HOUSE BILL 73 "An Act relating to state and local taxation and other state regulation as affected by the Alaska Native Claims Settlement Act, as amended, and related federal statutes; and providing for an effective date." Co-Chair MacLean provided the Committee with a memorandum to Co-Chair Larson regarding "waiving" of HB 73. [Attachment with federal amendments made to the Alaska Native Settlement Act (ANCSA) in 1991. Representative Martin asked if the change would affect only corporation property. Co-Chair MacLean stated HB 73 would affect corporation and village corporation property; also homeowners property which they own for a twenty year period would be taxed under this federal law. Representative Martin asked at which point would it become individual property. Co-Chair MacLean explained the property would become taxable once it becomes "double-up". This law is already in existence. Co-Chair Larson MOVED TO WAIVE HB 73 to the next committee of referral. There being NO OBJECTIONS, it was so ordered.