Legislature(2011 - 2012)

2012-04-15 House Journal

Full Journal pdf

2012-04-15                     House Journal                      Page 2534
HB 252                                                                                                                        
A message dated April 15, 2012, was read stating the Senate passed:                                                             
     CS FOR HOUSE BILL NO. 252(FIN)                                                                                             
     "An Act exempting certain small businesses from the corporate                                                              
     income tax; and providing for an effective date."                                                                          
with the following amendment, and it is transmitted for consideration:                                                          
     SENATE CS FOR CS FOR HOUSE BILL NO. 252(RLS)                                                                               
     "An Act exempting certain small businesses from the corporate                                                              
     income tax; relating to transferable film production tax credits and                                                       
     film production tax credit certificates; relating to the taxes against                                                     
     which a film production tax credit may be applied; transferring the                                                        
     film office to the Department of Revenue and relating to that                                                              
     office; establishing the Alaska Film Incentive Review                                                                      
     Commission; establishing a film production promotion program;                                                              
     relating to the amount of credit that may be awarded for                                                                   
     compensation to producers, directors, writers, and actors who are                                                          
     not residents; providing for a fee to be paid at the time an                                                               
     application for eligibility for the film production tax credit is filed;                                                   
     providing a one-time credit for the first episodic scripted                                                                
     television production in the state; requiring the legislative audit                                                        
     division to audit the Alaska film production incentive program;                                                            
     relating to the oil and gas production tax; providing for a credit                                                         
     against the oil and gas production tax for costs incurred for                                                              
     conducting seismic exploration and drilling certain oil or natural                                                         
     gas exploration wells in certain basins; relating to the                                                                   
     determination of the production tax value of oil and gas                                                                   
     production; providing that the tax rate for new oil or gas                                                                 
     production south of 68 degrees North latitude and outside of the                                                           
     Cook Inlet sedimentary basin may not exceed four percent of the                                                            
     gross value at the point of production; providing for an effective                                                         
     date by repealing the effective dates of secs. 3 and 4, ch. 63, SLA                                                        
     2008; and providing for an effective date."                                                                                
 (SCR 40 - title change resolution)                                                                                             

2012-04-15                     House Journal                      Page 2535
CSHB 252(FIN) is under Unfinished Business.