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30th Legislature(2017-2018)

Bill Text 30th Legislature


00 Enrolled HB 233                                                                                                         
01 Relating to the insurance tax education credit, the income tax education credit, the oil or gas                         
02 producer education credit, the property tax education credit, the mining business education                             
03 credit, the fisheries business education credit, and the fisheries resource landing tax education                       
04 credit; providing for an effective date by repealing the effective dates of secs. 3, 5, 7, 10, 14,                      
05 16, 18, 21, 23, 25, 28, 30, 32, 35, 37, 39, 42, 44, 46, 49, 51, 53, and 55, ch. 92, SLA 2010,                           
06 sec. 14, ch. 7, FSSLA 2011, secs. 15, 17, 19, 21, 23, and 25, ch. 74, SLA 2012, sec. 49, ch.                            
07 14, SLA 2014, secs. 37, 40, 43, and 46, ch. 15, SLA 2014, and secs. 26 and 31, ch. 61, SLA                              
08 2014; providing for an effective date by amending the effective date of secs. 1, 2, and 21, ch.                         
09 61, SLA 2014; and providing for an effective date.                                                                      
10                           _______________                                                                               
11    * Section 1. AS 21.96.070(a) is amended to read:                                                                     
01            (a)  A taxpayer is allowed a credit against the tax due under AS 21.09.210 or                                
02       AS 21.66.110 for [CASH] contributions of cash or equipment accepted                                             
03 (1)  for direct instruction, research, and educational support purposes,                                                
04 including library and museum acquisitions, and contributions to endowment, by an                                        
05 Alaska university foundation or by a nonprofit, public or private, Alaska two-year or                                   
06       four-year college accredited by a national or regional accreditation association;                               
07                 (2)  for secondary school level vocational education courses, programs,                                 
08       and facilities by a school district in the state;                                                                 
09                 (3)  for vocational education courses, programs, and facilities by a                                    
10       state-operated vocational technical education and training school;                                                
11 (4)  for a facility [OR AN ANNUAL INTERCOLLEGIATE SPORTS                                                                
12 TOURNAMENT] by a nonprofit, public or private, Alaska two-year or four-year                                             
13       college accredited by a national or regional accreditation association;                                         
14 (5)  for Alaska Native cultural or heritage programs and educational                                                    
15 support, including mentoring and tutoring, provided by a nonprofit agency for public                                    
16 school staff and for students who are in grades kindergarten through 12 in the state;                                   
17       and                                                                                                               
18 (6)  for education, research, rehabilitation, and facilities by an                                                      
19 institution that is located in the state and that qualifies as a coastal ecosystem learning                             
20       center under the Coastal America Partnership established by the federal government.                               
21    * Sec. 2. AS 21.96.070(b) is amended to read:                                                                        
22            (b)  The amount of the credit is [AN AMOUNT EQUAL TO]                                                        
23                 (1)  50 percent of contributions of not more than $100,000;                                             
24                 (2)  75 [100] percent of the next $200,000 of contributions; and                                      
25                 (3)  50 percent of the amount of contributions that exceed $300,000.                                    
26    * Sec. 3. AS 21.96.070(b), as amended by sec. 2 of this Act, is amended to read:                                     
27            (b)  The amount of the credit is                                                                             
28                 [(1)]  50 percent of contributions [OF NOT MORE THAN $100,000;                                          
29 (2)  75 PERCENT OF THE NEXT $200,000 OF CONTRIBUTIONS;                                                                  
30       AND                                                                                                               
31 (3)  50 PERCENT OF THE AMOUNT OF CONTRIBUTIONS THAT                                                                     
01       EXCEED $300,000].                                                                                                 
02    * Sec. 4. AS 21.96.070(d) is amended to read:                                                                        
03            (d)  A contribution claimed as a credit under this section may not                                           
04                 (1)  be the basis for a credit claimed under another [MORE THAN                                       
05       ONE] provision of this title; and                                                                                 
06 (2)  when combined with contributions that are the basis for credits                                                    
07 taken during the taxpayer's tax year under AS 21.96.075, AS 43.20.014,                                                  
08 AS 43.55.019, AS 43.56.018, AS 43.65.018, AS 43.75.018, or AS 43.77.045, result in                                      
09 the total amount of credits exceeding $1,000,000 [$5,000,000]; if the taxpayer is a                                   
10 member of an affiliated group, then the total amount of credits may not exceed                                          
11 $1,000,000 [$5,000,000] for the affiliated group; in this paragraph, "affiliated group"                               
12       has the meaning given in AS 43.20.145.                                                                            
13    * Sec. 5. AS 21.96.070 is amended by adding a new subsection to read:                                                
14 (g)  To qualify for a credit under this section, equipment must be appraised                                            
15 consistent with regulations adopted by the Department of Revenue to determine the                                       
