CSHB 269(FIN): "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 stations, increasing the amounts that may be claimed as credits against certain state taxes, and precluding claims of the contributions as both credits and deductions against the taxes; amending the manner of computing refunds to local governments of the fisheries business tax and the fishery resource landing tax; establishing credits against the fishery resource landing tax; and terminating the public educational radio and television credits authorized by this Act at the end of five years; and providing for an effective date."
00CS FOR HOUSE BILL NO. 269(FIN) 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 stations, increasing the 04 amounts that may be claimed as credits against certain state taxes, and precluding 05 claims of the contributions as both credits and deductions against the taxes; 06 amending the manner of computing refunds to local governments of the fisheries 07 business tax and the fishery resource landing tax; establishing credits against the 08 fishery resource landing tax; and terminating the public educational radio and 09 television credits authorized by this Act at the end of five years; and providing 10 for an effective date." 11 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 12 * Section 1. PURPOSE. (a) This Act extends the credits authorized by ch. 58, SLA 1987, 13 ch. 71, SLA 1991, and ch. 21, SLA 1994, against each of the following state taxes for 14 contributions made to instate public educational radio and television networks and stations and
01 to endowments established to benefit those public educational radio and television stations: 02 (1) the insurance premium tax (AS 21.09.210) and the tax on title insurance 03 premiums (AS 21.66.110); 04 (2) Alaska Net Income Tax (AS 43.20); 05 (3) Oil and Gas Properties Production Tax (AS 43.55); 06 (4) Oil and Gas Exploration, Production, and Pipeline Transportation Property 07 Tax (AS 43.56); 08 (5) Mining License Tax (AS 43.65); 09 (6) Fisheries Taxes (AS 43.75). 10 (b) This Act also authorizes 11 (1) a credit against the fisheries resource landing tax for contributions made 12 for instruction, research, and educational support purposes that are accepted by a nonprofit, 13 public or private, Alaska two-year or four-year college or university or Alaska university 14 foundation; and 15 (2) a credit against that tax for contributions made to instate public educational 16 radio and television networks and stations and to endowments established to benefit those 17 public educational radio and television stations. 18 * Sec. 2. AS 21.89.070(a) is amended to read: 19 (a) Subject to (c) of this section, 20 (1) after the effective date of this Act and through December 31, 21 2000, a [A] taxpayer is allowed as a credit against the tax due under AS 21.09.210 or 22 AS 21.66.110 the taxpayer's [FOR] cash contributions for direct instruction, research, 23 and educational support purposes, including library and museum acquisitions, and 24 contributions to endowment, that are accepted by a nonprofit, public or private, Alaska 25 two-year or four-year college or university accredited by a regional accreditation 26 association or that are accepted by an Alaska university foundation that supports a 27 university or college that could receive a contribution for which a taxpayer may obtain 28 a credit under this section, and the taxpayer's cash contributions accepted by a 29 nonprofit, noncommercial public Alaska educational radio or television network or 30 station and contributions to endowments established to benefit those networks and 31 stations. The amount of the credit is the lesser of
01 (A) [(1)] an amount equal to 02 (i) [(A)] 50 percent of contributions of not more than 03 $100,000; and 04 (ii) [(B)] 100 percent of the next $300,000 [$100,000] 05 of contributions; or 06 (B) [(2)] 50 percent of the taxpayer's tax liability under this 07 title; and 08 (2) after December 31, 2000, a taxpayer is allowed as a credit 09 against the tax due under AS 21.09.210 or AS 21.66.110 the taxpayer's cash 10 contributions for direct instruction, research, and educational support purposes, 11 including library and museum acquisitions, and contributions to endowment, that 12 are accepted by a nonprofit, public or private, Alaska two-year or four-year 13 college or university accredited by a regional accreditation association or that are 14 accepted by an Alaska university foundation that supports a university or college 15 that could receive a contribution for which a taxpayer may obtain a credit under 16 this section. The amount of the credit is the lesser of 17 (A) an amount equal to 18 (i) 50 percent of contributions of not more than 19 $100,000; and 20 (ii) 100 percent of the next $100,000 of contributions; 21 or 22 (B) 50 percent of the taxpayer's tax liability under this title. 23 * Sec. 3. AS 21.89.070(c) is amended to read: 24 (c) In each tax year, contributions [A CONTRIBUTION] claimed as a credit 25 under this section 26 (1) may not be claimed as a credit under more than one provision of 27 this title; [AND] 28 (2) may not be allowed as a deduction against a tax imposed by this 29 title or as a deduction against a tax imposed by AS 43; and 30 (3) may not, when combined with credits taken during the taxpayer's 31 tax year under AS 43.20.014, AS 43.55.019, AS 43.56.018, AS 43.65.018, [OR]
