2021-05-19                     House Journal                      Page 1185
HB 37                                                                                                                         
The House Special Committee on Ways & Means considered:                                                                         
                                                                                                                                
    HOUSE BILL NO. 37                                                                                                           
    "An Act relating to deposits into the dividend fund; relating to                                                            
    income of and appropriations from the earnings reserve account;                                                             
    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."                                                                                           
                                                                                                                                
and recommends it be replaced with:                                                                                             
                                                                                                                                
    CS FOR HOUSE BILL NO. 37(W&M)                                                                                               
    (same title)                                                                                                                
                                                                                                                                
The report was signed by Representative Spohnholz, Chair, with the                                                              
following individual recommendations:                                                                                           
                                                                                                                                
Do pass (5):  Schrage, Story, Josephson, Wool, Spohnholz                                                                        
                                                                                                                                
Do not pass (2):  Prax, Eastman                                                                                                 
                                                                                                                                
The following fiscal note(s) apply to CSHB 37(W&M):                                                                             
                                                                                                                                
1.  Fiscal, Dept. of Administration                                                                                             
2.  Fiscal, Dept. of Revenue                                                                                                    
3.  Fiscal, Dept. of Revenue                                                                                                    
                                                                                                                                
HB 37 was referred to the State Affairs Committee.