2017-04-15                     House Journal                      Page 1118
Excused:  Neuman                                                                                                                
                                                                                                                                
And so, HB 120 passed the House.                                                                                                
                                                                                                                                
Representative Chenault gave notice of reconsideration of the vote on                                                           
HB 120.                                                                                                                         
                                                                                                                                
                       THIRD READING OF HOUSE BILLS                                                                          
                                                                                                                                
HB 115                                                                                                                        
The following, which was advanced to third reading from the April 14                                                            
calendar (page 1102), was read the third time:                                                                                  
                                                                                                                                
     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."                                                                                          
                                                                                                                                
Representative Seaton moved and asked unanimous consent that                                                                    
CSHB 115(FIN) be returned to second reading for the specific purpose                                                            
of considering Amendment No. 1.  There being no objection, it was so                                                            
ordered.                                                                                                                        
                                                                                                                                
The Speaker stated that, without objection, CSHB 115(FIN) would be                                                              
returned to second reading for all amendments.                                                                                  
                                                                                                                                
Amendment No. 1 was offered  by Representatives Seaton and Foster:                                                               
                                                                                                                                
Page 4, lines 4 - 14:                                                                                                           
     Delete all material and insert:                                                                                            
         "Sec. 43.22.015. Calculation of tax on a nonresident                                                                 
     individual. (a) Except as otherwise provided in                                                                          
     AS 43.22.010(f)(2) or (b) of this section, the tax on a nonresident                                                        
     individual is the product of                                                                                               
              (1)  the tax determined under AS 43.22.010(b) on the                                                              
     nonresident individual's taxable income computed as if the