Legislature(2023 - 2024)SENATE FINANCE 532

05/10/2024 09:00 AM Senate FINANCE

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* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ Bills Previously Heard/Scheduled: TELECONFERENCED
+= HB 19 REGISTRATION OF BOATS: EXEMPTION TELECONFERENCED
Heard & Held
-- Public Testimony <Time Limit May Be Set> --
+= SB 217 INTEGRATED TRANSMISSION SYSTEMS TELECONFERENCED
Heard & Held
+= HB 50 CARBON STORAGE TELECONFERENCED
Heard & Held
+= HB 155 ESTABLISH AK MILITARY AFFAIRS COMMISSION TELECONFERENCED
Moved SCS CSHB 155(FIN) Out of Committee
+= HB 66 CONTROLLED SUB;HOMICIDE;CRIMES;SENTENCING TELECONFERENCED
Heard & Held
+ SB 135 AK WORK & SAVE PROGRM; RETIRE. SAVINGS BD TELECONFERENCED
Heard & Held
-- Testimony <Invitation Only> --
+ HB 347 PROPERTY ASSESSMENT TELECONFERENCED
Scheduled but Not Heard
-- Public Testimony <Time Limit May Be Set> --
*+ HB 202 OPIOID OVERDOSE DRUGS IN SCHOOLS TELECONFERENCED
Scheduled but Not Heard
-- Public Testimony <Time Limit May Be Set> --
+ HB 129 VOTER REGISTRATION TELECONFERENCED
Heard & Held
+= HB 28 ACCESS TO MARIJUANA CONVICTION RECORDS TELECONFERENCED
Moved SCS CSHB 28(FIN) Out of Committee
CS FOR HOUSE BILL NO. 66(FIN) am                                                                                              
                                                                                                                                
     "An  Act relating  to homicide  resulting from  conduct                                                                    
     involving    controlled    substances;   relating    to                                                                    
     misconduct involving  a controlled  substance; relating                                                                    
     to sentencing; and providing for an effective date."                                                                       
                                                                                                                                
9:47:49 AM                                                                                                                    
                                                                                                                                
Co-Chair  Olson  announced  that  there  were  7  amendments                                                                    
pertaining to the bill.                                                                                                         
                                                                                                                                
9:48:05 AM                                                                                                                    
AT EASE                                                                                                                         
                                                                                                                                
9:49:14 AM                                                                                                                    
RECONVENED                                                                                                                      
                                                                                                                                
ANGIE KEMP,  CRIMINAL DIVISION DIRECTOR, DEPARTMENT  OF LAW,                                                                    
provided a brief recap of the legislation.                                                                                      
                                                                                                                                
9:50:03 AM                                                                                                                    
                                                                                                                                
KACI   SCHROEDER,   SENIOR   ASSISTANT   ATTORNEY   GENERAL,                                                                    
DEPARTMENT OF LAW, introduced herself.                                                                                          
                                                                                                                                
9:50:05 AM                                                                                                                    
                                                                                                                                
Ms. Kemp explained the bill.                                                                                                    
                                                                                                                                
9:51:09 AM                                                                                                                    
AT EASE                                                                                                                         
                                                                                                                                
10:06:35 AM                                                                                                                   
RECONVENED                                                                                                                      
                                                                                                                                
10:06:46 AM                                                                                                                   
                                                                                                                                
Ms. Kemp continued to address the legislation.                                                                                  
                                                                                                                                
10:08:08 AM                                                                                                                   
                                                                                                                                
Co-Chair  Olson  MOVED  Amendment   1  (copy  on  file)  and                                                                    
OBJECTED for the purpose of discussion.                                                                                         
                                                                                                                                
Ms. Kemp explained that the amendment.                                                                                          
                                                                                                                                
10:13:02 AM                                                                                                                   
                                                                                                                                
Senator  Bishop  wondered  about body  cameras  and  whether                                                                    
every  police department  adhered  to the  same protocol  of                                                                    
wearing body cameras.                                                                                                           
                                                                                                                                
10:14:05 AM                                                                                                                   
                                                                                                                                
Ms.  Kemp  replied in  the  negative.  She added  that  body                                                                    
cameras were the  trend in most agencies and  that most used                                                                    
audio recordings.                                                                                                               
                                                                                                                                
10:14:19 AM                                                                                                                   
                                                                                                                                
Co-Chair Olson REMOVED his objection.                                                                                           
                                                                                                                                