01 AS 43.75.018, or AS 43.77.045, 02 (A) through December 31, 2000, exceed $350,000; and 03 (B) after December 31, 2000, exceed $150,000. 04 * Sec. 4. AS 43.20.014(a) is amended to read: 05 (a) Subject to (d) of this section, 06 (1) after the effective date of this Act and through December 31, 07 2000, for [FOR] cash contributions accepted for direct instruction, research, and 08 educational support purposes, including library and museum acquisitions, and 09 contributions to endowment, by an Alaska university foundation or by a nonprofit, 10 public or private, Alaska two-year or four-year college accredited by a regional 11 accreditation association, and for contributions accepted by a nonprofit, 12 noncommercial public Alaska educational radio or television network or station 13 and contributions to endowments established to benefit those stations, a taxpayer 14 is allowed as a credit against the tax due under this chapter 15 (A) [(1)] 50 percent of contributions of not more than $100,000; 16 and 17 (B) [(2)] 100 percent of the next $300,000 [$100,000] of 18 contributions; and 19 (2) after December 31, 2000, for cash contributions accepted for 20 direct instruction, research, and educational support purposes, including library 21 and museum acquisitions, and contributions to endowment, by an Alaska 22 university foundation or by a nonprofit, public or private, Alaska two-year or 23 four-year college accredited by a regional accreditation association, a taxpayer is 24 allowed as a credit against the tax due under this chapter 25 (A) 50 percent of contributions of not more than $100,000; 26 and 27 (B) 100 percent of the next $100,000 of contributions. 28 * Sec. 5. AS 43.20.014(d) is amended to read: 29 (d) In each tax year, contributions [A CONTRIBUTION] claimed as a credit 30 under this section 31 (1) may not be claimed as a credit under another provision of this title;
01 (2) may not also be allowed as a deduction [UNDER 26 U.S.C. 170] 02 against the tax imposed by this chapter or as a deduction against another tax 03 imposed by this title; and 04 (3) may not, when combined with credits taken during the taxpayer's 05 tax year under AS 21.89.070, AS 43.55.019, AS 43.56.018, AS 43.65.018, [OR] 06 AS 43.75.018, or AS 43.77.045, 07 (A) through December 31, 2000, exceed $350,000; and 08 (B) after December 31, 2000, exceed $150,000. 09 * Sec. 6. AS 43.55.019(a) is amended to read: 10 (a) Subject to (d) of this section, 11 (1) after the effective date of this Act and through December 31, 12 2000, for [FOR] cash contributions accepted for direct instruction, research, and 13 educational support purposes, including library and museum acquisitions, and 14 contributions to endowment, by an Alaska university foundation or by a nonprofit, 15 public or private, Alaska two-year or four-year college accredited by a regional 16 accreditation association, and for contributions accepted by a nonprofit, 17 noncommercial public Alaska educational radio or television network or station 18 and contributions to endowments established to benefit those stations, a producer 19 of oil or gas is allowed as a credit against the tax due under this chapter 20 (A) [(1)] 50 percent of contributions of not more than $100,000; 21 and 22 (B) [(2)] 100 percent of the next $300,000 [$100,000] of 23 contributions; and 24 (2) after December 31, 2000, for cash contributions accepted for 25 direct instruction, research, and educational support purposes, including library 26 and museum acquisitions, and contributions to endowment, by an Alaska 27 university foundation or by a nonprofit, public or private, Alaska two-year or 28 four-year college accredited by a regional accreditation association, a producer 29 of oil or gas is allowed as a credit against the tax due under this chapter 30 (A) 50 percent of contributions of not more than $100,000; 31 and
