00                             SENATE BILL NO. 245                                                                         
01 "An Act relating to the salmon product development tax credit; and providing for an                                     
02 effective date by amending an effective date in sec. 7, ch. 57, SLA 2003, as amended by                                 
03 sec. 4, ch. 3, SLA 2006, and by sec. 4, ch. 8, SLA 2008."                                                               
04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
05    * Section 1. AS 43.75.035(b) is amended to read:                                                                   
06            (b)  The amount of the tax credit applied against taxes under this section may                               
07       not                                                                                                               
08                 (1)  exceed 50 percent of the taxpayer's tax liability incurred under this                              
09       chapter for processing of salmon during the tax year; or                                                          
10                 (2)  be claimed for property first placed into service after December 31,                               
11       2015 [2011].                                                                                                  
12    * Sec. 2. Section 7, ch. 57, SLA 2003, as amended by sec. 4, ch. 3, SLA 2006, and by sec. 4,                       
13 ch. 8, SLA 2008, is amended to read:                                                                                    
14            Sec. 7. Section 3, ch. 57, SLA 2003, [OF THIS ACT] takes effect on the                                   
01       earlier of the following:                                                                                         
02                 (1)  January 1, 2019 [2015]; or                                                                     
03                 (2)  the date of the attorney general's notification to the lieutenant                                  
04       governor and to the revisor of statutes that                                                                      
05                      (A)  a court has entered final judgment that AS 43.75.035 or                                       
06            43.75.036, added by sec. 1, ch. 57, SLA 2003, violates the commerce clause                                   
07            contained in art. I, sec. 8, United States Constitution; and                                                 
08                      (B)  the time for an appeal of that judgment has expired, or, if                                   
09            an appeal was taken, a final order on the appeal has been entered that                                       
10            AS 43.75.035 or 43.75.036, added by sec. 1, ch. 57, SLA 2003, violates the                                   
11            commerce clause contained in the United States Constitution.