Legislature(2021 - 2022)
2022-04-13 House Journal
Full Journal pdf2022-04-13 House Journal Page 2515 HB 229 The following, which was moved to the bottom of the calendar (page 2507), was before the House in second reading: CS FOR HOUSE BILL NO. 229(EDC) "An Act relating to the Alaska higher education investment trust fund; and relating to the Alaska Student Loan Corporation." Amendment No. 2 was offered by Representative Eastman: Page 1, line 1 (title amendment): Delete "and" Page 1, line 2, following "Corporation": Insert "; and relating to the insurance tax education credit, the income tax education credit, the oil or gas producer education credit, the property tax education credit, the mining business education credit, the fisheries business education credit, and the fisheries resource landing tax education credit" Page 5, following line 13: Insert a new bill section to read: "* Sec. 6. AS 21.96.070(d) is amended to read: (d) A contribution claimed as a credit under this section may not (1) be the basis for a credit claimed under another provision of this title; and (2) when combined with contributions that are the basis for credits taken during the taxpayer's tax year under AS 43.20.014, AS 43.55.019, AS 43.56.018, AS 43.65.018, AS 43.75.018, or AS 43.77.045, result in the total amount of credits exceeding $5,000,000 [$1,000,000]; if the taxpayer is a member of an affiliated group, then the total amount of credits may not exceed $5,000,000 [$1,000,000] for the affiliated group; in this paragraph, "affiliated group" has the meaning given in AS 43.20.145." Renumber the following bill sections accordingly. Page 7, following line 30: Insert a new bill section to read: 2022-04-13 House Journal Page 2516 "* Sec. 11. AS 43.20.014(d) is amended to read: (d) A contribution claimed as a credit under this section may not (1) be the basis for a credit claimed under another provision of this title; (2) also be allowed as a deduction under 26 U.S.C. 170 against the tax imposed by this chapter; and (3) when combined with contributions that are the basis for credits taken during the taxpayer's tax year under AS 21.96.070, [21.96.075,] AS 43.55.019, AS 43.56.018, AS 43.65.018, AS 43.75.018, or AS 43.77.045, result in the total amount of credits exceeding $5,000,000 [$1,000,000]; if the taxpayer is a member of an affiliated group, then the total amount of credits may not exceed $5,000,000 [$1,000,000] for the affiliated group; in this paragraph, "affiliated group" has the meaning given in AS 43.20.145." Renumber the following bill sections accordingly. Page 8, following line 24: Insert a new bill section to read: "* Sec. 13. AS 43.55.019(d) is amended to read: (d) A contribution claimed as a credit under this section may not (1) be the basis for a credit claimed under another provision of this title; and (2) when combined with contributions that are the basis for credits taken during the taxpayer's tax year under AS 21.96.070, AS 43.20.014, AS 43.56.018, AS 43.65.018, AS 43.75.018, or AS 43.77.045, result in the total amount of credits exceeding $5,000,000 [$1,000,000]; if the taxpayer is a member of an affiliated group, then the total amount of credits may not exceed $5,000,000 [$1,000,000] for the affiliated group; in this paragraph, "affiliated group" has the meaning given in AS 43.20.145." Renumber the following bill sections accordingly. Page 9, following line 15: Insert a new bill section to read: 2022-04-13 House Journal Page 2517 "* Sec. 15. AS 43.56.018(d) is amended to read: (d) A contribution claimed as a credit under this section may not (1) be the basis for a credit claimed under another provision of this title; and (2) when combined with contributions that are the basis for credits taken during the taxpayer's tax year under AS 21.96.070, AS 43.20.014, AS 43.55.019, AS 43.65.018, AS 43.75.018, or AS 43.77.045, result in the total amount of credits exceeding $5,000,000 [$1,000,000]; if