Legislature(2017 - 2018)
2018-04-23 House Journal
Full Journal pdf2018-04-23 House Journal Page 3411 HB 399 The following was read the second time: HOUSE BILL NO. 399 "An Act disallowing a federal tax credit as a credit against the corporate net income tax; repealing a provision allowing the exclusion of certain royalties accrued or received from foreign corporations for purposes of the corporate net income tax; 2018-04-23 House Journal Page 3412 repealing the reduced rate for the alternative tax on capital gains for corporations; repealing an exemption from filing a return under the corporate net income tax for a corporation engaged in a contract under the Alaska Stranded Gas Development Act; and providing for an effective date." with the: Journal Page RES RPT 4DP 3NR 3037 FN1: (REV) 3037 FIN RPT CS(FIN) NT 10DP 1AM 3268 FN2: (REV) 3316 Representative Stutes moved and asked unanimous consent that the following committee substitute be adopted in lieu of the original bill: CS FOR HOUSE BILL NO. 399(FIN) "An Act relating to the use of a federal tax credit as a credit against the corporate net income tax; repealing a provision allowing the exclusion of certain royalties accrued or received from foreign corporations for purposes of the corporate net income tax; repealing the reduced rate for the alternative tax on capital gains for corporations; repealing an exemption from filing a return under the corporate net income tax for a corporation engaged in a contract under the Alaska Stranded Gas Development Act; and providing for an effective date." There being no objection, it was so ordered. Representative Stutes moved and asked unanimous consent that CSHB 399(FIN) be considered engrossed, advanced to third reading, and placed on final passage. There being no objection, it was so ordered. CSHB 399(FIN) was read the third time. The question being: "Shall CSHB 399(FIN) pass the House?" The roll was taken with the following result: CSHB 399(FIN) Third Reading Final Passage YEAS: 39 NAYS: 0 EXCUSED: 1 ABSENT: 0 2018-04-23 House Journal Page 3413 Yeas: Birch, Chenault, Claman, Drummond, Eastman, Edgmon, Foster, Gara, Grenn, Guttenberg, Johnson, Johnston, Josephson, Kawasaki, Kito, Knopp, Kopp, Kreiss-Tomkins, LeDoux, Lincoln, Millett, Neuman, Ortiz, Parish, Pruitt, Rauscher, Reinbold, Saddler, Seaton, Spohnholz, Stutes, Sullivan-Leonard, Talerico, Tarr, Thompson, Tilton, Wilson, Wool, Zulkosky Excused: Tuck And so, CSHB 399(FIN) passed the House. Representative Stutes 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 399(FIN) was referred to the Chief Clerk for engrossment.