SB 223: "An Act authorizing credits against certain taxes for contributions for public broadcasting purposes; and providing for an effective date."
00SENATE BILL NO. 223 01 "An Act authorizing credits against certain taxes for contributions for public 02 broadcasting purposes; and providing for an effective date." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. AS 43.20 is amended by adding a new section to read: 05 Sec. 43.20.018. PUBLIC BROADCASTING CONTRIBUTIONS CREDIT. 06 (a) For cash contributions accepted by a private nonprofit corporation that is licensed 07 as a public broadcasting station in the state, a taxpayer making the contribution is 08 allowed as a credit against the tax due under this chapter 09 (1) 50 percent of contributions of not more than $100,000; and 10 (2) 100 percent of the next $100,000 of contributions. 11 (b) By September 30 of each year, the department shall report to the 12 Legislative Budget and Audit Committee on the credits taken under this section. 13 (c) A contribution claimed as a credit under this section 14 (1) may not be claimed as a credit under another provision of this title;
01 (2) may not also be allowed as a deduction under 26 U.S.C. 170 against 02 the tax imposed by this chapter; and 03 (3) may not, when combined with credits taken during the taxpayer's 04 tax year under AS 43.55.021, AS 43.56.019, AS 43.65.019, or AS 43.75.019, exceed 05 $150,000. 06 * Sec. 2. AS 43.55 is amended by adding a new section to read: 07 Sec. 43.55.021. PUBLIC BROADCASTING CONTRIBUTIONS CREDIT. 08 (a) For cash contributions accepted by a nonprofit corporation that is licensed as a 09 public broadcasting station in the state, a producer of oil or gas making the 10 contribution is allowed as a credit against the tax due under this chapter 11 (1) 50 percent of contributions of not more than $100,000; and 12 (2) 100 percent of the next $100,000 of contributions. 13 (b) By September 30 of each year, the Department of Revenue shall report to 14 the Legislative Budget and Audit Committee on the credits taken under this section. 15 (c) A contribution claimed as a credit under this section may not 16 (1) be claimed as a credit under another provision of this title; and 17 (2) when combined with credits taken during the taxpayer's tax year 18 under AS 43.20.018, AS 43.56.019, AS 43.65.019, or AS 43.75.019, exceed $150,000. 19 (d) The department may, by regulation, establish procedures by which a 20 taxpayer may allocate a pro rata share of a credit claimed under this section against 21 monthly tax payments made during the tax year. 22 * Sec. 3. AS 43.56 is amended by adding a new section to read: 23 Sec. 43.56.019. PUBLIC BROADCASTING CONTRIBUTIONS CREDIT. 24 (a) For cash contributions accepted by a nonprofit corporation that is licensed as a 25 public broadcasting station in the state, the owner of property taxable under this 26 chapter making the contribution is allowed as a credit against the tax due under this 27 chapter 28 (1) 50 percent of contributions of not more than $100,000; and 29 (2) 100 percent of the next $100,000 of contributions. 30 (b) By September 30 of each year, the department shall report to the 31 Legislative Budget and Audit Committee on the credits taken under this section.
01 (c) A contribution claimed as a credit under this section may not 02 (1) be claimed as a credit under another provision of this title; and 03 (2) when combined with credits taken during the taxpayer's tax year 04 under AS 43.20.018, AS 43.55.021, AS 43.65.019, or AS 43.75.019, exceed $150,000. 05 (d) The department may, by regulation, establish procedures by which a 06 taxpayer may allocate a pro rata share of a credit claimed under this section against 07 monthly tax payments made during the tax year. 08 * Sec. 4. AS 43.65 is amended by adding a new section to read: 09 Sec. 43.65.019. PUBLIC BROADCASTING CONTRIBUTIONS CREDIT. 10 (a) For cash contributions accepted by a private nonprofit corporation that is licensed 11 as a public broadcasting station in the state, a person engaged in the business of 12 mining in the state making the contribution is allowed as a credit against the tax due 13 under this chapter 14 (1) 50 percent of contributions of not more than $100,000; and 15 (2) 100 percent of the next $100,000 of contributions. 16 (b) By September 30 of each year, the department shall report to the 17 Legislative Budget and Audit Committee on the credits taken under this section. 18 (c) A contribution claimed as a credit under this section may not 19 (1) be claimed as a credit under another provision of this title; and 20 (2) when combined with credits taken during the taxpayer's tax year 21 under AS 43.20.018, AS 43.55.021, AS 43.56.019, or AS 43.75.019, exceed $150,000. 22 * Sec. 5. AS 43.75 is amended by adding a new section to read: 23 Sec. 43.75.019. PUBLIC BROADCASTING CONTRIBUTIONS CREDIT. 24 (a) For cash contributions accepted by a private nonprofit corporation that is licensed 25 as a public broadcasting station in the state, a person engaged in a fisheries business 26 making the contribution is allowed as a credit against the tax due under this chapter 27 (1) 50 percent of contributions of not more than $100,000; and 28 (2) 100 percent of the next $100,000 of contributions. 29 (b) By September 30 of each year, the department shall report to the 30 Legislative Budget and Audit Committee on the credits taken under this section. 31 (c) A contribution claimed as a credit under this section may not
01 (1) be claimed as a credit under another provision of this title; and 02 (2) when combined with credits taken during the taxpayer's tax year 03 under AS 43.20.018, AS 43.55.021, AS 43.56.019, or AS 43.65.019, exceed $150,000. 04 * Sec. 6. This Act takes effect January 1, 1995, and applies to tax years beginning after 05 December 31, 1994.