Legislature(2021 - 2022)GRUENBERG 120
02/17/2022 03:00 PM House STATE AFFAIRS
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| Audio | Topic |
|---|---|
| Start | |
| HB291 | |
| HB37 | |
| SB25|| HB86 | |
| Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
| *+ | HB 291 | TELECONFERENCED | |
| += | HB 37 | TELECONFERENCED | |
| + | SB 25 | TELECONFERENCED | |
| *+ | HB 86 | TELECONFERENCED | |
| + | TELECONFERENCED | ||
HB 37-INCOME TAX; PERMANENT FUND; EARNINGS RES.
4:05:36 PM
CHAIR KREISS-TOMKINS announced that the next order of business
would be HOUSE BILL NO. 37, "An Act relating to deposits into
the dividend fund; relating to income of and appropriations from
the earnings reserve account; relating to the taxation of income
of individuals, partners, shareholders in S corporations,
trusts, and estates; relating to a payment against the
individual income tax from the permanent fund dividend
disbursement; repealing tax credits applied against the tax on
individuals under the Alaska Net Income Tax Act; and providing
for an effective date." [Before the committee was CSHB
37(W&M).]
CHAIR KREISS-TOMKINS opened public testimony on CSHB 37(W&M).
4:06:21 PM
CARRIE HARRIS emphasized her strong opposition to the proposed
implementation of an income tax.
4:06:54 PM
MIKE COONS shared his strong opposition to the proposed
legislation. He believed the legislature was "stealing money
from the PFD and the people of Alaska."
4:09:02 PM
ED MARTIN stated his adamant opposition to the bill. He opined
that an income tax would not be fair. Further, he believed that
a dividend reduction was in itself a tax on people's income. He
urged the legislature to audit all the state agencies to
identify deficiencies.
4:11:59 PM
RON JOHNSON stated his support for the proposed legislation. He
believed it was a good alternative to the 50/50 split, which he
characterized as unsustainable. He pointed out that HB 37 would
produce a dividend of over $1,000; further, he said he liked the
idea of flat 2.5 percent tax, which he believed would
incentivize the public to participate in government activities.
4:14:02 PM
JOHN LARSON expressed his support for HB 37. He pointed out
that quality schools, roads, and domestic violence prevention,
for example, required proper funding. Additionally, he
highlighted the importance of preserving the PFD for future
generations of Alaskans.
4:15:26 PM
CHAIR KREISS-TOMKINS closed public testimony. Hearing no
questions from committee members, he announced that CSHB 37(W&M)
was held over.
4:16:37 PM
The committee took an at-ease from 4:16 p.m. to 4:19 p.m.