16       value of the contribution for purposes of this section.                                                           
17    * Sec. 6. AS 43.20.014(a) is amended to read:                                                                        
18 (a)  A taxpayer is allowed a credit against the tax due under this chapter for                                          
19       [CASH] contributions of cash or equipment accepted for                                                          
20 (1)  direct instruction, research, and educational support purposes,                                                    
21 including library and museum acquisitions, and contributions to endowment, by an                                        
22 Alaska university foundation, by a nonprofit, public or private, Alaska two-year or                                     
23 four-year college accredited by a national or regional accreditation association, or by                               
24       a public or private nonprofit elementary or secondary school in the state;                                        
25 (2)  secondary school level vocational education courses, programs, and                                                 
26       facilities by a school district in the state;                                                                     
27 (3)  vocational education courses, programs, equipment, and facilities                                                  
28 by a state-operated vocational technical education and training school, a nonprofit                                     
29 regional training center recognized by the Department of Labor and Workforce                                            
30 Development, and an apprenticeship program in the state that is registered with the                                     
31 United States Department of Labor under 29 U.S.C. 50 - 50b (National Apprenticeship                                     
01       Act);                                                                                                             
02                 (4)  a facility by a nonprofit, public or private, Alaska two-year or four-                             
03       year college accredited by a national or regional accreditation association or by a                             
04       public or private nonprofit elementary or secondary school in the state;                                          
05                 (5)  Alaska Native cultural or heritage programs and educational                                        
06       support, including mentoring and tutoring, provided by a nonprofit agency for public                              
07       school staff and for students who are in grades kindergarten through 12 in the state;                             
08                 (6)  education, research, rehabilitation, and facilities by an institution                              
09       that is located in the state and that qualifies as a coastal ecosystem learning center                            
10       under the Coastal America Partnership established by the federal government;                                      
11                 (7)  the Alaska higher education investment fund under AS 37.14.750;                                    
12 (8)  funding a scholarship awarded by a nonprofit organization to a                                                     
13       dual-credit student to defray the cost of a dual-credit course, including the cost of                             
14                      (A)  tuition and textbooks;                                                                        
15                      (B)  registration, course, and programmatic student fees;                                          
16 (C)  on-campus room and board at the postsecondary institution                                                          
17            in the state that provides the dual-credit course;                                                           
18 (D)  transportation costs to and from a residential school                                                              
19 approved by the Department of Education and Early Development under                                                     
20 AS 14.16.200 or the postsecondary school in the state that provides the dual-                                           
21            credit course; and                                                                                           
22                      (E)  other related educational and programmatic costs;                                             
23 (9)  constructing, operating, or maintaining a residential housing                                                      
24 facility by a residential school in the state approved by the Department of Education                                   
25       and Early Development under AS 14.16.200;                                                                         
26 (10)  childhood early learning and development programs and                                                             
27 educational support to childhood early learning and development programs provided                                       
28 by a nonprofit corporation organized under AS 10.20, a tribal entity, or a school                                       
29 district in the state, by the Department of Education and Early Development, or                                         
30       through a state grant;                                                                                            
31 (11)  science, technology, engineering, and math programs provided by                                                   
01       a nonprofit agency or a school district for school staff and for students in grades                               
02       kindergarten through 12 in the state; and                                                                         
03 (12)  the operation of a nonprofit organization dedicated to providing                                                  
04 educational opportunities that promote the legacy of public service contributions to the                                
05 state and perpetuate ongoing educational programs that foster public service                                            
06       leadership for future generations of residents of the state.                                                      
07    * Sec. 7. AS 43.20.014(b) is amended to read:                                                                        
08            (b)  The amount of the credit is                                                                             
09                 (1)  50 percent of contributions of not more than $100,000;                                             
10                 (2)  75 [100] percent of the next $200,000 of contributions; and                                      
11                 (3)  50 percent of the amount of contributions that exceed $300,000.                                    
