2018-04-05                     House Journal                      Page 3037
HB 399                                                                                                                        
The Resources Committee considered:                                                                                             
                                                                                                                                
    HOUSE BILL NO. 399                                                                                                          
    "An Act disallowing a federal tax credit as a credit against the                                                            
    corporate net income tax; repealing a provision allowing the                                                                
    exclusion of certain royalties accrued or received from foreign                                                             
    corporations for purposes of the corporate net income tax;                                                                  
    repealing the reduced rate for the alternative tax on capital gains                                                         
    for corporations; repealing an exemption from filing a return                                                               
    under the corporate net income tax for a corporation engaged in a                                                           
    contract under the Alaska Stranded Gas Development Act; and                                                                 
    providing for an effective date."                                                                                           
                                                                                                                                
The report was signed by Representatives Josephson and Tarr, Co-                                                                
chairs, with the following individual recommendations:                                                                          
                                                                                                                                
Do pass (4):  Parish, Drummond, Josephson, Tarr                                                                                 
                                                                                                                                
No recommendation (3):  Birch, Talerico, Lincoln                                                                                
                                                                                                                                
The following fiscal note(s) apply:                                                                                             
                                                                                                                                
1.  Fiscal, Dept. of Revenue                                                                                                    
                                                                                                                                
HB 399 was referred to the Finance Committee.