Legislature(2013 - 2014)

2013-04-12 House Journal

Full Journal pdf

2013-04-12                     House Journal                      Page 1125
SB 83                                                                                                                         
The Finance Committee considered:                                                                                               
                                                                                                                                
    CS FOR SENATE BILL NO. 83(FIN)                                                                                              
    "An Act relating to the corporation income tax; relating to the                                                             
    computation of interest under the look-back method applicable to                                                            
    long-term contracts in the Internal Revenue Code; and providing                                                             
    for an effective date."                                                                                                     
                                                                                                                                
and recommends it be replaced with:                                                                                             
                                                                                                                                
    HOUSE CS FOR CS FOR SENATE BILL NO. 83(FIN)                                                                                 
    "An Act making the income received by a regional aquaculture                                                                
    association or a salmon hatchery permit holder from the sale of                                                             
    salmon or salmon eggs under or from a cost recovery fishery                                                                 
    exempt from the corporation income tax; relating to the                                                                     
    corporation income tax; relating to the computation of interest                                                             

2013-04-12                     House Journal                      Page 1126
    under the look-back method applicable to long-term contracts in                                                             
    the Internal Revenue Code; relating to the assignment of certain                                                            
    tax credits; providing for an effective date by repealing the                                                               
    effective date of sec. 8, ch. 51, SLA 2012; and providing for an                                                            
    effective date."                                                                                                            
                                                                                                                                
    (HCR 13 - title change resolution)                                                                                          
                                                                                                                                
The report was signed by Representatives Stoltze and Austerman, Co-                                                             
chairs, with the following individual recommendations:                                                                          
                                                                                                                                
Do pass (9):  Holmes, Munoz, Thompson, Edgmon, T. Wilson, Gara,                                                                 
Costello, Stoltze, Austerman                                                                                                    
                                                                                                                                
No recommendation (1):  Neuman                                                                                                  
                                                                                                                                
Amend (1):  Kawasaki (Alternate)                                                                                                
                                                                                                                                
The following fiscal note(s) apply to HCS CSSB 83(FIN):                                                                         
                                                                                                                                
1.  Indeterminate, Dept. of Revenue                                                                                             
                                                                                                                                
CSSB 83(FIN) was referred to the Rules Committee for placement on                                                               
the calendar.