12    * Sec. 8. AS 43.20.014(b), as amended by sec. 7 of this Act, is amended to read:                                     
13            (b)  The amount of the credit is                                                                             
14                 [(1)]  50 percent of contributions [OF NOT MORE THAN $100,000;                                          
15 (2)  75 PERCENT OF THE NEXT $200,000 OF CONTRIBUTIONS;                                                                  
16       AND                                                                                                               
17 (3)  50 PERCENT OF THE AMOUNT OF CONTRIBUTIONS THAT                                                                     
18       EXCEED $300,000].                                                                                                 
19    * Sec. 9. AS 43.20.014(d) is amended to read:                                                                        
20            (d)  A contribution claimed as a credit under this section may not                                           
21 (1)  be the basis for a credit claimed under another provision of this                                                  
22       title;                                                                                                            
23 (2)  also be allowed as a deduction under 26 U.S.C. 170 against the tax                                                 
24       imposed by this chapter; and                                                                                      
25 (3)  when combined with contributions that are the basis for credits                                                    
26 taken during the taxpayer's tax year under AS 21.96.070, 21.96.075, AS 43.55.019,                                       
27 AS 43.56.018, AS 43.65.018, AS 43.75.018, or AS 43.77.045, result in the total                                          
28 amount of credits exceeding $1,000,000 [$5,000,000]; if the taxpayer is a member of                                   
29 an affiliated group, then the total amount of credits may not exceed $1,000,000                                       
30 [$5,000,000] for the affiliated group; in this paragraph, "affiliated group" has the                                    
31       meaning given in AS 43.20.145.                                                                                    
01    * Sec. 10. AS 43.20.014 is amended by adding a new subsection to read:                                               
02            (g)  To qualify for a credit under this section, equipment must be appraised                                 
03       consistent with regulations adopted by the department to determine the value of the                               
04       contribution for purposes of this section.                                                                        
05    * Sec. 11. AS 43.55.019(a) is amended to read:                                                                       
06            (a)  A producer of oil or gas is allowed a credit against the tax levied by                                  
07       AS 43.55.011(e) for [CASH] contributions of cash or equipment accepted for                                      
08                 (1)  direct instruction, research, and educational support purposes,                                    
09       including library and museum acquisitions, and contributions to endowment, by an                                  
10 Alaska university foundation or by a nonprofit, public or private, Alaska two-year or                                   
11       four-year college accredited by a national or regional accreditation association;                               
12 (2)  secondary school level vocational education courses, programs, and                                                 
13       facilities by a school district in the state;                                                                     
14 (3)  vocational education courses, programs, equipment, and facilities                                                  
15 by a state-operated vocational technical education and training school, a nonprofit                                     
16 regional training center recognized by the Department of Labor and Workforce                                            
17 Development, and an apprenticeship program in the state that is registered with the                                     
18 United States Department of Labor under 29 U.S.C. 50 - 50b (National Apprenticeship                                     
19       Act);                                                                                                             
20 (4)  a facility [OR AN ANNUAL INTERCOLLEGIATE SPORTS                                                                    
21 TOURNAMENT] by a nonprofit, public or private, Alaska two-year or four-year                                             
22       college accredited by a national or regional accreditation association;                                         
23 (5)  Alaska Native cultural or heritage programs and educational                                                        
24 support, including mentoring and tutoring, provided by a nonprofit agency for public                                    
25       school staff and for students who are in grades kindergarten through 12 in the state;                             
26 (6)  education, research, rehabilitation, and facilities by an institution                                              
27 that is located in the state and that qualifies as a coastal ecosystem learning center                                  
28       under the Coastal America Partnership established by the federal government; and                                  
29                 (7)  the Alaska higher education investment fund under AS 37.14.750.                                    
30    * Sec. 12. AS 43.55.019(b) is amended to read:                                                                       
31            (b)  The amount of the credit is                                                                             
01                 (1)  50 percent of contributions of not more than $100,000;                                             
02                 (2)  75 [100] percent of the next $200,000 of contributions; and                                      
03                 (3)  50 percent of the amount of contributions that exceed $300,000.                                    
04    * Sec. 13. AS 43.55.019(b), as amended by sec. 12 of this Act, is amended to read:                                   
05            (b)  The amount of the credit is                                                                             
06                 [(1)]  50 percent of contributions [OF NOT MORE THAN $100,000;                                          
07                 (2)  75 PERCENT OF THE NEXT $200,000 OF CONTRIBUTIONS;                                                  
08       AND                                                                                                               
09                 (3)  50 PERCENT OF THE AMOUNT OF CONTRIBUTIONS THAT                                                     
10       EXCEED $300,000].                                                                                                 
11    * Sec. 14. AS 43.55.019(d) is amended to read:                                                                       
12            (d)  A contribution claimed as a credit under this section may not                                           
13 (1)  be the basis for a credit claimed under another provision of this                                                  
14       title; and                                                                                                        
15 (2)  when combined with contributions that are the basis for credits                                                    
16 taken during the taxpayer's tax year under AS 21.96.070, 21.96.075, AS 43.20.014,                                       
17 AS 43.56.018, AS 43.65.018, AS 43.75.018, or AS 43.77.045, result in the total                                          
18 amount of credits exceeding $1,000,000 [$5,000,000]; if the taxpayer is a member of                                   
19 an affiliated group, then the total amount of credits may not exceed $1,000,000                                       
20 [$5,000,000] for the affiliated group; in this paragraph, "affiliated group" has the                                    
21       meaning given in AS 43.20.145.                                                                                    
22    * Sec. 15. AS 43.55.019 is amended by adding a new subsection to read:                                               
23 (h)  To qualify for a credit under this section, equipment must be appraised                                            
24 consistent with regulations adopted by the department to determine the value of the                                     
25       contribution for purposes of this section.                                                                        
26    * Sec. 16. AS 43.56.018(a) is amended to read:                                                                       
27 (a)  The owner of property taxable under this chapter is allowed a credit                                               
28 against the tax due under this chapter for [CASH] contributions of cash or equipment                                  
29       accepted for                                                                                                      
30 (1)  direct instruction, research, and educational support purposes,                                                    
31 including library and museum acquisitions, and contributions to endowment, by an                                        
01       Alaska university foundation or by a nonprofit, public or private, Alaska two-year or                             
02       four-year college accredited by a national or regional accreditation association;                               
03                 (2)  secondary school level vocational education courses, programs, and                                 
04       facilities by a school district in the state;                                                                     
05                 (3)  vocational education courses, programs, and facilities by a state-                                 
06       operated vocational technical education and training school;                                                      
07                 (4)  a facility [OR AN ANNUAL INTERCOLLEGIATE SPORTS                                                    
08       TOURNAMENT] by a nonprofit, public or private, Alaska two-year or four-year                                       
09       college accredited by a national or regional accreditation association;                                         
10 (5)  Alaska Native cultural or heritage programs and educational                                                        
11 support, including mentoring and tutoring, provided by a nonprofit agency for public                                    
12       school staff and for students who are in grades kindergarten through 12 in the state;                             
13 (6)  education, research, rehabilitation, and facilities by an institution                                              
14 that is located in the state and that qualifies as a coastal ecosystem learning center                                  
15       under the Coastal America Partnership established by the federal government; and                                  
16                 (7)  the Alaska higher education investment fund under AS 37.14.750.                                    
