HB 133:  DEFINITION OF VALUE FOR FISHERIES TAX                                
                                                                               
 CHAIRMAN CARL MOSES called the meeting to order at 9:34 a.m.                  
 He noted all members in attendance and asked that discussion                  
 start with HB 133 and then move on to HB 134.                                 
                                                                               
 PAUL DICK, JUNEAU OPERATIONS, INCOME AND EXCISE AUDIT                         
 DIVISION, DEPARTMENT OF REVENUE, stated that HB 133                           
 clarified the value of fisheries that was the basis for                       
 calculating fish tax and salmon enhancement tax.  This was a                  
 carryover from 1992's HB 8.                                                   
                                                                               
 RAY GILLESPIE, LOBBYIST, CITY OF UNALASKA, stated the four                    
 regional aquaculture associations unanimously supported HB                    
 133.                                                                          
                                                                               
 REPRESENTATIVE GAIL PHILLIPS advised that she sponsored the                   
 bill last year (HB 8), which was basically an attempt to                      
 close up loopholes in the taxing of the fish tax.  The House                  
 passed HB 8 and it made it to the Senate, but time                            
 limitations made it die on the floor, she noted.                              
                                                                               
 REPRESENTATIVE IRENE NICHOLIA MOTIONED to move HB 133 out of                  
 committee, with the fiscal note.                                              
                                                                               
 REPRESENTATIVE HARLEY OLBERG SECONDED the motion.                             
                                                                               
 HB 133 MOVED out of committee with a do pass recommendation.