Legislature(2011 - 2012)HOUSE FINANCE 519

04/15/2012 09:00 AM FINANCE


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* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
-- Recessed to a Call of the Chair --
+ SB 136 INCOME TAX CREDIT FOR EMPLOYING A VETERAN TELECONFERENCED
Moved HCS CSSB 136(FIN) Out of Committee
+ Bills Previously Heard/Scheduled TELECONFERENCED
+= SB 25 AIDEA: SUSTAINABLE ENERGY/ INTEREST RATE TELECONFERENCED
Moved HCS CSSSSB 25(L&C) Out of Committee
+= SB 53 COMMISSION ON THE STATUS OF WOMEN TELECONFERENCED
Moved Out of Committee
+= SB 119 ATHLETIC TRAINERS TELECONFERENCED
Moved HCS CSSB 119(FIN) Out of Committee
CS FOR SENATE BILL NO. 136(FIN) am                                                                                            
                                                                                                                                
     "An Act providing a tax  credit for employing a veteran                                                                    
     that may  be taken against  a liability for the  tax on                                                                    
     corporation  income;  and  providing for  an  effective                                                                    
     date."                                                                                                                     
                                                                                                                                
11:33:05 AM                                                                                                                   
                                                                                                                                
Vice-chair  Fairclough  MOVED  to ADOPT  proposed  committee                                                                    
substitute  for  CSSB  136(FIN)am,  Work  Draft  27-LS0983\U                                                                    
(Bullock, 4/14/12).                                                                                                             
                                                                                                                                
Co-Chair Stoltze OBJECTED for discussion.                                                                                       
                                                                                                                                
KENDRA KLOSTER,  STAFF, SENATOR BILL  WIELECHOWSKI, provided                                                                    
a  synopsis of  the legislation.  She explained  that as  of                                                                    
June  2011, one  million  veterans were  unemployed and  the                                                                    
jobless  rate for  post 9/11  was 13.3  percent. Young  male                                                                    
veterans between  the ages of  18 to 24 were  experiencing a                                                                    
higher unemployment  rate at 21.9  percent. She  referred to                                                                    
recent  March 2012  data from  a  Syracuse University  study                                                                    
showing  that  young male  veterans  were  at a  30  percent                                                                    
unemployment  rate. The  bill  aimed  at helping  unemployed                                                                    
veterans  to  obtain  employment   upon  their  return  from                                                                    
military  service. The  legislation would  provide a  $2,000                                                                    
income tax credit or a  $3,000 credit for disabled veterans;                                                                    
it  stipulated that  a veteran  must  work for  at least  12                                                                    
months for 1,560  hours or more (approximately  30 hours per                                                                    
week).  The  bill also  included  a  provision for  seasonal                                                                    
employment in  the form  of a $1,000  tax credit;  to obtain                                                                    
the seasonal credit  a veteran would be required  to work at                                                                    
least 600 hours for 5 months.                                                                                                   
                                                                                                                                
Ms.  Kloster pointed  to a  number of  support letters  from                                                                    
small business owners  and veterans' organizations including                                                                    
Southeast  Alaska   Native  Veterans,  Vets   Helping  Vets,                                                                    
Vietnam Veterans of America (copy on file).                                                                                     
                                                                                                                                
11:35:04 AM                                                                                                                   
                                                                                                                                
REPRESENTATIVE  DAN SADDLER,  CO-SPONSOR, communicated  that                                                                    
Section 1  authorized the Division  of Motor  Vehicles (DMV)                                                                    
to designate  a person's  veteran status  on a  state issued                                                                    
driver's license or  ID card and would have an  image of the                                                                    
U.S. flag or  other upon request. Section  2 would authorize                                                                    
DMV  to provide  the names  and addresses  of people  with a                                                                    
veteran's designation  to the  Division of  Veterans Affairs                                                                    
upon  approval  of  the individual;  the  opportunity  would                                                                    
provide veterans  with another  chance to  receive important                                                                    
health and other benefits. He  stated that the bill provided                                                                    
Alaskans with a  way to carry reliable  and convenient proof                                                                    
of their  veteran status  and would help  them to  enjoy the                                                                    
many benefits  made available  to them  by a  grateful state                                                                    
and nation.                                                                                                                     
                                                                                                                                
Co-Chair  Stoltze  remembered that  Representative  Costello                                                                    
had been  the responsible for  a money saving flag  in prior                                                                    
legislation.                                                                                                                    
                                                                                                                                
Co-Chair  Stoltze WITHDREW  his  OBJECTION.  There being  NO                                                                    
further OBJECTION, Work Draft 27-LS0983\U was ADOPTED.                                                                          
                                                                                                                                
Representative Wilson  asked whether the bill  would present                                                                    
a conflict  for veterans who  had served in the  military at                                                                    
different    times;    she    wondered    about    potential                                                                    
prioritization.                                                                                                                 
                                                                                                                                
Co-Chair  Thomas   explained  that  the  bill   reflected  a                                                                    
veteran's caucus decision. The  timeframe was limited to the                                                                    
past 10 years in order to keep costs relatively low.                                                                            
                                                                                                                                
Co-Chair Thomas CLOSED public testimony.                                                                                        
                                                                                                                                
Vice-chair  Fairclough discussed  the Department  of Revenue                                                                    
fiscal  note;  the  changes in  revenue  were  indeterminate                                                                    
because  the  number of  employers  or  employees who  would                                                                    
qualify for the tax credit was unknown.                                                                                         
                                                                                                                                