17    * Sec. 17. AS 43.56.018(b) is amended to read:                                                                       
18            (b)  The amount of the credit is                                                                             
19                 (1)  50 percent of contributions of not more than $100,000;                                             
20                 (2)  75 [100] percent of the next $200,000 of contributions; and                                      
21                 (3)  50 percent of the amount of contributions that exceed $300,000.                                    
22    * Sec. 18. AS 43.56.018(b), as amended by sec. 17 of this Act, is amended to read:                                   
23            (b)  The amount of the credit is                                                                             
24                 [(1)]  50 percent of contributions [OF NOT MORE THAN $100,000;                                          
25 (2)  75 PERCENT OF THE NEXT $200,000 OF CONTRIBUTIONS;                                                                  
26       AND                                                                                                               
27 (3)  50 PERCENT OF THE AMOUNT OF CONTRIBUTIONS THAT                                                                     
28       EXCEED $300,000].                                                                                                 
29    * Sec. 19. AS 43.56.018(d) is amended to read:                                                                       
30            (d)  A contribution claimed as a credit under this section may not                                           
31 (1)  be the basis for a credit claimed under another provision of this                                                  
01       title; and                                                                                                        
02 (2)  when combined with contributions that are the basis for credits                                                    
03 taken during the taxpayer's tax year under AS 21.96.070, 21.96.075, AS 43.20.014,                                       
04 AS 43.55.019, AS 43.65.018, AS 43.75.018, or AS 43.77.045, result in the total                                          
05 amount of credits exceeding $1,000,000 [$5,000,000]; if the taxpayer is a member of                                   
06 an affiliated group, then the total amount of credits may not exceed $1,000,000                                       
07 [$5,000,000] for the affiliated group; in this paragraph, "affiliated group" has the                                    
08       meaning given in AS 43.20.145.                                                                                    
09    * Sec. 20. AS 43.56.018 is amended by adding a new subsection to read:                                               
10 (g)  To qualify for a credit under this section, equipment must be appraised                                            
11 consistent with regulations adopted by the department to determine the value of the                                     
12       contribution for purposes of this section.                                                                        
13    * Sec. 21. AS 43.65.018(a) is amended to read:                                                                       
14 (a)  A person engaged in the business of mining in the state is allowed a credit                                        
15 against the tax due under this chapter for [CASH] contributions of cash or equipment                                  
16       accepted for                                                                                                      
17 (1)  direct instruction, research, and educational support purposes,                                                    
18 including library and museum acquisitions, and contributions to endowment, by an                                        
19 Alaska university foundation, by a nonprofit, public or private, Alaska two-year or                                     
20 four-year college accredited by a national or regional accreditation association, or by                               
21       a public or private nonprofit elementary or secondary school in the state;                                        
22 (2)  secondary school level vocational education courses, programs, and                                                 
23       facilities by a school district in the state;                                                                     
24 (3)  vocational education courses, programs, and facilities by a state-                                                 
25       operated vocational technical education and training school;                                                      
26 (4)  a facility by a nonprofit, public or private, Alaska two-year or four-                                             
27 year college accredited by a national or regional accreditation association or by a                                   
28       public or private nonprofit elementary or secondary school in the state;                                          
29 (5)  Alaska Native cultural or heritage programs and educational                                                        
30 support, including mentoring and tutoring, provided by a nonprofit agency for public                                    
31       school staff and for students who are in grades kindergarten through 12 in the state;                             
01                 (6)  education, research, rehabilitation, and facilities by an institution                              
02       that is located in the state and that qualifies as a coastal ecosystem learning center                            
03       under the Coastal America Partnership established by the federal government;                                      
04                 (7)  the Alaska higher education investment fund under AS 37.14.750;                                    
05                 (8)  funding a scholarship awarded by a nonprofit organization to a                                     
06       dual-credit student to defray the cost of a dual-credit course, including the cost of                             
07                      (A)  tuition and textbooks;                                                                        
08                      (B)  registration, course, and programmatic student fees;                                          
09                      (C)  on-campus room and board at the postsecondary institution                                     
10            in the state that provides the dual-credit course;                                                           
11 (D)  transportation costs to and from a residential school                                                              
12 approved by the Department of Education and Early Development under                                                     
13 AS 14.16.200 or the postsecondary school in the state that provides the dual-                                           
14            credit course; and                                                                                           
15                      (E)  other related educational and programmatic costs;                                             
16 (9)  constructing, operating, or maintaining a residential housing                                                      
17 facility by a residential school approved by the Department of Education and Early                                      
18       Development under AS 14.16.200;                                                                                   
19 (10)  childhood early learning and development programs and                                                             
20 educational support to childhood early learning and development programs provided                                       
21 by a nonprofit corporation organized under AS 10.20, a tribal entity, or a school                                       
22 district in the state, by the Department of Education and Early Development, or                                         
23       through a state grant;                                                                                            
24 (11)  science, technology, engineering, and math programs provided by                                                   
25 a nonprofit agency or a school district for school staff and for students in grades                                     
26       kindergarten through 12 in the state; and                                                                         
27 (12)  the operation of a nonprofit organization dedicated to providing                                                  
28 educational opportunities that promote the legacy of public service contributions to the                                
29 state and perpetuate ongoing educational programs that foster public service                                            
30       leadership for future generations of residents of the state.                                                      
31    * Sec. 22. AS 43.65.018(b) is amended to read:                                                                       
01            (b)  The amount of the credit is                                                                             
02                 (1)  50 percent of contributions of not more than $100,000;                                             
03                 (2)  75 [100] percent of the next $200,000 of contributions; and                                      
04                 (3)  50 percent of the amount of contributions that exceed $300,000.                                    
