00CS FOR SENATE BILL NO. 329(JUD)                                                                                       
01 "An Act relating to the regulation authority, exemptions, and definitions of the                                        
02 Alaska Business License Act."                                                                                           
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                               
04    * Section 1.  AS 16.10.265(d) is amended to read:                                                                  
05  (d)  The commissioner of [COMMERCE AND ECONOMIC DEVELOPMENT                                                           
06 MAY SUSPEND OR REVOKE A BUSINESS LICENSE ISSUED UNDER                                                                   
07 AS 43.70.020 AND THE COMMISSIONER OF] revenue may suspend or revoke a                                                   
08 license to engage in the business of processing or buying raw fish if the licensee or                                   
09 an officer, director, or employee in a policy-making position of the licensee has been                                  
10 convicted of three offenses under this section. Proceedings to suspend or revoke a                                      
11 license are governed by AS 44.62 (Administrative Procedure Act).                                                        
12    * Sec. 2.  AS 43.70.090 is amended to read:                                                                        
13  Sec. 43.70.090.  Regulations.  The department may adopt regulations necessary                                       
14 to  implement  [DETERMINE AND COLLECT THE FEES IMPOSED BY] this                                                       

01 chapter.                                                                                                                
02    * Sec. 3.  AS 43.70 is amended by adding a new section to read:                                                    
03  Sec. 43.70.105.  Exemptions.  This chapter does not apply to                                                        
04   (1)  a fisheries business;                                                                                           
05   (2)  the sale of liquor under a license issued under AS 04.11;                                                       
06   (3)  an insurance business;                                                                                          
07   (4)  a mining business;                                                                                              
08   (5)  sales through coin-operated amusement and gaming machines;                                                      
09   (6)  supplying services as an employee;                                                                              
10   (7)  furnishing goods or services by a person who does not represent to                                              
11 be regularly engaged in furnishing goods or services;                                                                   
12   (8)  the activities of an investment club; in this paragraph,                                                        
13   (A)  "investment club" means a group of individuals,                                                                
14 incorporated or otherwise organized, that engages primarily in investing in                                             
15 securities, that does not sell investment services to another person, and the                                           
16 primary purpose of which is educational;                                                                                
17   (B)  "security" has the meaning given in AS 45.55.990.                                                              
18    * Sec. 4.  AS 43.70.110(1) is repealed and reenacted to read:                                                      
19   (1)  "business" means engaging or offering to engage in a trade, a                                                   
20 profession, or an activity with the goal of receiving a financial benefit in exchange for                               
21 the provision of services or goods or other property;