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2012-02-29 House Journal

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2012-02-29                     House Journal                      Page 1740
                  CONSIDERATION OF THE DAILY CALENDAR                                                                        
                                                                                                                                
                      THIRD READING OF HOUSE BILLS                                                                           
                                                                                                                                
HB 118                                                                                                                        
The following, which was advanced to third reading from the February                                                            
27, 2012, calendar (page 1713), was read the third time:                                                                        
                                                                                                                                
    CS FOR HOUSE BILL NO. 118(FIN)                                                                                              
    "An Act relating to a tax credit for qualified research and                                                                 
    development expenditures; and providing for an effective date."                                                            
                                                                                                                                
Representative Austerman moved and asked unanimous consent that                                                                 
Representative Petersen be excused from a call of the House from                                                                
noon to 2:30 p.m., today.  There being no objection, it was so ordered.                                                         
                                                                                                                                
Representative Gara moved and asked unanimous consent that CSHB
118(FIN) be returned to second reading for the specific purpose of                                                              
considering Amendment No. 1.  There being no objection, it was so                                                               
ordered.                                                                                                                        
                                                                                                                                
The Speaker stated that, without objection, CSHB 118(FIN) would be                                                              
returned to second reading for all amendments.                                                                                  
                                                                                                                                
Amendment No. 1 was offered  by Representative Gara:                                                                             
                                                                                                                                
Page 2, line 10, following "AS 43.20.011(e)":                                                                                   
 Insert "or A 43.55,"                                                                                                           
                                                                                                                                
Page 2, line 11, following "title":                                                                                             
 Insert "Companies eligible for credits of deductions under                                                                     
AS 43.55 are not eligible for credits under this section."                                                                      
                                                                                                                                
Representative Gara moved and asked unanimous consent that                                                                      
Amendment No. 1 be adopted.                                                                                                     
                                                                                                                                
Representative Costello objected.                                                                                               
                                                                                                                                
**The presence of Representative P. Wilson, who was excused (page                                                               
1725), was noted.