10:14:28 AM                                                                                                                   
                                                                                                                                
Senator Kiehl  requested further  discussion of  the hearsay                                                                    
element of the bill.                                                                                                            
                                                                                                                                
10:14:43 AM                                                                                                                   
                                                                                                                                
Senator Wilson asked whether video  footage could be used in                                                                    
court if  a victim chose not  to, or was unable  to, testify                                                                    
in person.                                                                                                                      
                                                                                                                                
10:15:16 AM                                                                                                                   
                                                                                                                                
Ms. Kemp replied in the affirmative.                                                                                            
                                                                                                                                
10:15:45 AM                                                                                                                   
                                                                                                                                
There being no further objection Amendment 1 was adopted.                                                                       
                                                                                                                                
Senator  Olson  MOVED  Amendment  2  and  objected  for  the                                                                    
purpose of discussion.                                                                                                          
                                                                                                                                
10:15:56 AM                                                                                                                   
                                                                                                                                
Ms. Schroeder explained that the  amendment changed the name                                                                    
of "child pornography" to "child  sexual abuse material" and                                                                    
adds to the list of registerable sex offenses.                                                                                  
                                                                                                                                
Co-Chair Olson  REMOVED his objection to  Amendment 2. There                                                                    
being no further objection Amendment 2 was adopted.                                                                             
                                                                                                                                
10:17:08 AM                                                                                                                   
                                                                                                                                
Co-Chair  Olson  moved  Amendment  3 and  objected  for  the                                                                    
purpose of discussion.                                                                                                          
                                                                                                                                
10:17:39 AM                                                                                                                   
                                                                                                                                
SENATOR MATT CLAMAN, SPONSOR, explained Amendment 3.                                                                            
                                                                                                                                
10:18:18 AM                                                                                                                   
                                                                                                                                
Co-Chair Olson REMOVED his objection to Amendment 3.                                                                            
                                                                                                                                
Senator Wilson OBJECTED to Amendment 3.                                                                                         
                                                                                                                                
10:18:33 AM                                                                                                                   
                                                                                                                                
Senator Wilson  stated that  testimony from  victim advocate                                                                    
groups had  expressed concern for the  amendment. He thought                                                                    
that victim notification was important.                                                                                         
                                                                                                                                
10:19:46 AM                                                                                                                   
                                                                                                                                
Senator Kiehl asked about transportation.                                                                                       
                                                                                                                                
10:20:13 AM                                                                                                                   
                                                                                                                                
Senator Claman  replied that the transportation  portion was                                                                    
primarily in Section 15 and  related to people subject to an                                                                    
ex parte order. He said the  language had been cleaned up to                                                                    
allow for  a 7-day holding  period before a  hearing, rather                                                                    
than 10 days.                                                                                                                   
                                                                                                                                
10:21:36 AM                                                                                                                   
                                                                                                                                
Senator  Kiehl remarked  that the  bill  had been  carefully                                                                    
crafted and noted the transportation difficulties.                                                                              
                                                                                                                                
A roll call vote was taken on the motion.                                                                                       
                                                                                                                                
IN FAVOR: Bishop, Kiehl, Hoffman, Olson, Merrick                                                                                
OPPOSED: Wilson                                                                                                                 
                                                                                                                                
By a vote of 5 YEAS and 1 NAY Amendment 3 was adopted.                                                                          
                                                                                                                                
10:22:57 AM                                                                                                                   
                                                                                                                                
Co-Chair  Olson  MOVED  Amendment   4  (copy  on  file)  and                                                                    
OBJECTED for the purpose of discussion.                                                                                         
                                                                                                                                
10:23:00 AM                                                                                                                   
                                                                                                                                
Ms. Schroeder explained Amendment 4.                                                                                            
                                                                                                                                
Senator  Wilson  asked  whether   judges  would  still  have                                                                    
discretion by case.                                                                                                             
                                                                                                                                
Ms. Schroeder replied in the affirmative.                                                                                       
                                                                                                                                
Senator Olson REMOVED his OBJECTION.  There being no further                                                                    
OBJECTION Amendment 4 was ADOPTED.                                                                                              
                                                                                                                                
10:24:17 AM                                                                                                                   
                                                                                                                                
Co-Chair Olson moved AMENDMENT 5 (copy on file).                                                                                
                                                                                                                                