05    * Sec. 23. AS 43.65.018(b), as amended by sec. 22 of this Act, is amended to read:                                   
06            (b)  The amount of the credit is                                                                             
07                 [(1)]  50 percent of contributions [OF NOT MORE THAN $100,000;                                          
08                 (2)  75 PERCENT OF THE NEXT $200,000 OF CONTRIBUTIONS;                                                  
09       AND                                                                                                               
10 (3)  50 PERCENT OF THE AMOUNT OF CONTRIBUTIONS THAT                                                                     
11       EXCEED $300,000].                                                                                                 
12    * Sec. 24. AS 43.65.018(d) is amended to read:                                                                       
13            (d)  A contribution claimed as a credit under this section may not                                           
14 (1)  be the basis for a credit claimed under another provision of this                                                  
15       title; and                                                                                                        
16 (2)  when combined with contributions that are the basis for credits                                                    
17 taken during the taxpayer's tax year under AS 21.96.070, 21.96.075, AS 43.20.014,                                       
18 AS 43.55.019, AS 43.56.018, AS 43.75.018, or AS 43.77.045, result in the total                                          
19 amount of the credits exceeding $1,000,000 [$5,000,000]; if the taxpayer is a member                                  
20 of an affiliated group, then the total amount of credits may not exceed $1,000,000                                    
21 [$5,000,000] for the affiliated group; in this paragraph, "affiliated group" has the                                    
22       meaning given in AS 43.20.145.                                                                                    
23    * Sec. 25. AS 43.65.018 is amended by adding a new subsection to read:                                               
24 (g)  To qualify for a credit under this section, equipment must be appraised                                            
25 consistent with regulations adopted by the department to determine the value of the                                     
26       contribution for purposes of this section.                                                                        
27    * Sec. 26. AS 43.75.018(a) is amended to read:                                                                       
28 (a)  A person engaged in a fisheries business is allowed a credit against the tax                                       
29       due under this chapter for [CASH] contributions of cash or equipment accepted for                               
30 (1)  direct instruction, research, and educational support purposes,                                                    
31 including library and museum acquisitions, and contributions to endowment, by an                                        
01       Alaska university foundation, by a nonprofit, public or private, Alaska two-year or                               
02       four-year college accredited by a national or regional accreditation association, or by                         
03       a public or private nonprofit elementary or secondary school in the state;                                        
04                 (2)  secondary school level vocational education courses, programs, and                                 
05       facilities by a school district in the state;                                                                     
06                 (3)  vocational education courses, programs, and facilities by a state-                                 
07       operated vocational technical education and training school;                                                      
08                 (4)  a facility by a nonprofit, public or private, Alaska two-year or four-                             
09       year college accredited by a national or regional accreditation association or by a                             
10       public or private nonprofit elementary or secondary school in the state;                                          
11 (5)  Alaska Native cultural or heritage programs and educational                                                        
12 support, including mentoring and tutoring, provided by a nonprofit agency for public                                    
13       school staff and for students who are in grades kindergarten through 12 in the state;                             
14 (6)  education, research, rehabilitation, and facilities by an institution                                              
15 that is located in the state and that qualifies as a coastal ecosystem learning center                                  
16       under the Coastal America Partnership established by the federal government;                                      
17                 (7)  the Alaska higher education investment fund under AS 37.14.750;                                    
18 (8)  funding a scholarship awarded by a nonprofit organization to a                                                     
19       dual-credit student to defray the cost of a dual-credit course, including the cost of                             
20                      (A)  tuition and textbooks;                                                                        
21                      (B)  registration, course, and programmatic student fees;                                          
22 (C)  on-campus room and board at the postsecondary institution                                                          
23            in the state that provides the dual-credit course;                                                           
24 (D)  transportation costs to and from a residential school                                                              
25 approved by the Department of Education and Early Development under                                                     
26 AS 14.16.200 or the postsecondary school in the state that provides the dual-                                           
27            credit course; and                                                                                           
28                      (E)  other related educational and programmatic costs;                                             
29 (9)  constructing, operating, or maintaining a residential housing                                                      
30 facility by a residential school approved by the Department of Education and Early                                      
31       Development under AS 14.16.200;                                                                                   
01 (10)  childhood early learning and development programs and                                                             
02 educational support to childhood early learning and development programs provided                                       
03 by a nonprofit corporation organized under AS 10.20, a tribal entity, or a school                                       
04 district in the state, by the Department of Education and Early Development, or                                         
05       through a state grant;                                                                                            
06 (11)  science, technology, engineering, and math programs provided by                                                   
07 a nonprofit agency or a school district for school staff and for students in grades                                     
08       kindergarten through 12 in the state; and                                                                         
09 (12)  the operation of a nonprofit organization dedicated to providing                                                  
