Legislature(2011 - 2012)SENATE FINANCE 532

04/13/2012 09:00 AM FINANCE


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+ SB 217 PHARMACY AUDITS TELECONFERENCED
Heard & Held
+ HB 286 G.O. BONDS: TRANSPORTATION PROJECTS TELECONFERENCED
Heard & Held
+ HB 282 MILITARY TRAINING CREDIT/TEMP. LICENSE TELECONFERENCED
Heard & Held
+ HB 301 BOATING REGULATION: SUNSET/ENFORCEMENT TELECONFERENCED
Heard & Held
+ HB 204 STATE PROCUREMENT CODE TELECONFERENCED
Heard & Held
+ HB 205 PUBLIC PROCUREMENT TELECONFERENCED
Heard & Held
+ HB 252 SMALL BUSINESS INCOME TAX EXEMPTION TELECONFERENCED
Heard & Held
+ HB 276 OIL/GAS PROD. TAX CREDITS/RATES/VALUE TELECONFERENCED
Scheduled But Not Heard
+ Bills Previously Heard/Scheduled TELECONFERENCED
+= HB 21 SUICIDE PREVENTION COUNCIL MEMBERS TELECONFERENCED
Moved CSHB 21(FIN) Out of Committee
+= HB 60 GEODUCK AQUATIC FARMING/SEED TRANSFER TELECONFERENCED
Moved HB 60 Out of Committee
+= HB 78 INCENTIVES FOR CERTAIN MEDICAL PROVIDERS TELECONFERENCED
Moved CSHB 78(FIN) Out of Committee
+= HB 115 NAMING WALTER J. HICKEL EXPRESSWAY TELECONFERENCED
Moved CSHB 115(TRA) Out of Committee
+= HB 131 COMMUNITY AND TRANSPORTATION ADV. BOARD TELECONFERENCED
Moved SCS CSHB 131(FIN) Out of Committee
+= HB 246 NAMING CERTAIN BRIDGES & AIRPORTS TELECONFERENCED
Moved SCS CSHB 246(FIN) Out of Committee
+= HB 258 NATURALLY OCCURRING ASBESTOS TELECONFERENCED
Moved SCS CSHB 258(FIN) Out of Committee
+= HB 298 EXEMPTIONS FROM MINING TAX TELECONFERENCED
Moved CSHB 298(FIN) Out of Committee
+= HB 302 CONTRIBUTIONS FROM PFD: UNIV/AUDITS TELECONFERENCED
Moved CSHB 302(FIN) am Out of Committee
+= HB 360 INTERSTATE MINING COMPACT & COMMISSION TELECONFERENCED
Moved HB 360 Out of Committee
+= HB 366 DISASTER PLANNING AND SERVICES TELECONFERENCED
Moved HB 366 Out of Committee
+= HCR 23 ALASKA ARCTIC POLICY COMMISSION TELECONFERENCED
Scheduled But Not Heard
= SB 121 TEACHERS & PUB EMPLOYEE RETIREMENT PLANS
Moved CSSB 121(STA) Out of Committee
CS FOR HOUSE BILL NO. 252(FIN)                                                                                                
                                                                                                                                
          "An Act exempting certain small businesses from                                                                       
          the corporate income tax; and providing for an                                                                        
          effective date."                                                                                                      
                                                                                                                                
10:06:31 AM                                                                                                                   
                                                                                                                                
REPRESENTATIVE MIA COSTELLO,  testified that the legislation                                                                    
would exempt  certain small  qualifying businesses  from the                                                                    
states corporate  income tax until the  business reached $50                                                                    
million in  gross aggregate assets,  or after 10  years. She                                                                    
explained  that   the  definition  of  a   small  qualifying                                                                    
business could  found in  federal law.  She stated  that the                                                                    
hope was to attract businesses  that did not currently exist                                                                    
in  the  state.  The   businesses  would  eventually  become                                                                    
corporate tax payers.                                                                                                           
                                                                                                                                
10:07:32 AM                                                                                                                   
                                                                                                                                
Co-Chair  Stedman  asked  for   a  clarification  about  who                                                                    
qualified for the exemption.                                                                                                    
                                                                                                                                
Representative    Costello    responded   that    qualifying                                                                    
industries included:                                                                                                            
                                                                                                                                
   · Software development                                                                                                       
   · Bio-tech                                                                                                                   
   · Pharmaceuticals                                                                                                            
   · Tele-communications                                                                                                        
   · Super-conductors                                                                                                           
   · Business technologies and solutions                                                                                        
   · Media storage servers                                                                                                      
   · Video games                                                                                                                
                                                                                                                                
Co-Chair Stedman  understood that the legislation  was aimed                                                                    
at a targeted group.                                                                                                            
                                                                                                                                
Representative Costello replied in the affirmative.                                                                             
                                                                                                                                
10:08:09 AM                                                                                                                   
                                                                                                                                
Co-Chair Stedman discussed the fiscal notes in the packet.                                                                      
                                                                                                                                
