HB 269: "An Act relating to credits against certain taxes for contributions to certain public educational radio and television networks and stations and to endowments for public educational radio and television networks; and providing for an effective date."
00HOUSE BILL NO. 269 01 "An Act relating to credits against certain taxes for contributions to certain public 02 educational radio and television networks and stations and to endowments for 03 public educational radio and television networks; and providing for an effective 04 date." 05 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 06 * Section 1. PURPOSE. This Act amends and extends the credits authorized by ch. 58, 07 SLA 1987, ch. 71, SLA 1991, and ch. 21, SLA 1994, against each of the following state taxes 08 for contributions made to instate public educational radio and television networks and stations 09 and to endowments established to benefit those public educational radio and television 10 stations: 11 (1) Alaska Net Income Tax (AS 43.20); 12 (2) Oil and Gas Properties Production Tax (AS 43.55); 13 (3) Oil and Gas Exploration, Production, and Pipeline Transportation Property 14 Tax (AS 43.56);
01 (4) Mining License Tax (AS 43.65); 02 (5) Fisheries Taxes (AS 43.75). 03 * Sec. 2. AS 43.20.014(a) is amended to read: 04 (a) Subject to (d) of this section, for [FOR] cash contributions accepted for 05 direct instruction, research, and educational support purposes, including library and 06 museum acquisitions, and contributions to endowment, by an Alaska university 07 foundation or by a nonprofit, public or private, Alaska two-year or four-year college 08 accredited by a regional accreditation association, and for contributions accepted by 09 a nonprofit, noncommercial public Alaska educational radio or television network 10 or station and contributions to endowments established to benefit those stations, 11 a taxpayer is allowed as a credit against the tax due under this chapter 12 (1) 50 percent of contributions of not more than $100,000; and 13 (2) 100 percent of the next $400,000 [$100,000] of contributions. 14 * Sec. 3. AS 43.20.014(d) is amended to read: 15 (d) In each tax year, contributions [A CONTRIBUTION] claimed as a credit 16 under this section 17 (1) may not be claimed as a credit under another provision of this title; 18 (2) may not also be allowed as a deduction under 26 U.S.C. 170 against 19 the tax imposed by this chapter; and 20 (3) may not, when combined with credits taken during the taxpayer's 21 tax year under AS 21.89.070, AS 43.55.019, AS 43.56.018, AS 43.65.018, or 22 AS 43.75.018, exceed $450,000 [$150,000]. 23 * Sec. 4. AS 43.55.019(a) is amended to read: 24 (a) Subject to (d) of this section, for [FOR] cash contributions accepted for 25 direct instruction, research, and educational support purposes, including library and 26 museum acquisitions, and contributions to endowment, by an Alaska university 27 foundation or by a nonprofit, public or private, Alaska two-year or four-year college 28 accredited by a regional accreditation association, and for contributions accepted by 29 a nonprofit, noncommercial public Alaska educational radio or television network 30 or station and contributions to endowments established to benefit those stations, 31 a producer of oil or gas is allowed as a credit against the tax due under this chapter
01 (1) 50 percent of contributions of not more than $100,000; and 02 (2) 100 percent of the next $400,000 [$100,000] of contributions. 03 * Sec. 5. AS 43.55.019(d) is amended to read: 04 (d) In each tax year, contributions [A CONTRIBUTION] claimed as a credit 05 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 taxpayer's tax year 08 under AS 21.89.070, AS 43.20.014, AS 43.56.018, AS 43.65.018, or AS 43.75.018, 09 exceed $450,000 [$150,000]. 10 * Sec. 6. AS 43.56.018(a) is amended to read: 11 (a) Subject to (d) of this section, for [FOR] cash contributions accepted for 12 direct instruction, research, and educational support purposes, including library and 13 museum acquisitions, and contributions to endowment, by an Alaska university 14 foundation or by a nonprofit, public or private, Alaska two-year or four-year college 15 accredited by a regional accreditation association, and for contributions accepted by 16 a nonprofit, noncommercial public Alaska educational radio or television network 17 or station and contributions to endowments established to benefit those stations, 18 the owner of property taxable under this chapter is allowed as a credit against the tax 19 due under this chapter 20 (1) 50 percent of contributions of not more than $100,000; and 21 (2) 100 percent of the next $400,000 [$100,000] of contributions. 22 * Sec. 7. AS 43.56.018(d) is amended to read: 23 (d) In each tax year, contributions [A CONTRIBUTION] claimed as a credit 24 under this section may not 25 (1) be claimed as a credit under another provision of this title; and 26 (2) when combined with credits taken during the taxpayer's tax year 27 under AS 21.89.070, AS 43.20.014, AS 43.55.019, AS 43.65.018, or AS 43.75.018, 28 exceed $450,000 [$150,000]. 29 * Sec. 8. AS 43.65.018(a) is amended to read: 30 (a) Subject to (d) of this section, for [FOR] cash contributions accepted for 31 direct instruction, research, and educational support purposes, including library and
01 museum acquisitions, and contributions to endowment, by an Alaska university 02 foundation or by a nonprofit, public or private, Alaska two-year or four-year college 03 accredited by a regional accreditation association, and for contributions accepted by 04 a nonprofit, noncommercial public Alaska educational radio or television network 05 or station and contributions to endowments established to benefit those stations, 06 a person engaged in the business of mining in the state is allowed as a credit against 07 the tax due under this chapter 08 (1) 50 percent of contributions of not more than $100,000; and 09 (2) 100 percent of the next $400,000 [$100,000] of contributions. 10 * Sec. 9. AS 43.65.018(d) is amended to read: 11 (d) In each tax year, contributions [A CONTRIBUTION] claimed as a credit 12 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 taxpayer's tax year 15 under AS 21.89.070, AS 43.20.014, AS 43.55.019, AS 43.56.018, or AS 43.75.018, 16 exceed $450,000 [$150,000]. 17 * Sec. 10. AS 43.75.018(a) is amended to read: 18 (a) Subject to (d) of this section, for [FOR] cash contributions accepted for 19 direct instruction, research, and educational support purposes, including library and 20 museum acquisitions, and contributions to endowment, by an Alaska university 21 foundation or by a nonprofit, public or private, Alaska two-year or four-year college 22 accredited by a regional accreditation association, and for contributions accepted by 23 a nonprofit, noncommercial public Alaska educational radio or television network 24 or station and contributions to endowments established to benefit those stations, 25 a person engaged in a fisheries business is allowed as a credit against the tax due 26 under this chapter 27 (1) 50 percent of contributions of not more than $100,000; and 28 (2) 100 percent of the next $400,000 [$100,000] of contributions. 29 * Sec. 11. AS 43.75.018(d) is amended to read: 30 (d) In each tax year, contributions [A CONTRIBUTION] claimed as a credit 31 under this section may not
01 (1) be claimed as a credit under another provision of this title; and 02 (2) when combined with credits taken during the taxpayer's tax year 03 under AS 21.89.070, AS 43.20.014, AS 43.55.019, AS 43.56.018, or AS 43.65.018, 04 exceed $450,000 [$150,000]. 05 * Sec. 12. This Act applies to tax years beginning after the December 31 that precedes the 06 effective date of this Act. 07 * Sec. 13. This Act takes effect January 1, 1996.