10 educational opportunities that promote the legacy of public service contributions to the                                
11 state and perpetuate ongoing educational programs that foster public service                                            
12       leadership for future generations of residents of the state.                                                      
13    * Sec. 27. AS 43.75.018(b) is amended to read:                                                                       
14            (b)  The amount of the credit is                                                                             
15                 (1)  50 percent of contributions of not more than $100,000;                                             
16                 (2)  75 [100] percent of the next $200,000 of contributions; and                                      
17                 (3)  50 percent of the amount of contributions that exceed $300,000.                                    
18    * Sec. 28. AS 43.75.018(b), as amended by sec. 27 of this Act, is amended to read:                                   
19            (b)  The amount of the credit is                                                                             
20                 [(1)]  50 percent of contributions [OF NOT MORE THAN $100,000;                                          
21 (2)  75 PERCENT OF THE NEXT $200,000 OF CONTRIBUTIONS;                                                                  
22       AND                                                                                                               
23 (3)  50 PERCENT OF THE AMOUNT OF CONTRIBUTIONS THAT                                                                     
24       EXCEED $300,000].                                                                                                 
25    * Sec. 29. AS 43.75.018(d) is amended to read:                                                                       
26            (d)  A contribution claimed as a credit under this section may not                                           
27 (1)  be the basis for a credit claimed under another provision of this                                                  
28       title; and                                                                                                        
29 (2)  when combined with contributions that are the basis for credits                                                    
30 taken during the taxpayer's tax year under AS 21.96.070, 21.96.075, AS 43.20.014,                                       
31 AS 43.55.019, AS 43.56.018, AS 43.65.018, or AS 43.77.045, result in the total                                          
01 amount of the credits exceeding $1,000,000 [$5,000,000]; if the taxpayer is a member                                  
02 of an affiliated group, then the total amount of credits may not exceed $1,000,000                                    
03 [$5,000,000] for the affiliated group; in this paragraph, "affiliated group" has the                                    
04       meaning given in AS 43.20.145.                                                                                    
05    * Sec. 30. AS 43.75.018 is amended by adding a new subsection to read:                                               
06            (g)  To qualify for a credit under this section, equipment must be appraised                                 
07       consistent with regulations adopted by the department to determine the value of the                               
08       contribution for purposes of this section.                                                                        
09    * Sec. 31. AS 43.77.045(a) is amended to read:                                                                       
10 (a)  In addition to the credit allowed under AS 43.77.040, a person engaged in                                          
11 a floating fisheries business is allowed a credit against the tax due under this chapter                                
12       for [CASH] contributions of cash or equipment accepted for                                                      
13 (1)  direct instruction, research, and educational support purposes,                                                    
14 including library and museum acquisitions, and contributions to endowment, by an                                        
15 Alaska university foundation, by a nonprofit, public or private, Alaska two-year or                                     
16 four-year college accredited by a national or regional accreditation association, or by                               
17       a public or private nonprofit elementary or secondary school in the state;                                        
18 (2)  secondary school level vocational education courses, programs, and                                                 
19       facilities by a school district in the state;                                                                     
20 (3)  vocational education courses, programs, and facilities by a state-                                                 
21       operated vocational technical education and training school;                                                      
22 (4)  a facility by a nonprofit, public or private, Alaska two-year or four-                                             
23 year college accredited by a national or regional accreditation association or by a                                   
24       public or private nonprofit elementary or secondary school in the state;                                          
25 (5)  Alaska Native cultural or heritage programs and educational                                                        
26 support, including mentoring and tutoring, provided by a nonprofit agency for public                                    
27       school staff and for students who are in grades kindergarten through 12 in the state;                             
28 (6)  education, research, rehabilitation, and facilities by an institution                                              
29 that is located in the state and that qualifies as a coastal ecosystem learning center                                  
30       under the Coastal America Partnership established by the federal government;                                      
31                 (7)  the Alaska higher education investment fund under AS 37.14.750;                                    
01                 (8)  funding a scholarship awarded by a nonprofit organization to a                                     
02       dual-credit student to defray the cost of a dual-credit course, including the cost of                             
03                      (A)  tuition and textbooks;                                                                        
04                      (B)  registration, course, and programmatic student fees;                                          
05                      (C)  on-campus room and board at the postsecondary institution                                     
06            in the state that provides the dual-credit course;                                                           
07 (D)  transportation costs to and from a residential school                                                              
08 approved by the Department of Education and Early Development under                                                     
09 AS 14.16.200 or the postsecondary school in the state that provides the dual-                                           
10            credit course; and                                                                                           
11                      (E)  other related educational and programmatic costs;                                             
12 (9)  constructing, operating, or maintaining a residential housing                                                      
13 facility by a residential school approved by the Department of Education and Early                                      
