CSHB 96(FIN): "An Act amending the calculation of adjusted gross income for purposes of the tax on gambling activities aboard large passenger vessels; repealing a provision allowing an investigation expense under the Alaska Small Loans Act to be in place of a fee required under the Alaska Business License Act; repealing the amount that may be deducted from the tobacco excise tax to cover the expense of accounting and filing for the monthly tax return; repealing the discount on cigarette tax stamps provided as compensation for affixing the stamps to packages; and providing for an effective date."
00 CS FOR HOUSE BILL NO. 96(FIN) 01 "An Act amending the calculation of adjusted gross income for purposes of the tax on 02 gambling activities aboard large passenger vessels; repealing a provision allowing an 03 investigation expense under the Alaska Small Loans Act to be in place of a fee required 04 under the Alaska Business License Act; repealing the amount that may be deducted 05 from the tobacco excise tax to cover the expense of accounting and filing for the monthly 06 tax return; repealing the discount on cigarette tax stamps provided as compensation for 07 affixing the stamps to packages; and providing for an effective date." 08 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 09 * Section 1. AS 43.35.210 is amended to read: 10 Sec. 43.35.210. Tax on gambling activities. There is imposed on the operator 11 of gaming or gambling activities aboard large passenger vessels in the state a tax of 33 12 percent of the adjusted gross income from those activities. "Adjusted gross income" 13 means gross income less prizes awarded and [FEDERAL AND] municipal taxes paid
01 or owed on the income. The tax shall be collected and is due and payable to the 02 Department of Revenue in the manner and at the times required by the Department of 03 Revenue. 04 * Sec. 2. AS 43.50.590(a) is amended to read: 05 (a) The department shall adopt procedures for a refund or credit to a licensee 06 in the amount of the denominated value [, LESS THE DISCOUNT GIVEN UNDER 07 AS 43.50.540,] for 08 (1) unused or damaged stamps; 09 (2) stamps affixed to cigarette packages that have become unfit for use 10 or sale, are destroyed, or are returned to the manufacturer for credit or replacement if 11 the licensee provides proof acceptable to the department that the cigarettes have not 12 been and will not be consumed in this state; or 13 (3) stamps affixed to cigarette packages that are sold or distributed 14 outside the state if the licensee provides proof acceptable to the department that the 15 cigarettes have not been and will not be consumed in this state and the licensee is 16 properly licensed in the jurisdictions outside the state where the sales or distributions 17 are made. 18 * Sec. 3. AS 06.20.030(c); AS 43.50.330(b), 43.50.540(c), and 43.50.540(h) are repealed. 19 * Sec. 4. Section 1 of this Act takes effect January 1, 2019. 20 * Sec. 5. Except as provided in sec. 4 of this Act, this Act takes effect July 1, 2018.