01 (B) 100 percent of the next $100,000 of contributions. 02 * Sec. 7. AS 43.55.019(d) is amended to read: 03 (d) In each tax year, contributions [A CONTRIBUTION] claimed as a credit 04 under this section may not 05 (1) be claimed as a credit under another provision of this title; 06 (2) be allowed as a deduction against the tax imposed by this 07 chapter or as a deduction against another tax imposed by this title; and 08 (3) [(2)] when combined with credits taken during the taxpayer's tax 09 year under AS 21.89.070, AS 43.20.014, AS 43.56.018, AS 43.65.018, [OR] 10 AS 43.75.018, or AS 43.77.045, 11 (A) through December 31, 2000, exceed $350,000; and 12 (B) after December 31, 2000, exceed $150,000. 13 * Sec. 8. AS 43.56.018(a) is amended to read: 14 (a) Subject to (d) of this section, 15 (1) after the effective date of this Act and through December 31, 16 2000, for [FOR] cash contributions accepted for direct instruction, research, and 17 educational support purposes, including library and museum acquisitions, and 18 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, and for contributions accepted by a nonprofit, 21 noncommercial public Alaska educational radio or television network or station 22 and contributions to endowments established to benefit those stations, the owner 23 of property taxable under this chapter is allowed as a credit against the tax due under 24 this chapter 25 (A) [(1)] 50 percent of contributions of not more than $100,000; 26 and 27 (B) [(2)] 100 percent of the next $300,000 [$100,000] of 28 contributions; and 29 (2) after December 31, 2000, for cash contributions accepted for 30 direct instruction, research, and educational support purposes, including library 31 and museum acquisitions, and contributions to endowment, by an Alaska
01 university foundation or by a nonprofit, public or private, Alaska two-year or 02 four-year college accredited by a regional accreditation association, the owner of 03 property taxable under this chapter is allowed as a credit against the tax due 04 under this chapter 05 (A) 50 percent of contributions of not more than $100,000; 06 and 07 (B) 100 percent of the next $100,000 of contributions. 08 * Sec. 9. AS 43.56.018(d) is amended to read: 09 (d) In each tax year, contributions [A CONTRIBUTION] claimed as a credit 10 under this section may not 11 (1) be claimed as a credit under another provision of this title; 12 (2) be allowed as a deduction against the tax imposed by this 13 chapter or as a deduction against another tax imposed by this title; and 14 (3) [(2)] when combined with credits taken during the taxpayer's tax 15 year under AS 21.89.070, AS 43.20.014, AS 43.55.019, AS 43.65.018, [OR] 16 AS 43.75.018, or AS 43.77.045, 17 (A) through December 31, 2000, exceed $350,000; and 18 (B) after December 31, 2000, exceed $150,000. 19 * Sec. 10. AS 43.65.018(a) is amended to read: 20 (a) Subject to (d) of this section, 21 (1) after the effective date of this Act and through December 31, 22 2000, for [FOR] cash contributions accepted for direct instruction, research, and 23 educational support purposes, including library and museum acquisitions, and 24 contributions to endowment, by an Alaska university foundation or by a nonprofit, 25 public or private, Alaska two-year or four-year college accredited by a regional 26 accreditation association, and for contributions accepted by a nonprofit, 27 noncommercial public Alaska educational radio or television network or station 28 and contributions to endowments established to benefit those stations, a person 29 engaged in the business of mining in the state is allowed as a credit against the tax due 30 under this chapter 31 (A) [(1)] 50 percent of contributions of not more than $100,000;
01 and 02 (B) [(2)] 100 percent of the next $300,000 [$100,000] of 03 contributions; and 04 (2) after December 31, 2000, for cash contributions accepted for 05 direct instruction, research, and educational support purposes, including library 06 and museum acquisitions, and contributions to endowment, by an Alaska 07 university foundation or by a nonprofit, public or private, Alaska two-year or 08 four-year college accredited by a regional accreditation association, a person 09 engaged in the business of mining in the state is allowed as a credit against the 10 tax due under this chapter 11 (A) 50 percent of contributions of not more than $100,000; 12 and 13 (B) 100 percent of the next $100,000 of contributions. 14 * Sec. 11. AS 43.65.018(d) is amended to read: 15 (d) In each tax year, contributions [A CONTRIBUTION] claimed as a credit 16 under this section may not 17 (1) be claimed as a credit under another provision of this title; 18 (2) be allowed as a deduction against the tax imposed by this 19 chapter or as a deduction against another tax imposed by this title; and 20 (3) [(2)] when combined with credits taken during the taxpayer's tax 21 year under AS 21.89.070, AS 43.20.014, AS 43.55.019, AS 43.56.018, [OR] 22 AS 43.75.018, or AS 43.77.045, 23 (A) through December 31, 2000, exceed $350,000; and 24 (B) after December 31, 2000, exceed $150,000. 25 * Sec. 12. AS 43.75.018(a) is amended to read: 26 (a) Subject to (d) of this section, 27 (1) after the effective date of this Act and through December 31, 28 2000, for [FOR] cash contributions accepted for direct instruction, research, and 29 educational support purposes, including library and museum acquisitions, and 30 contributions to endowment, by an Alaska university foundation or by a nonprofit, 31 public or private, Alaska two-year or four-year college accredited by a regional