14       Development under AS 14.16.200;                                                                                   
15 (10)  childhood early learning and development programs and                                                             
16 educational support to childhood early learning and development programs provided                                       
17 by a nonprofit corporation organized under AS 10.20, a tribal entity, or a school                                       
18 district in the state, by the Department of Education and Early Development, or                                         
19       through a state grant;                                                                                            
20 (11)  science, technology, engineering, and math programs provided by                                                   
21 a nonprofit agency or a school district for school staff and for students in grades                                     
22       kindergarten through 12 in the state; and                                                                         
23 (12)  the operation of a nonprofit organization dedicated to providing                                                  
24 educational opportunities that promote the legacy of public service contributions to the                                
25 state and perpetuate ongoing educational programs that foster public service                                            
26       leadership for future generations of residents of the state.                                                      
27    * Sec. 32. AS 43.77.045(a), as amended by sec. 31 of this Act, is amended to read:                                   
28 (a)  A [IN ADDITION TO THE CREDIT ALLOWED UNDER AS 43.77.040,                                                         
29 A] person engaged in a floating fisheries business is allowed a credit against the tax                                  
30       due under this chapter for contributions of cash or equipment accepted for                                        
31 (1)  direct instruction, research, and educational support purposes,                                                    
01 including library and museum acquisitions, and contributions to endowment, by an                                        
02 Alaska university foundation, by a nonprofit, public or private, Alaska two-year or                                     
03 four-year college accredited by a national or regional accreditation association, or by a                               
04       public or private nonprofit elementary or secondary school in the state;                                          
05                 (2)  secondary school level vocational education courses, programs, and                                 
06       facilities by a school district in the state;                                                                     
07                 (3)  vocational education courses, programs, and facilities by a state-                                 
08       operated vocational technical education and training school;                                                      
09                 (4)  a facility by a nonprofit, public or private, Alaska two-year or four-                             
10 year college accredited by a national or regional accreditation association or by a                                     
11       public or private nonprofit elementary or secondary school in the state;                                          
12 (5)  Alaska Native cultural or heritage programs and educational                                                        
13 support, including mentoring and tutoring, provided by a nonprofit agency for public                                    
14       school staff and for students who are in grades kindergarten through 12 in the state;                             
15 (6)  education, research, rehabilitation, and facilities by an institution                                              
16 that is located in the state and that qualifies as a coastal ecosystem learning center                                  
17       under the Coastal America Partnership established by the federal government;                                      
18                 (7)  the Alaska higher education investment fund under AS 37.14.750;                                    
19 (8)  funding a scholarship awarded by a nonprofit organization to a                                                     
20       dual-credit student to defray the cost of a dual-credit course, including the cost of                             
21                      (A)  tuition and textbooks;                                                                        
22                      (B)  registration, course, and programmatic student fees;                                          
23 (C)  on-campus room and board at the postsecondary institution                                                          
24            in the state that provides the dual-credit course;                                                           
25 (D)  transportation costs to and from a residential school                                                              
26 approved by the Department of Education and Early Development under                                                     
27 AS 14.16.200 or the postsecondary school in the state that provides the dual-                                           
28            credit course; and                                                                                           
29                      (E)  other related educational and programmatic costs;                                             
30 (9)  constructing, operating, or maintaining a residential housing                                                      
31 facility by a residential school approved by the Department of Education and Early                                      
01       Development under AS 14.16.200;                                                                                   
02 (10)  childhood early learning and development programs and                                                             
03 educational support to childhood early learning and development programs provided                                       
04 by a nonprofit corporation organized under AS 10.20, a tribal entity, or a school                                       
05 district in the state, by the Department of Education and Early Development, or                                         
06       through a state grant;                                                                                            
07                 (11)  science, technology, engineering, and math programs provided by                                   
08       a nonprofit agency or a school district for school staff and for students in grades                               
09       kindergarten through 12 in the state; and                                                                         
10 (12)  the operation of a nonprofit organization dedicated to providing                                                  
11 educational opportunities that promote the legacy of public service contributions to the                                
12 state and perpetuate ongoing educational programs that foster public service                                            
13       leadership for future generations of residents of the state.                                                      
14    * Sec. 33. AS 43.77.045(b) is amended to read:                                                                       
15            (b)  The amount of the credit is                                                                             
16                 (1)  50 percent of contributions of not more than $100,000;                                             
17                 (2)  75 [100] percent of the next $200,000 of contributions; and                                      
18                 (3)  50 percent of the amount of contributions that exceed $300,000.                                    