Co-Chair Stedman OPENED public testimony.                                                                                       
                                                                                                                                
10:08:39 AM                                                                                                                   
                                                                                                                                
TYLER   ARNOLD,   CEO,   SIMPLY   SOCIAL,   Anchorage   (via                                                                    
teleconference), testified  in support of HB  252. He shared                                                                    
that he was a 19  year-old entrepreneur raised in Anchorage.                                                                    
He opined  that the state  had one of the  highest corporate                                                                    
tax  rates in  the  country. He  felt  that the  legislation                                                                    
would   help    to   strengthen   his    business's   global                                                                    
competitiveness.                                                                                                                
                                                                                                                                
Co-Chair Stedman CLOSED public testimony.                                                                                       
                                                                                                                                
CSHB 252(FIN)  was HEARD and  HELD in committee  for further                                                                    
consideration.                                                                                                                  
                                                                                                                                
10:10:58 AM                                                                                                                   
AT EASE                                                                                                                         
                                                                                                                                
10:12:15 AM                                                                                                                   
RECONVENED                                                                                                                      
                                                                                                                                

Document Name Date/Time Subjects
SB 217 Examples of Abusive Auditing Practices in Alaska, Alaska Pharmacists Association 021012.pdf SFIN 4/13/2012 9:00:00 AM
SB 217
SB 217 Examples of State Audit Laws, Alaska Pharmacists Association, 020512.pdf SFIN 4/13/2012 9:00:00 AM
SB 217
SB 217 lttr supporting Fred Meyer FM 040412.pdf SFIN 4/13/2012 9:00:00 AM
SB 217
SB 217 lttr supporting, Alaska Pharmacists Association, 020312.pdf SFIN 4/13/2012 9:00:00 AM
SB 217
SB 217 Model Audit Guidelines for Pharmacy Claims by the Academy of Managed Care Pharmacy, January 2012.pdf SFIN 4/13/2012 9:00:00 AM
SB 217
SB 217 Sectional Analysis v B.pdf SFIN 4/13/2012 9:00:00 AM
SB 217
SB 217 Summary of Changes, original to v B.pdf SFIN 4/13/2012 9:00:00 AM
SB 217
SB 217 Survey of Community Pharmacies, National Community Pharmacists Association.pdf SFIN 4/13/2012 9:00:00 AM
SB 217
SB 217 testimony opposing, Eric Douglas, CVS Caremark.pdf SFIN 4/13/2012 9:00:00 AM
SB 217
HB 282 Kenai Written Testimony Packet.pdf SFIN 4/13/2012 9:00:00 AM
HB 282
HB 282_Sponser Statement.pdf SFIN 4/13/2012 9:00:00 AM
HB 282
HB 282_SupportingDoc2.pdf SFIN 4/13/2012 9:00:00 AM
HB 282
HB 301 - Alaska Boating Safety Program - Funding History.pdf SFIN 4/13/2012 9:00:00 AM
HB 301
HB301 - Sponsor Statement.pdf SFIN 4/13/2012 9:00:00 AM
HB 301
HB 204 Sectional Analysis.pdf SFIN 4/13/2012 9:00:00 AM
HB 204
HB 204 Sponsor Statement.pdf SFIN 4/13/2012 9:00:00 AM
HB 204
Alaska Chamber Support HB 205.pdf SFIN 4/13/2012 9:00:00 AM
HB 205
HB 205 Sponsor Statement.pdf SFIN 4/13/2012 9:00:00 AM
HB 205
HB 252 - Reference Information - 26 USC 1202.pdf SFIN 4/13/2012 9:00:00 AM
HB 252
Backup NenYF-BasinLocmap.pdf SFIN 4/13/2012 9:00:00 AM
HB 276
Explanation of changes version E to version K 4.9.12.pdf SFIN 4/13/2012 9:00:00 AM
HB 276
HB276 Oil Basin Map Final 3.20.12.pdf SFIN 4/13/2012 9:00:00 AM
HB 276
No Nenana Drilling Cost Report 010312.pdf SFIN 4/13/2012 9:00:00 AM
HB 276
Sponsor Statement revised 4.9.12.pdf SFIN 4/13/2012 9:00:00 AM
HB 276
HB 131 Version I.pdf SFIN 4/13/2012 9:00:00 AM
HB 131
HB 246 Version E.pdf SFIN 4/13/2012 9:00:00 AM
HB 246
HB 258 Version Q.pdf SFIN 4/13/2012 9:00:00 AM
HB 258
SB 217 blank v I 041012.PDF SFIN 4/13/2012 9:00:00 AM
SB 217
SB 217 Brown, Fred Testimony.pdf SFIN 4/13/2012 9:00:00 AM
SB 217
SCSCSHCR23(FIN)-4-13-12.pdf SFIN 4/13/2012 9:00:00 AM
HCR 23
HB 286 Version D.pdf SFIN 4/13/2012 9:00:00 AM
HB 286