Senator Merrick OBJECTED for the purpose of discussion.                                                                         
                                                                                                                                
10:24:58 AM                                                                                                                   
AT EASE                                                                                                                         
                                                                                                                                
10:26:55 AM                                                                                                                   
RECONVENED                                                                                                                      
                                                                                                                                
Co-Chair Merrick spoke  to her objection. She  felt that the                                                                    
amendment was like  another bill currently at  play and felt                                                                    
that the provisions would be  more cleanly passed in another                                                                    
bill rather than incorporated into HB 66.                                                                                       
                                                                                                                                
10:27:23 AM                                                                                                                   
AT EASE                                                                                                                         
                                                                                                                                
10:31:42 AM                                                                                                                   
RECONVENED                                                                                                                      
                                                                                                                                
Co-Chair Olson WITHDREW Amendment 5.                                                                                            
                                                                                                                                
10:32:20 AM                                                                                                                   
                                                                                                                                
Co-Chair  Hoffman  MOVED  to  RESCIND  committee  action  in                                                                    
adopting AMENDMET 4.                                                                                                            
                                                                                                                                
10:32:29 AM                                                                                                                   
                                                                                                                                
Co-Chair  Hoffman stated  that the  contents of  Amendment 4                                                                    
were already  drafted into  a bill  currently in  the Senate                                                                    
Rules Committee.                                                                                                                
                                                                                                                                
10:33:04 AM                                                                                                                   
AT EASE                                                                                                                         
                                                                                                                                
10:33:17 AM                                                                                                                   
RECONVENED                                                                                                                      
                                                                                                                                
Co-Chair Olson clarified that  committee action on Amendment                                                                    
4 had been rescinded.                                                                                                           
Senator Olson MOVED Amendment 6  (copy on file). He OBJECTED                                                                    
for the purpose of discussion.                                                                                                  
                                                                                                                                
Ms.  Schroeder explained  that  Amendment  6 had  previously                                                                    
been in  HB 11  and addressed  the crime  of assault  in the                                                                    
presence of a child.                                                                                                            
                                                                                                                                
10:34:23 AM                                                                                                                   
                                                                                                                                
Co-Chair Olson  REMOVED his OBJECTION to  Amendment 6. There                                                                    
being no further OBJECTION the amendment was adopted.                                                                           
                                                                                                                                
10:34:47 AM                                                                                                                   
                                                                                                                                
Senator Merrick MOVED Amendment 7 (copy on file).                                                                               
                                                                                                                                
Co-Chair Olson OBJECTED for the purpose of discussion.                                                                          
                                                                                                                                
Senator Merrick explained Amendment 7.                                                                                          
                                                                                                                                
Senator  Bishop  wondered  how   the  amendment  applied  to                                                                    
individuals on parole who were  hindered by geolocation when                                                                    
trying to contact a parole officer.                                                                                             
                                                                                                                                
10:36:07 AM                                                                                                                   
                                                                                                                                
Ms.  Kemp   replied  that  it   would  not  apply   in  that                                                                    
circumstance.                                                                                                                   
                                                                                                                                
10:36:51 AM                                                                                                                   
                                                                                                                                
Senator Kiehl  thought that more  jail time  would certainly                                                                    
lead to cost increases.                                                                                                         
                                                                                                                                
Ms. Kemp had no comment on cost drivers.                                                                                        
                                                                                                                                
10:37:39 AM                                                                                                                   
                                                                                                                                
Senator Wilson wondered what the  department felt the impact                                                                    
would be from the legislation.                                                                                                  
                                                                                                                                
10:38:04 AM                                                                                                                   
                                                                                                                                
Ms.  Kemp responded  that  the impact  on  her division  was                                                                    
indeterminate.  She  was  unsure   whether  there  would  be                                                                    
significantly increased spending due to the legislation.                                                                        
                                                                                                                                
10:39:36 AM                                                                                                                   
                                                                                                                                
Senator  Wilson  understood  that  the  department  did  not                                                                    
expect  a  significant  increase  in  spending  due  to  the                                                                    
legislation.                                                                                                                    
                                                                                                                                
10:39:59 AM                                                                                                                   
                                                                                                                                
Ms.  Kemp   replied  that  costs  would   be  determined  by                                                                    
convictions and were indeterminate.                                                                                             
                                                                                                                                