19    * Sec. 34. AS 43.77.045(b), as amended by sec. 33 of this Act, is amended to read:                                   
20            (b)  The amount of the credit is                                                                             
21                 [(1)]  50 percent of contributions [OF NOT MORE THAN $100,000;                                          
22 (2)  75 PERCENT OF THE NEXT $200,000 OF CONTRIBUTIONS;                                                                  
23       AND                                                                                                               
24 (3)  50 PERCENT OF THE AMOUNT OF CONTRIBUTIONS THAT                                                                     
25       EXCEED $300,000].                                                                                                 
26    * Sec. 35. AS 43.77.045(d) is amended to read:                                                                       
27            (d)  A contribution claimed as a credit under this section may not                                           
28 (1)  be the basis for a credit claimed under another provision of this                                                  
29       title; and                                                                                                        
30 (2)  when combined with contributions that are the basis for credits                                                    
31 taken during the taxpayer's tax year under AS 21.96.070, 21.96.075, AS 43.20.014,                                       
01 AS 43.55.019, AS 43.56.018, AS 43.65.018, or AS 43.75.018, result in the total                                          
02 amount of the credits exceeding $1,000,000 [$5,000,000]; if the taxpayer is a member                                  
03 of an affiliated group, then the total amount of credits may not exceed $1,000,000                                    
04 [$5,000,000] for the affiliated group; in this paragraph, "affiliated group" has the                                    
05       meaning given in AS 43.20.145.                                                                                    
06    * Sec. 36. AS 43.77.045 is amended by adding a new subsection to read:                                               
07            (g)  To qualify for a credit under this section, equipment must be appraised                                 
08       consistent with regulations adopted by the department to determine the value of the                               
09       contribution for purposes of this section.                                                                        
10    * Sec. 37. Sections 3, 5, 7, 10, 14, 16, 18, 21, 23, 25, 28, 30, 32, 35, 37, 39, 42, 44, 46, 49,                     
11 51, 53, and 55, ch. 92, SLA 2010, sec. 14, ch. 7, FSSLA 2011, secs. 15, 17, 19, 21, 23, and                             
12 25, ch. 74, SLA 2012, sec. 49, ch. 14, SLA 2014, secs. 37, 40, 43, and 46, ch. 15, SLA 2014,                            
13 and secs. 26 and 31, ch. 61, SLA 2014, are repealed.                                                                    
14    * Sec. 38. The uncodified law of the State of Alaska is amended by adding a new section to                           
15 read:                                                                                                                   
16 REVISOR'S INSTRUCTIONS. (a) In reconciling the repeal of AS 21.06.110(9) and                                            
17 AS 21.09.210(j) in sec. 1 of CSHB 97(STA), Thirtieth Alaska State Legislature, and the                                  
18 extension of the repeal of AS 21.96.070 in sec. 40 of this Act, the revisor of statutes shall                           
19 ignore the repeals of AS 21.06.110(9) and AS 21.09.210(j) in CSHB 97(STA) and instead                                   
20 amend AS 21.06.110(9) and AS 21.09.210(j) to remove the cross references to AS 21.96.075,                               
21 repealed by sec. 1 of CSHB 97(STA).                                                                                     
22 (b)  If CSHB 97(STA) is enacted into law, the revisor of statutes shall treat the                                       
23 removal of the cross references to AS 21.96.070 in AS 21.06.110(9) and AS 21.09.210(j) by                               
24 secs. 1 and 2, ch. 61, SLA 2014, as a repeal of AS 21.06.110(9) and AS 21.09.210(j).                                    
25    * Sec. 39. Section 57, ch. 92, SLA 2010, sec. 15, ch. 7, FSSLA 2011, sec. 32, ch. 74, SLA                            
26 2012, sec. 82, ch. 14, SLA 2014, and sec. 61, ch. 15, SLA 2014, are repealed.                                           
27    * Sec. 40. Section 37, ch. 61, SLA 2014, is amended to read:                                                         
28 Sec. 37. Sections 1, 2, and [15, 18,] 21 [, 24, 26, AND 31] of this Act take                                          
29       effect January 1, 2025 [DECEMBER 31, 2018].                                                                     
30    * Sec. 41. Sections 1, 2, 4 - 7, 9 - 12, 14 - 17, 19 - 22, 24 - 27, 29 - 31, 33, 35, and 36 of this                  
31 Act take effect January 1, 2019.                                                                                        
01    * Sec. 42. Section 32 of this Act takes effect on the effective date of sec. 23, ch. 61, SLA                         
02 2014.                                                                                                                   
03    * Sec. 43. Sections 3, 8, 13, 18, 23, 28, and 34 of this Act take effect January 1, 2021.                            
04    * Sec. 44. Except as provided in secs. 41 - 43 of this Act, this Act takes effect immediately                        
05 under AS 01.10.070(c).                                                                                                  
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