00                      CS FOR HOUSE BILL NO. 350(L&C)                                                                    
01 "An Act providing for an amount to be deducted and retained for collecting and                                          
02 submitting the vehicle rental tax."                                                                                     
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
04    * Section 1. AS 43.52.050 is amended by adding a new subsection to read:                                           
05            (c)  A person required to collect and pay the tax to the department under (a) of                             
06       this section that pays the tax to the department at the time required under (a)(2) of this                        
07       section may deduct and retain two percent of the amount of the tax due to cover the                               
08       expense of accounting and submitting the tax, except that the amount that may be                                  
09       deducted and retained for a calendar year may not exceed $4,000. In this subsection,                              
10       "calendar year" has the meaning given in AS 39.35.680.                                                            
11    * Sec. 2. The uncodified law of the State of Alaska is amended by adding a new section to                          
12 read:                                                                                                                   
13       APPLICABILITY. Section 1 of this Act applies to taxes required to be paid to the                                  
14 Department of Revenue under AS 43.52.050(a)(2) after the effective date of this Act.