Legislature(2011 - 2012)
2012-03-23 House Journal
Full Journal pdf2012-03-23 House Journal Page 1985 HB 252 The following was read the second time: HOUSE BILL NO. 252 "An Act exempting certain small businesses from the corporate income tax; and providing for an effective date." with the: Journal Page L&C RPT CS(L&C) 6DP 1NR 1687 FN1: (REV) 1688 FIN RPT CS(FIN) 8DP 3NR 1858 FN2: (REV) 1858 Representative Austerman moved and asked unanimous consent that the following committee substitute be adopted in lieu of the original bill: CS FOR HOUSE BILL NO. 252(FIN) (same title) 2012-03-23 House Journal Page 1986 There being no objection, it was so ordered. Amendment No. 1 was offered by Representative Johansen: Page 1, line 1, following "tax;" (title amendment): Insert "amending the tax rates for taxes levied on corporations under the Alaska Net Income Tax Act;" Page 1, following line 3: Insert a new bill section to read: "* Section 1. AS 43.20.011(e) is amended to read: (e) There is imposed for each taxable year upon the entire taxable income of every corporation derived from sources within the state a tax computed as follows: If the taxable income is Then the tax is: Less than $50,000 [$10,000] 1 percent of the taxable income [$10,000 BUT LESS THAN $100 PLUS 2 PERCENT OF $20,000 THE TAXABLE INCOME OVER $10,000 $20,000 BUT LESS THAN $30,000 $300 PLUS 3 PERCENT OF THE TAXABLE INCOME OVER $20,000 $30,000 BUT LESS THAN $40,000 $600 PLUS 4 PERCENT OF THE TAXABLE INCOME OVER $30,000 $40,000 BUT LESS THAN $50,000 $1,000 PLUS 5 PERCENT OF THE TAXABLE INCOME OVER $40,000] $50,000 but less than $100,000 $500 [$1,500] plus 3 percent [$60,000] [6 PERCENT] of the taxable income over $50,000 $100,000 [$60,000 BUT LESS THAN $2,100 PLUS 7 PERCENT OF $70,000 THE TAXABLE INCOME OVER $60,000 $70,000 BUT LESS THAN $80,000 $2,800 PLUS 8 PERCENT OF THE TAXABLE INCOME OVER $70,000 $80,000 BUT LESS THAN $90,000 $3,600 PLUS 9 PERCENT OF THE TAXABLE INCOME OVER $80,000 2012-03-23 House Journal Page 1987 $90,000] or more $2,000 [$4,500] plus 6 percent [9.4 PERCENT] of the taxable income over $100,000 [$90,000]." Page 1, line 4: Delete "Section 1" Insert "Sec. 2" Renumber the following bill sections accordingly. Page 2, following line 20: Insert new bill sections to read: "* Sec. 5. The uncodified law of the State of Alaska is amended by adding a new section to read: APPLICABILITY. Section 1 of this Act applies to tax years beginning after December 31, 2012. * Sec. 6. Section 1 ofthis Act takes effect January 1, 2013." Renumber the following bill sections accordingly. Page 2, line 21: Delete "Sections 1 and 2" Insert "Sections 2 and 3" Page 2, line 22: Delete "Section 3" Insert "Section 4" Representative Johansen moved and asked unanimous consent that Amendment No. 1 be adopted. There was objection. Representative Johansen moved and asked unanimous consent to withdraw Amendment No. 1. There being no objection, it was so ordered. 2012-03-23 House Journal Page 1988 Representative Austerman moved and asked unanimous consent that CSHB 252(FIN) be considered engrossed, advanced to third reading, and placed on final passage. There being no objection, it was so ordered. **Representative Millett, who was excused (page 1965), left the Chamber. CSHB 252(FIN) was read the third time. The question being: "Shall CSHB 252(FIN) pass the House?" The roll was taken with the following result: CSHB 252(FIN) Third Reading Final Passage YEAS: 37 NAYS: 0 EXCUSED: 3 ABSENT: 0 Yeas: Austerman, Chenault, Cissna, Costello, Dick, Doogan, Edgmon, Fairclough, Feige, Foster, Gara, Gardner, Gruenberg, Guttenberg, Hawker, Herron, Holmes, Johansen, Johnson, Joule, Kawasaki, Keller, Kerttula, Lynn, Miller, Munoz, Neuman, Olson, Petersen, Saddler, Seaton, Stoltze, Thomas, Thompson, Tuck, P.Wilson, T.Wilson Excused: Gatto, Millett, Pruitt And so, CSHB 252(FIN) passed the House. Representative Austerman moved and asked unanimous consent that the roll call on the passage of the bill be considered the roll call on the effective date clause. There being no objection, it was so ordered. CSHB 252(FIN) was referred to the Chief Clerk for engrossment.