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.