Legislature(2011 - 2012)
2012-04-15 Senate JournalFull Journal pdf
2012-04-15 Senate Journal Page 2335 HB 252 Senator Ellis, Chair, moved and asked unanimous consent that Uniform Rule 23 be waived on CS FOR HOUSE BILL NO. 252(FIN) "An Act exempting certain small businesses from the corporate income tax; and providing for an effective date" for a Rules Committee meeting on April 15. Without objection, it was so ordered. HB 252 The Rules Committee considered CS FOR HOUSE BILL NO. 252(FIN) "An Act exempting certain small businesses from the corporate income tax; and providing for an effective date" and recommended it be replaced with 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 2012-04-15 Senate Journal Page 2336 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." (Title change SCR 40) Signing do pass: Senator Ellis, Chair; Senators Hoffman, Stevens, Meyer, Stedman. The following fiscal information was published today: Fiscal Note No. 3, indeterminate, Senate Rules Committee. The bill is on today's first supplemental calendar.