1994-04-22                     Senate Journal                      Page 3877
SB 377                                                                       
                                                                               
SB 377                                                                         
Second Reading                                                                 
Adopt Finance Committee Substitute?                                            
                                                                               
YEAS:  12   NAYS:  8   EXCUSED:  0   ABSENT:  0                              
                                                                               
Yeas:  Frank, Halford, Jacko, Kelly, Kerttula, Leman, Miller, Pearce,          
Phillips, Rieger, Sharp, Taylor                                                
                                                                               
Nays:  Adams, Donley, Duncan, Ellis, Lincoln, Little, Salo, Zharoff            
                                                                               
and so, CS FOR SENATE BILL NO. 377(FIN) was adopted.                           
                                                                               
CS FOR SENATE BILL NO. 377(FIN) was read the second time.                      
                                                                               
Senator Kerttula offered Amendment No. 1 :                                      
                                                                               
Page 1, line 1, after "procedures":                                          
	Insert ", including procedures related to the assessment                     
and collection of certain taxes"                                              
                                                                               
Page 1, after line 3:                                                          
	Insert a new bill section to read:                                            
   "* Section 1.  LEGISLATIVE FINDINGS AND PURPOSE                           
RELATED TO SECTIONS 8 AND 9.  (a)  The legislature finds that                  
		(1)  with respect to income taxes imposed under                              
former AS43.21 and oil and gas production taxes imposed by                     
AS43.55,                                                                       
		(A)  the Department of Revenue has                                          
interpreted AS43.05.260 to permit it to issue an amended                       
assessment at any time during the administrative                               
consideration of an appeal or of a claim for credit or refund;                 
		(B)  the department's interpretation of                                     
AS43.05.260 and 43.05.270 are correct; and                                     
		(C)  it is in the public interest that                                      
AS43.05.260 and 43.05.270 be clarified by amendment,                           
effective from the date of enactment of those sections, to                     
reflect these longstanding administrative interpretations;