2012-03-23                     House Journal                      Page 1986
There being no objection, it was so ordered.                                                                                    
                                                                                                                                
Amendment No. 1 was offered  by Representative Johansen:                                                                         
                                                                                                                                
Page 1, line 1, following "tax;" (title amendment):                                                                           
     Insert "amending the tax rates for taxes levied on corporations                                                          
under the Alaska Net Income Tax Act;"                                                                                         
                                                                                                                                
Page 1, following line 3:                                                                                                       
     Insert a new bill section to read:                                                                                         
"* Section 1. AS 43.20.011(e) is amended to read:                                                                             
         (e)  There is imposed for each taxable year upon the entire                                                            
     taxable income of every corporation derived from sources within                                                            
     the state a tax computed as follows:                                                                                       
If the taxable income is                 Then the tax is:                                                                       
Less than $50,000 [$10,000]               1 percent of the taxable income                                                   
[$10,000 BUT LESS THAN                    $100 PLUS 2 PERCENT OF                                                                
 $20,000       THE TAXABLE INCOME                                                                                               
                                         OVER $10,000                                                                           
$20,000 BUT LESS THAN $30,000  $300 PLUS 3 PERCENT OF                                                                           
                                         THE TAXABLE INCOME                                                                     
                                         OVER $20,000                                                                           
$30,000 BUT LESS THAN $40,000  $600 PLUS 4 PERCENT OF                                                                           
                                         THE TAXABLE INCOME                                                                     
                                         OVER $30,000                                                                           
$40,000 BUT LESS THAN $50,000   $1,000 PLUS 5 PERCENT OF                                                                        
                                         THE TAXABLE INCOME                                                                     
                                         OVER $40,000]                                                                          
$50,000 but less than $100,000            $500 [$1,500] plus 3 percent                                              
 [$60,000]      [6 PERCENT] of the taxable                                                                                      
                                         income over $50,000                                                                    
$100,000 [$60,000 BUT LESS THAN $2,100 PLUS 7 PERCENT OF                                                                    
 $70,000       THE TAXABLE INCOME                                                                                               
                                         OVER $60,000                                                                           
$70,000 BUT LESS THAN $80,000  $2,800 PLUS 8 PERCENT OF                                                                         
                                         THE TAXABLE INCOME                                                                     
                                         OVER $70,000                                                                           
$80,000 BUT LESS THAN $90,000  $3,600 PLUS 9 PERCENT OF                                                                         
                                         THE TAXABLE INCOME                                                                     
                                         OVER $80,000