Legislature(2015 - 2016)SENATE FINANCE 532

03/26/2015 01:30 PM FINANCE

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* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
Presentation: Overview FY17 Operating Budget
= SB 32 TIMBER SALES
Moved CSSB 32(RES) Out of Committee
= SB 33 FEES FOR TIRES
Moved SB 33 Out of Committee
SENATE BILL NO. 33                                                                                                            
                                                                                                                                
     "An  Act  relating  to remittance  of  tire  fees;  and                                                                    
     providing for an effective date."                                                                                          
                                                                                                                                
1:41:43 PM                                                                                                                    
                                                                                                                                
Co-Chair MacKinnon noted a spreadsheet  attached to the bill                                                                    
outlining a comparison of tire  fees for each state (copy on                                                                    
file).                                                                                                                          
                                                                                                                                
1:41:52 PM                                                                                                                    
AT EASE                                                                                                                         
                                                                                                                                
1:42:45 PM                                                                                                                    
RECONVENED                                                                                                                      
                                                                                                                                
1:42:51 PM                                                                                                                    
                                                                                                                                
Co-Chair MacKinnon  addressed the spreadsheet,  and wondered                                                                    
if there were any questions from committee members.                                                                             
                                                                                                                                
Vice-Chair Micciche  discussed the attached fiscal  note. He                                                                    
stated  that the  fiscal  note was  from  the Department  of                                                                    
Revenue (DOR), Taxation and  Treasury was the appropriation,                                                                    
and the Tax  Division was the allocation.  The OMB component                                                                    
number was 2476. He remarked  that there was zero impact for                                                                    
FY  16 through  FY 21,  but  the FY  16 showed  a change  in                                                                    
revenues of  minus $5,000. The estimated  supplemental FY 15                                                                    
cost  was zero,  and the  estimated  capital for  FY 16  was                                                                    
zero.  The   fiscal  impact  was  intended   to  not  impact                                                                    
taxpayers. The  estimated loss of  general fund  revenue was                                                                    
due to  a decrease in tax  penalty and interest as  a result                                                                    
of filing and  on-time payments. The timely  pay credit loss                                                                    
was estimated at $2,500, and  the estimated penalty loss was                                                                    
estimated at $2,500, with interest less than $50.                                                                               
                                                                                                                                
Vice-Chair Micciche MOVED  to REPORT SB 33  out of committee                                                                    
with individual recommendations  and the accompanying fiscal                                                                    
note. There being NO OBJECTION, it was so ordered.                                                                              
                                                                                                                                
SB  33  was REPORTED  out  of  committee  with a  "do  pass"                                                                    
recommendation and  with a new  fiscal impact note  from the                                                                    
Department of Revenue.                                                                                                          
                                                                                                                                
1:44:56 PM                                                                                                                    
AT EASE                                                                                                                         
                                                                                                                                
1:46:56 PM                                                                                                                    
RECONVENED                                                                                                                      
                                                                                                                                
Co-Chair MacKinnon discussed the following day's agenda.                                                                        
                                                                                                                                
Co-Chair Kelly queried the session's total fiscal impact.                                                                       
                                                                                                                                
Co-Chair MacKinnon responded that, until the passage of SB                                                                      
33, there had been zero fiscal impact.                                                                                          
                                                                                                                                
Vice-Chair Micciche felt that SB 33 should not be                                                                               
considered of great fiscal impact, because it would                                                                             
streamline payments.                                                                                                            
                                                                                                                                

Document Name Date/Time Subjects
SB32 Supporting Document - Letter of Support Alaska Board of Forestry.pdf SFIN 3/26/2015 1:30:00 PM
SB 32