2017-04-12                     House Journal                      Page 1057
HB 115                                                                                                                        
The Finance Committee considered:                                                                                               
                                                                                                                                
    HOUSE BILL NO. 115                                                                                                          
    "An Act relating to the permanent fund dividend; relating to the                                                            
    appropriation of certain amounts of the earnings reserve account;                                                           
    relating to the taxation of income of individuals; relating to a                                                            
    payment against the individual income tax from the permanent                                                                
    fund dividend disbursement; repealing tax credits applied against                                                           
    the tax on individuals under the Alaska Net Income Tax Act; and                                                             
    providing for an effective date."                                                                                           
                                                                                                                                
and recommends it be replaced with:                                                                                             
                                                                                                                                
    CS FOR HOUSE BILL NO. 115(FIN)                                                                                              
    "An Act bearing the short title of the 'Education Funding Act';                                                             
    relating to the taxation of income of individuals, partners,                                                                
    shareholders in S corporations, trusts, and estates; relating to a                                                          
    payment against the individual income tax from the permanent                                                                
    fund dividend disbursement; repealing tax credits applied against                                                           
    the tax on individuals under the Alaska Net Income Tax Act; and                                                             
    providing for an effective date."                                                                                           
                                                                                                                                
The report was signed by Representatives Seaton and Foster, Co-                                                                 
chairs, with the following individual recommendations:                                                                          
                                                                                                                                
Do pass (4):  Guttenberg, Gara, Seaton, Foster                                                                                  
                                                                                                                                
Do not pass (4):  Tilton, Thompson, Pruitt, Wilson                                                                              
                                                                                                                                
No recommendation (2):  Grenn, Ortiz                                                                                            
                                                                                                                                
Amend (1):  Kawasaki                                                                                                            
                                                                                                                                
The following fiscal note(s) apply to CSHB 115(FIN):                                                                            
                                                                                                                                
1.  Fiscal, Dept. of Administration                                                                                             
2.  Fiscal, Dept. of Revenue                                                                                                    
                                                                                                                                
HB 115 was referred to the Rules Committee for placement on the                                                                 
calendar.