Co-Chair  Stoltze   referenced  a   fiscal  note   from  the                                                                    
Department of Administration.                                                                                                   
                                                                                                                                
Representative Neuman asked how  businesses were informed of                                                                    
the  credit.  Ms. Kloster  replied  that  the Department  of                                                                    
Military and Veterans Affairs was  very active in working to                                                                    
ensure  that   businesses  were  made  aware   of  veterans'                                                                    
benefits.  She  believed  that  the  provision  included  by                                                                    
Representative  Saddler  would  help with  veteran  outreach                                                                    
around the state.                                                                                                               
                                                                                                                                
Co-Chair    Thomas    added   that    statewide    veterans'                                                                    
organizations monitored legislation closely.                                                                                    
                                                                                                                                
Co-Chair Stoltze believed that  there was an acute awareness                                                                    
in  the   business  community  (including   the  hospitality                                                                    
industry and other) related to veterans.                                                                                        
                                                                                                                                
11:40:16 AM                                                                                                                   
                                                                                                                                
Vice-chair  Fairclough discussed  an additional  fiscal note                                                                    
from Department  of Administration in the  amount of $32,900                                                                    
in FY 13  and $17,500 in FY 14. The  total change in revenue                                                                    
in FY 13 would be $51,300  and $102,700 in FY 14. [Note: The                                                                    
Department of Administration fiscal note referenced here                                                                        
did not report out of committee with the bill].                                                                                 
                                                                                                                                
Representative Wilson MOVED to  report HCS CSSB 136(FIN) out                                                                    
of  committee   with  individual  recommendations   and  the                                                                    
accompanying fiscal  note. There being NO  OBJECTION, it was                                                                    
so ordered.                                                                                                                     
                                                                                                                                
HCS CSSB 136(FIN) was REPORTED out of committee with a "do                                                                      
pass" recommendation and with one new indeterminate fiscal                                                                      
note from the Department of Revenue.                                                                                            
                                                                                                                                

Document Name Date/Time Subjects
Legislative Research Report AIDEA.pdf HFIN 4/15/2012 9:00:00 AM
SB 25
Letters of support for SB 25.pdf HFIN 4/15/2012 9:00:00 AM
SB 25
REAP SB25.pdf HFIN 4/15/2012 9:00:00 AM
SB 25
SB 25 Power Point Presentation H L&C Version.pdf HFIN 4/15/2012 9:00:00 AM
SB 25
Sectional Analysis HCS CS SS SB 25 L&C.pdf HFIN 4/15/2012 9:00:00 AM
SB 25
SP Alaska Industrial Development Export Authority Rating Report.pdf HFIN 4/15/2012 9:00:00 AM
SB 25
Sponsor Statement Senate Bill 25 Feb 2012.pdf HFIN 4/15/2012 9:00:00 AM
SB 25
SB136.Supporting Documents-Leg Research.Vet Tax Credit Report.12.28.11 (1).pdf HFIN 4/15/2012 9:00:00 AM
SB 136
SB136.Supporting Documents-Article AK Business Monthly.Hiring Military Veterans is Good Business.pdf HFIN 4/15/2012 9:00:00 AM
SB 136
SB136.Support Letters - business owners, vets helping vets, etc..pdf HFIN 4/15/2012 9:00:00 AM
SB 136
SB136.Sponsor Statement.pdf HFIN 4/15/2012 9:00:00 AM
SB 136
SB136.Article.states try to help veterans find jobs.pdf HFIN 4/15/2012 9:00:00 AM
SB 136
SB136 Summary of Changes.pdf HFIN 4/15/2012 9:00:00 AM
SB 136
SB136 Sectional Analysis.pdf HFIN 4/15/2012 9:00:00 AM
SB 136
SB119 Supporting Documents-AATA Handout.pdf HFIN 4/15/2012 9:00:00 AM
SB 119
SB 119 US Bureau of Labor Statistics Athletic Trainers.pdf HFIN 4/15/2012 9:00:00 AM
SB 119
SB 119 SYNOPSIS OF ATHLETIC TRAINER REGULATION BY STATE.pdf HFIN 4/15/2012 9:00:00 AM
SB 119
SB 119 Support Letters 24.pdf HFIN 4/15/2012 9:00:00 AM
SB 119
SB 119 Support Letter AAFP.pdf HFIN 4/15/2012 9:00:00 AM
SB 119
SB 119 Support Information Case for HS Activities.pdf HFIN 4/15/2012 9:00:00 AM
SB 119
SB 119 Sponsor Statement HFIN.pdf HFIN 4/15/2012 9:00:00 AM
SB 119
SB 119 Other States Chart Comparison.pdf HFIN 4/15/2012 9:00:00 AM
SB 119
SB 119 NATA Handout on Certified Athletic Trainers.pdf HFIN 4/15/2012 9:00:00 AM
SB 119
SB 119 Ltr of Supt AATA.pdf HFIN 4/15/2012 9:00:00 AM
SB 119
SB 119 Comparison of Participation Laws.docx HFIN 4/15/2012 9:00:00 AM
SB 119
SB 119 Athletic Training Educational Overview.pdf HFIN 4/15/2012 9:00:00 AM
SB 119
SB119 CS WORKDRAFT Uversion.pdf HFIN 4/15/2012 9:00:00 AM
SB 119
SB136 WORKDRAFT 27-LS0983-U.pdf HFIN 4/15/2012 9:00:00 AM
SB 136
SB53 Handout.pdf HFIN 4/15/2012 9:00:00 AM
SB 53
SB53 Additional Support.pdf HFIN 4/15/2012 9:00:00 AM
SB 53