CSHB 233(FIN): "An Act relating to the insurance tax education credit, the income tax education credit, the oil or gas producer education credit, the property tax education credit, the mining business education credit, the fisheries business education credit, and the fisheries resource landing tax education credit; providing for an effective date by repealing the effective dates of secs. 3, 5, 7, 10, 14, 16, 18, 21, 23, 25, 28, 30, 32, 35, 37, 39, 42, 44, 46, 49, 51, 53, and 55, ch. 92, SLA 2010, sec. 14, ch. 7, FSSLA 2011, secs. 15, 17, 19, 21, 23, and 25, ch. 74, SLA 2012, sec. 49, ch. 14, SLA 2014, secs. 37, 40, 43, and 46, ch. 15, SLA 2014, and secs. 26 and 31, ch. 61, SLA 2014; providing for an effective date by amending the effective date of secs. 1, 2, and 21, ch. 61, SLA 2014; and providing for an effective date."
00 CS FOR HOUSE BILL NO. 233(FIN) 01 "An Act relating to the insurance tax education credit, the income tax education credit, 02 the oil or gas producer education credit, the property tax education credit, the mining 03 business education credit, the fisheries business education credit, and the fisheries 04 resource landing tax education credit; providing for an effective date by repealing the 05 effective dates of secs. 3, 5, 7, 10, 14, 16, 18, 21, 23, 25, 28, 30, 32, 35, 37, 39, 42, 44, 46, 49, 06 51, 53, and 55, ch. 92, SLA 2010, sec. 14, ch. 7, FSSLA 2011, secs. 15, 17, 19, 21, 23, and 07 25, ch. 74, SLA 2012, sec. 49, ch. 14, SLA 2014, secs. 37, 40, 43, and 46, ch. 15, SLA 2014, 08 and secs. 26 and 31, ch. 61, SLA 2014; providing for an effective date by amending the 09 effective date of secs. 1, 2, and 21, ch. 61, SLA 2014; and providing for an effective 10 date." 11 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 12 * Section 1. The uncodified law of the State of Alaska is amended by adding a new section
01 to read: 02 LEGISLATIVE FINDINGS AND INTENT. (a) The legislature finds that, 03 (1) under sec. 37, ch. 61, SLA 2014, the education tax credits are scheduled to 04 be repealed December 31, 2018; 05 (2) under ch. 92, SLA 2010, the education tax credits were scheduled both to 06 decrease in dollar value and to narrow in scope on January 1, 2014; 07 (3) under sec. 15, ch. 7, FSSLA 2011, the effective date of the scheduled 08 reductions in ch. 92, SLA 2010, have been extended from January 1, 2014, to January 1, 09 2021. 10 (b) It is the intent of the legislature in enacting this Act to 11 (1) extend the effective date for the repeal of the education tax credits from 12 December 31, 2018, to January 1, 2025; and 13 (2) repeal the decrease in dollar value and the narrowing in scope of the 14 education tax credits that are currently scheduled to take place on January 1, 2021. 15 (c) It is the intent of the legislature that, under this Act, the education tax credits 16 remain as they will appear on the effective date of secs. 2 - 4 of this Act, until they are 17 repealed January 1, 2025. 18 * Sec. 2. AS 21.96.070(a) is amended to read: 19 (a) A taxpayer is allowed a credit against the tax due under AS 21.09.210 or 20 AS 21.66.110 for cash contributions accepted 21 (1) for direct instruction, research, and educational support purposes, 22 including library and museum acquisitions, and contributions to endowment, by an 23 Alaska university foundation or by a nonprofit, public or private, Alaska two-year or 24 four-year college accredited by a regional accreditation association; 25 (2) for secondary school level vocational education courses, programs, 26 and facilities by a school district in the state; 27 (3) for vocational education courses, programs, and facilities by a 28 state-operated vocational technical education and training school; 29 (4) for a facility [OR AN ANNUAL INTERCOLLEGIATE SPORTS 30 TOURNAMENT] by a nonprofit, public or private, Alaska two-year or four-year 31 college accredited by a regional accreditation association;
