00SENATE BILL NO. 195                                                                                                     
01 "An Act extending the deadline by which a taxpayer may claim a fisheries                                                
02 business tax credit for the taxpayer's contributions to the A. W. 'Winn' Brindle                                        
03 memorial scholarship account; and providing for an effective date."                                                     
04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
05    * Section 1.  AS 43.75.032(a) is amended to read:                                                                    
06  (a)  A fisheries business is entitled to a credit of not more than five percent of                                    
07 the business tax liability under AS 43.75.015 for contributions made [DURING THE                                        
08 TAX YEAR] to the A. W. "Winn" Brindle memorial scholarship account                                                      
09 (AS 14.43.250).  A tax credit under this section may not be approved for more than                                      
10 100 percent of a scholarship contribution.  A tax credit under this section may be                                     
11 claimed for contributions made during the                                                                               
12   (1)  tax year; or                                                                                                    
13   (2)  period between January 1 immediately following the tax year                                                     
14 and the earlier of the date                                                                                             

01   (A)  on which the tax due for the tax year is actually paid;                                                        
02 or                                                                                                                      
03   (B)  set out in AS 43.75.030(d) on which the tax for the tax                                                        
04 year is payable.                                                                                                       
05    * Sec. 2.  This Act takes effect immediately under AS 01.10.070(c).