Legislature(2015 - 2016)HOUSE FINANCE 519
04/14/2016 01:30 PM House FINANCE
Audio | Topic |
---|---|
Start | |
HB250 | |
HB194 | |
HB249 | |
Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
+= | HB 81 | TELECONFERENCED | |
+= | HB 250 | TELECONFERENCED | |
+= | HB 249 | TELECONFERENCED | |
+ | TELECONFERENCED | ||
+= | HB 194 | TELECONFERENCED | |
HOUSE BILL NO. 249 "An Act requiring the electronic submission of a tax return or report with the Department of Revenue; relating to the motor fuel tax; and providing for an effective date." Vice-Chair Saddler MOVED to ADOPT the proposed committee substitute for HB 249 (FIN), Work Draft (29-GH2912\G). There being NO OBJECTION, it was so ordered. Ms. Pierson stated that the legislation was a combination of the fisheries taxes, the mining taxes, and the motor fuel taxes. She read from the sectional analysis: Alaska Commercial Fisheries Entry Commission Section 1: Amends AS 16.43.160 (c) - Removes the $3000 cap for entry permits and interim use permits in entry into Alaska Commercial Fisheries Royalty Payments for Mining Section 2: Amends AS 27.30.030 (a) -eliminates the use of credits for royalty payment Section 3: Conforming language to re-numeration in section 2 Section 4: Amends AS 27.30.40 - Removes royalty payment period from credits that be carried forward Section 5: Amends AS 27.30.050 - Removes royalty payment periods from the limit of applications of credits Electronic Filing Section 6: Adds new section, AS 43.05.045 - Electronic filing reporting, provides a 5 year exemption Section 7: Adds new section, AS 43.05.220 - penalty for failure to comply with electronic filing Section 8: Amends AS 43.31.111 - changes notification of death for tax filings Motor Fuel Tax Section 9: Amends AS 43.40.010 (a) motor fuel tax on fuel sold or transferred Motor Fuel - changes the tax rate to 16 cents from 8 cents Aviation Gasoline - changes the tax rate to 7 cents from 4.7 cents Watercraft Motor Fuel - changes the tax rate to 10 cents from 5 cents Aviation Fuel - changes the tax rate to 6.5 from 3.2 cents Section 10: Amends AS 43.40.010 (b) motor fuel tax on fuel consumed by user Motor Fuel - changes the tax rate to 16 cents from 8 cents Aviation Gasoline - changes the tax rate to 7 cents from 4.7 cents Watercraft Motor Fuel - changes the tax rate to 10 cents from 5 cents Aviation Fuel - changes the tax rate to 6.5 from 3.2 cents Section 11: Amends AS 43.40.030 (a) - changes the non- highway use refund to 12 cents from 6 cents Alcohol Tax Section 12: Amends AS 43.60.020 (a) - changes filing requirements for filing reports Mining Tax Section 13: Amends AS 43.65.101 (a) - changes tax exempt for new production to 3 years from 3.5 years Section 14: Amends AS 43.65.010 (c) - License tax rates on net income Changes the tax rate for taxpayers, excess over $100,000 to 8 cents from 7 cents Section 15: Amends AS 43.65.020 (d) - changes filing requirements for filing tax returns Section 16: Amends AS 43.65.030 - Changes mining application fees and renewals to $50 and changes date for filing to January 1st from May 1st of each license year Fish Business Tax Section 17: Amends AS 43.75.015 (a) - Fisheries Business License Tax Salmon Canned Shore-based Business - changes tax rate to 5 percent from 4 percent Salmon Processed Shore-based Business - changes tax rate to 4 percent from 3 percent Floating Business - changes tax rate to 6 percent from 5 percent Section 18: Amends AS 43.75.015 (b) Developing Commercial Species - Fisheries Business License Tax Developing Commercial Species Fisheries Shore-based Business- changes tax rate to 4 percent from 1 percent Developing Commercial Species Fisheries Floating Business - changes tax rate to 4 percent from 1 percent Section 19: Amends AS 43.75.015 (d) Direct Marketing Developing Commercial Species - Fisheries Business License Tax Developing Commercial Species Fisheries - changes tax rate to 4 percent from 1 percent Commercial Fish Species - changes tax rate to 4 percent from 3 percent Section 20: Amends 43.75.030 (b) - changes filing requirements for filing tax returns Section 21: Amends AS 43.75.130 (a) - 1 percent of tax revenue is deposited in general fund the remaining balance is divided by formula for local municipalities and governments as currently in statute Fish Resource Landing Tax Section 22: Amends AS 43.77.010 -Fish Landing Tax Developing commercial fish species - changes tax rate to 4 percent from 1 percent All other fish species - changes tax rate to 4 percent from 3 percent Section 23: Amends AS 43.77.060 (a) - 1 percent of tax revenue is deposited in general fund the remaining balance is divided by formula for local municipalities and governments as currently in statute Section 24: Amends AS43.77.060 (b) - 1 percent of tax revenue is deposited in general fund the remaining balance is divided by formula for local municipalities and governments as currently in statute Uncodified Law Section 25: Establishes Mining Tax Working Group Section 26: Applicability for all statutes referenced Section 27: Transitional provision to accommodate regulations Section 28: Established an immediate effective date for Section 27 Section 29: Establishes an effective date of July 1, 2016 for Section 1-26 3:13:16 PM HB 249 was HEARD and HELD in committee for further consideration. Co-Chair Thompson reviewed the agenda for the day. He relayed that amendments for HB 245, HB 249, and HB 250 were due to his office by 5:00 pm Friday, April 15, 2016. Co-Chair Thompson recessed the meeting to the Call of the Chair. [Secretary Note: the meeting never reconvened.]
Document Name | Date/Time | Subjects |
---|---|---|
HB 249 CS WORKDRAFT vG.pdf |
HFIN 4/14/2016 1:30:00 PM |
HB 249 |
HB 249 CFEC Letter.pdf |
HFIN 4/14/2016 1:30:00 PM |
HB 249 |
HB 249 CFEC vessels affected by removal of fee cap.pdf |
HFIN 4/14/2016 1:30:00 PM |
HB 249 |
HB 249 CFEC 16.02.19 Gho memo on fee ceiling.pdf |
HFIN 4/14/2016 1:30:00 PM |
HB 249 |
HB 249 CFEC Letter.pdf |
HFIN 4/14/2016 1:30:00 PM |
HB 249 |
HB 249 Sectional FIN.pdf |
HFIN 4/14/2016 1:30:00 PM |
HB 249 |