01 (5) for Alaska Native cultural or heritage programs and educational 02 support, including mentoring and tutoring, provided by a nonprofit agency for public 03 school staff and for students who are in grades kindergarten through 12 in the state; 04 and 05 (6) for education, research, rehabilitation, and facilities by an 06 institution that is located in the state and that qualifies as a coastal ecosystem learning 07 center under the Coastal America Partnership established by the federal government. 08 * Sec. 3. AS 43.55.019(a) is amended to read: 09 (a) A producer of oil or gas is allowed a credit against the tax levied by 10 AS 43.55.011(e) for cash contributions accepted for 11 (1) direct instruction, research, and educational support purposes, 12 including library and museum acquisitions, and contributions to endowment, by an 13 Alaska university foundation or by a nonprofit, public or private, Alaska two-year or 14 four-year college accredited by a regional accreditation association; 15 (2) secondary school level vocational education courses, programs, and 16 facilities by a school district in the state; 17 (3) vocational education courses, programs, equipment, and facilities 18 by a state-operated vocational technical education and training school, a nonprofit 19 regional training center recognized by the Department of Labor and Workforce 20 Development, and an apprenticeship program in the state that is registered with the 21 United States Department of Labor under 29 U.S.C. 50 - 50b (National Apprenticeship 22 Act); 23 (4) a facility [OR AN ANNUAL INTERCOLLEGIATE SPORTS 24 TOURNAMENT] by a nonprofit, public or private, Alaska two-year or four-year 25 college accredited by a regional accreditation association; 26 (5) Alaska Native cultural or heritage programs and educational 27 support, including mentoring and tutoring, provided by a nonprofit agency for public 28 school staff and for students who are in grades kindergarten through 12 in the state; 29 (6) education, research, rehabilitation, and facilities by an institution 30 that is located in the state and that qualifies as a coastal ecosystem learning center 31 under the Coastal America Partnership established by the federal government; and
01 (7) the Alaska higher education investment fund under AS 37.14.750. 02 * Sec. 4. AS 43.56.018(a) is amended to read: 03 (a) The owner of property taxable under this chapter is allowed a credit 04 against the tax due under this chapter for cash contributions accepted for 05 (1) direct instruction, research, and educational support purposes, 06 including library and museum acquisitions, and contributions to endowment, by an 07 Alaska university foundation or by a nonprofit, public or private, Alaska two-year or 08 four-year college accredited by a regional accreditation association; 09 (2) secondary school level vocational education courses, programs, and 10 facilities by a school district in the state; 11 (3) vocational education courses, programs, and facilities by a state- 12 operated vocational technical education and training school; 13 (4) a facility [OR AN ANNUAL INTERCOLLEGIATE SPORTS 14 TOURNAMENT] by a nonprofit, public or private, Alaska two-year or four-year 15 college accredited by a regional accreditation association; 16 (5) Alaska Native cultural or heritage programs and educational 17 support, including mentoring and tutoring, provided by a nonprofit agency for public 18 school staff and for students who are in grades kindergarten through 12 in the state; 19 (6) education, research, rehabilitation, and facilities by an institution 20 that is located in the state and that qualifies as a coastal ecosystem learning center 21 under the Coastal America Partnership established by the federal government; and 22 (7) the Alaska higher education investment fund under AS 37.14.750. 23 * Sec. 5. Sections 3, 5, 7, 10, 14, 16, 18, 21, 23, 25, 28, 30, 32, 35, 37, 39, 42, 44, 46, 49, 24 51, 53, and 55, ch. 92, SLA 2010, sec. 14, ch. 7, FSSLA 2011, secs. 15, 17, 19, 21, 23, and 25 25, ch. 74, SLA 2012, sec. 49, ch. 14, SLA 2014, secs. 37, 40, 43, and 46, ch. 15, SLA 2014, 26 and secs. 26 and 31, ch. 61, SLA 2014, are repealed. 27 * Sec. 6. Section 57, ch. 92, SLA 2010, sec. 15, ch. 7, FSSLA 2011, sec. 32, ch. 74, SLA 28 2012, sec. 82, ch. 14, SLA 2014, and sec. 61, ch. 15, SLA 2014, are repealed. 29 * Sec. 7. Section 37, ch. 61, SLA 2014, is amended to read: 30 Sec. 37. Sections 1, 2, and [15, 18,] 21 [, 24, 26, AND 31] of this Act take 31 effect January 1, 2025 [DECEMBER 31, 2018].
01 * Sec. 8. Sections 2 - 4 of this Act take effect January 1, 2019. 02 * Sec. 9. Except as provided in sec. 8 of this Act, this Act takes effect immediately under 03 AS 01.10.070(c).