SCS 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 SENATE CS FOR 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. 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 removal 23 of the cross references to AS 21.96.070 in AS 21.06.110(9) and AS 21.09.210(j) by secs. 1 24 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).