14 (1) for a contribution made under (a)(1) of this section may not claim 15 and receive a credit for any contribution made under (a)(2) of this section; 16 (2) for a contribution made under (a)(2) of this section may not claim 17 and receive a credit for any contribution made under (a)(1) of this section. 18 * Sec. 12. This Act applies to tax years beginning after December 31, 1994. 19 * Sec. 13. This Act takes effect January 1, 1995.