01 accreditation association, and for contributions accepted by a nonprofit, 02 noncommercial public Alaska educational radio or television network or station 03 and contributions to endowments established to benefit those stations, a person 04 engaged in a fisheries business is allowed as a credit against the tax due under this 05 chapter 06 (A) [(1)] 50 percent of contributions of not more than $100,000; 07 and 08 (B) [(2)] 100 percent of the next $300,000 [$100,000] of 09 contributions; and 10 (2) after December 31, 2000, for cash contributions accepted for 11 direct instruction, research, and educational support purposes, including library 12 and museum acquisitions, and contributions to endowment, by an Alaska 13 university foundation or by a nonprofit, public or private, Alaska two-year or 14 four-year college accredited by a regional accreditation association, a person 15 engaged in a fisheries business is allowed as a credit against the tax due under 16 this chapter 17 (A) 50 percent of contributions of not more than $100,000; 18 and 19 (B) 100 percent of the next $100,000 of contributions. 20 * Sec. 13. AS 43.75.018(d) is amended to read: 21 (d) In each tax year, contributions [A CONTRIBUTION] claimed as a credit 22 under this section may not 23 (1) be claimed as a credit under another provision of this title; 24 (2) be allowed as a deduction against the tax imposed by this 25 chapter or as a deduction against another tax imposed by this title; and 26 (3) [(2)] when combined with credits taken during the taxpayer's tax 27 year under AS 21.89.070, AS 43.20.014, AS 43.55.019, AS 43.56.018, [OR] 28 AS 43.65.018, or AS 43.77.045, 29 (A) through December 31, 2000, exceed $350,000; and 30 (B) after December 31, 2000, exceed $150,000. 31 * Sec. 14. AS 43.75.130(f) is amended to read:
01 (f) In this section, "tax revenue collected" includes one-half the amount 02 credited against taxes under AS 43.75.018. 03 * Sec. 15. AS 43.77 is amended by adding a new section to read: 04 Sec. 43.77.045. ADDITIONAL RESOURCE LANDING TAX CREDIT. (a) 05 Subject to (c) of this section, 06 (1) after the effective date of this Act and through December 31, 2000, 07 for cash contributions accepted for direct instruction, research, and educational support 08 purposes, including library and museum acquisitions, and contributions to endowment, 09 by an Alaska university foundation or by a nonprofit, public or private, Alaska 10 two-year or four-year college accredited by a regional accreditation association, and 11 for contributions accepted by a nonprofit, noncommercial public Alaska educational 12 radio or television network or station and contributions to endowments established to 13 benefit those stations, a person engaged in a fisheries business is allowed as a credit 14 against the tax due under this chapter 15 (A) 50 percent of contributions of not more than $100,000; and 16 (B) 100 percent of the next $300,000 of contributions; and 17 (2) after December 31, 2000, for cash contributions accepted for direct 18 instruction, research, and educational support purposes, including library and museum 19 acquisitions, and contributions to endowment, by an Alaska university foundation or 20 by a nonprofit, public or private, Alaska two-year or four-year college accredited by 21 a regional accreditation association, a person engaged in a fisheries business is allowed 22 as a credit against the tax due under this chapter 23 (A) 50 percent of contributions of not more than $100,000; and 24 (B) 100 percent of the next $100,000 of contributions. 25 (b) Each public college and university shall include in its annual operating 26 budget request contributions received under this section and how the contributions 27 were used. 28 (c) In each tax year, contributions claimed as a credit under this section may 29 not 30 (1) be claimed as a credit under another provision of this title; 31 (2) be allowed as a deduction against the tax imposed by this chapter
01 or as a deduction against another tax imposed by this title; and 02 (3) 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, AS 43.65.018, or 04 AS 43.75.018, 05 (A) through December 31, 2000, exceed $350,000; and 06 (B) after December 31, 2000, exceed $150,000. 07 * Sec. 16. AS 43.77.060 is amended by adding a new subsection to read: 08 (e) In (a) and (b) of this section, "tax revenue collected" includes one-half the 09 amount credited against taxes under AS 43.77.045. 10 * Sec. 17. This Act applies to tax years beginning after the December 31 that precedes the 11 effective date of this Act. 12 * Sec. 18. This Act takes effect January 1, 1996.