Legislature(1993 - 1994)
1994-04-22 Senate Journal
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Full Journal pdf1994-04-22 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;