2018-04-24                     Senate Journal                      Page 2832
HB 399                                                                                                                        
CS FOR HOUSE BILL NO. 399(FIN) BY THE HOUSE FINANCE                                                                             
COMMITTEE, entitled:                                                                                                            
                                                                                                                                
          "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                                                               

2018-04-24                     Senate Journal                      Page 2833
          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."                                                                                                      
                                                                                                                                
was read the first time and referred to the Finance Committee.