HOUSE BILL NO. 115                                                                                                            
                                                                                                                                
     "An  Act  relating  to  the  permanent  fund  dividend;                                                                    
     relating  to the  appropriation of  certain amounts  of                                                                    
     the earnings reserve account;  relating to the taxation                                                                    
     of  income  of  individuals;   relating  to  a  payment                                                                    
     against the  individual income  tax from  the permanent                                                                    
     fund  dividend  disbursement;   repealing  tax  credits                                                                    
     applied  against  the  tax  on  individuals  under  the                                                                    
     Alaska  Net  Income  Tax  Act;  and  providing  for  an                                                                    
     effective date."                                                                                                           
                                                                                                                                
1:36:20 PM                                                                                                                    
                                                                                                                                
Co-Chair Seaton announced that the  committee would not hear                                                                    
any presentations  or take any  action on HB 115  during the                                                                    
meeting. He  made members aware  of six amendments  in their                                                                    
bill packets  related to the  Permanent Fund section  of the                                                                    
bill. He relayed that the  amendments would not be discussed                                                                    
that day.                                                                                                                       
                                                                                                                                
HB 115 was HEARD and HELD in committee for further                                                                              
consideration.