the taxpayer is a member of an affiliated group, then the total amount of credits may not exceed $5,000,000 [$1,000,000] for the affiliated group; in this paragraph, "affiliated group" has the meaning given in AS 43.20.145." Renumber the following bill sections accordingly. Page 11, following line 3: Insert a new bill section to read: "* Sec. 17. AS 43.65.018(d) is amended to read: (d) A contribution claimed as a credit under this section may not (1) be the basis for a credit claimed under another provision of this title; and (2) when combined with contributions that are the basis for credits taken during the taxpayer's tax year under AS 21.96.070, AS 43.20.014, AS 43.55.019, AS 43.56.018, AS 43.75.018, or AS 43.77.045, result in the total amount of the credits exceeding $5,000,000 [$1,000,000]; if the taxpayer is a member of an affiliated group, then the total amount of credits may not exceed $5,000,000 [$1,000,000] for the affiliated group; in this paragraph, "affiliated group" has the meaning given in AS 43.20.145." Renumber the following bill sections accordingly. Page 12, following line 21: Insert a new bill section to read: "* Sec. 19. AS 43.75.018(d) is amended to read: (d) A contribution claimed as a credit under this section may not 2022-04-13 House Journal Page 2518 (1) be the basis for a credit claimed under another provision of this title; and (2) when combined with contributions that are the basis for credits taken during the taxpayer's tax year under AS 21.96.070, AS 43.20.014, AS 43.55.019, AS 43.56.018, AS 43.65.018, or AS 43.77.045, result in the total amount of the credits exceeding $5,000,000 [$1,000,000]; if the taxpayer is a member of an affiliated group, then the total amount of credits may not exceed $5,000,000 [$1,000,000] for the affiliated group; in this paragraph, "affiliated group" has the meaning given in AS 43.20.145." Renumber the following bill section accordingly. Page 14, following line 9: Insert a new bill section to read: "* Sec. 21. AS 43.77.045(d) is amended to read: (d) A contribution claimed as a credit under this section may not (1) be the basis for a credit claimed under another provision of this title; and (2) when combined with contributions that are the basis for credits taken during the taxpayer's tax year under AS 21.96.070, [21.96.075,] AS 43.20.014, AS 43.55.019, AS 43.56.018, AS 43.65.018, or AS 43.75.018, result in the total amount of the credits exceeding $5,000,000 [$1,000,000]; if the taxpayer is a member of an affiliated group, then the total amount of credits may not exceed $5,000,000 [$1,000,000] for the affiliated group; in this paragraph, "affiliated group" has the meaning given in AS 43.20.145." Representative Eastman moved and asked unanimous consent that Amendment No. 2 be adopted. Representative Josephson objected. Representative Tuck rose to a point of order concerning the germaneness of Amendment No. 2. The Speaker ruled the amendment out of order. Representative Eastman appealed the ruling of the chair. 2022-04-13 House Journal Page 2519 The question being: "Shall the ruling of the Chair be sustained?" The roll was taken with the following result: CSHB 229(EDC) Second Reading Sustain Ruling of the Chair - Amendment No. 2 not germane YEAS: 19 NAYS: 12 EXCUSED: 8 ABSENT: 1 Yeas: Drummond, Edgmon, Fields, Foster, Hannan, Hopkins, Josephson, LeBon, Merrick, Ortiz, Schrage, Snyder, Spohnholz, Story, Stutes, Tarr, Tuck, Wool, Zulkosky Nays: Carpenter, Eastman, Gillham, Johnson, Kaufman, Kurka, McCarty, McKay, Nelson, Prax, Tilton, Vance Excused: Claman, Cronk, McCabe, Patkotak, Rasmussen, Rauscher, Shaw, Thompson Absent: Kreiss-Tomkins And so, the ruling of the Chair was sustained. Representative Tuck moved and asked unanimous consent that CSHB 229(EDC) be considered engrossed, advanced to third reading, and placed on final passage. There was objection. CSHB 229(EDC) will advance to third reading on tomorrow's calendar.