2017-05-15                     Senate Journal                      Page 1285
SCS CSHB 111(FIN)                                                                                                               
Second Reading                                                                                                                  
Amendment No. 5?                                                                                                                
                                                                                                                                
YEAS:  4   NAYS:  14   EXCUSED:  1   ABSENT:  1                                                                               
                                                                                                                                
Yeas:  Begich, Egan, Gardner, Wielechowski                                                                                      
                                                                                                                                
Nays:  Bishop, Coghill, Costello, Dunleavy, Giessel, Hoffman,                                                                   
Hughes, Kelly, MacKinnon, Meyer, Micciche, Stevens, von Imhof,                                                                  
Wilson                                                                                                                          
                                                                                                                                
Excused:  Stedman                                                                                                               
                                                                                                                                
Absent:  Olson                                                                                                                  
                                                                                                                                
and so, Amendment No. 5 failed.                                                                                                 
                                                                                                                                
Senator Wielechowski offered Amendment No. 6 :                                                                                   
                                                                                                                                
Page 1, line 5, following "delinquent":                                                                                       
     Insert "oil and gas production"                                                                                          
                                                                                                                                
Page 1, line 8, through page 2, line 21:                                                                                        
     Delete all material and insert:                                                                                            
"* Section 1. AS 43.05.225 is amended to read:                                                                                
             Sec. 43.05.225. Interest. Unless otherwise provided,                                                            
              (1)  a delinquent tax                                                                                             
                   (A)  under this title, before January 1, 2014, bears                                                         
          interest in each calendar quarter at the rate of five percentage                                                      
          points above the annual rate charged member banks for                                                                 
          advances by the 12th Federal Reserve District as of the first                                                         
          day of that calendar quarter, or at the annual rate of 11                                                             
          percent, whichever is greater, compounded quarterly as of the                                                         
          last day of that quarter;                                                                                             
                   (B)  under this title, on and after January 1, 2014,                                                         
          except as provided in (C) of this paragraph, bears interest in                                                        
          each calendar quarter at the rate of three percentage points                                                          
          above the annual rate charged member banks for advances by                                                            
          the 12th Federal Reserve District as of the first day of that                                                         
          calendar quarter;