10:40:48 AM                                                                                                                   
                                                                                                                                
Co-Chair Olson WITHDREW his OBJECTION  to Amendment 7. There                                                                    
being no further OBJECTION the amendment was ADOPTED.                                                                           
                                                                                                                                
10:41:05 AM                                                                                                                   
                                                                                                                                
Co-Chair  Hoffman remarked  that  the  percentage of  Alaska                                                                    
Natives  that were  incarcerated in  the state  far exceeded                                                                    
the  total percentage  of Alaska  Natives in  the state.  He                                                                    
expressed grave concern  with the numbers and  felt that the                                                                    
issue should be further researched and discussed.                                                                               
                                                                                                                                
10:42:21 AM                                                                                                                   
                                                                                                                                
Co-Chair Olson agreed.                                                                                                          
                                                                                                                                
10:42:26 AM                                                                                                                   
                                                                                                                                
Senator Bishop agreed.                                                                                                          
                                                                                                                                
10:42:33 AM                                                                                                                   
                                                                                                                                
Senator Bishop stated that he had other concerns related to                                                                     
Co-Chair Hoffman's comments.                                                                                                    
                                                                                                                                
CSHB 66(FIN)am was heard and HELD in Committee for further                                                                      
consideration.                                                                                                                  
                                                                                                                                
10:42:57 AM                                                                                                                   
AT EASE                                                                                                                         
                                                                                                                                
10:44:42 AM                                                                                                                   
RECONVENED                                                                                                                      
                                                                                                                                
hb50                                                                                                                            
CS FOR HOUSE BILL NO. 50(FIN)                                                                                                 
                                                                                                                                
     "An  Act  relating to  carbon  storage  on state  land;                                                                    
     relating to  the powers  and duties  of the  Alaska Oil                                                                    
     and  Gas Conservation  Commission;  relating to  carbon                                                                    
     storage  exploration   licenses;  relating   to  carbon                                                                    
     storage  leases; relating  to  carbon storage  operator                                                                    
     permits;  relating to  enhanced  oil  or gas  recovery;                                                                    
     relating  to long-term  monitoring  and maintenance  of                                                                    
     storage   facilities;   relating    to   carbon   oxide                                                                    
     sequestration tax  credits; relating  to the  duties of                                                                    
     the  Department  of   Natural  Resources;  relating  to                                                                    
     carbon   dioxide  pipelines;   and  providing   for  an                                                                    
     effective date."                                                                                                           
                                                                                                                                
10:45:17 AM                                                                                                                   
                                                                                                                                
Senator Merrick MOVED to ADOPT the committee substitute for                                                                     
CSHB 50(FIN), Work Draft 33-GH1567\T (Dunmire, 5/10/24).                                                                        
                                                                                                                                
Co-Chair Olson OBJECTED for discussion.                                                                                         
                                                                                                                                
10:45:20 AM                                                                                                                   
                                                                                                                                
KEN ALPER, STAFF, SENATOR DONNY OLSON, explained the CS. He                                                                     
addressed the Explanation of Changes (copy on file):                                                                            
                                                                                                                                
     Change 5  Removed a new  required report of  waste from                                                                  
     the  AOGCC.  This  was  in  section  4  of  the  Senate                                                                    
     Resources version.                                                                                                         
                                                                                                                                
     Change  6 Increased  the minimum  injection  fee to  be                                                                  
     included  within a  carbon storage  lease, to  at least                                                                    
     $10 per  ton. This  is in Section  16 of  the committee                                                                    
     substitute.                                                                                                                
                                                                                                                                
     Change 7  Restored sections  related to  regulating gas                                                                  
     storage    facilities,     including    ensuring    the                                                                    
     confidentiality   of  data   held  by   the  Regulatory                                                                    
     Commission  of  Alaska related  to  the  finances of  a                                                                    
     facility.  This is  in  Sections 38-44  and  48 of  the                                                                    
     committee substitute.                                                                                                      
                                                                                                                                
     Change  8 Rewrote  the section  describing how  certain                                                                  
     costs related to carbon capture  and carbon storage are                                                                    
     not eligible  as deductible lease expenditures  for the                                                                    
     Oil and  Gas Production Tax.  This is in Section  46 of                                                                    
     the committee substitute.                                                                                                  
                                                                                                                                
10:47:28 AM                                                                                                                   
                                                                                                                                
Co-Chair Olson WITHDREW his objection. There being NO                                                                           
further OBJECTION, it was so ordered.                                                                                           
                                                                                                                                
10:47:38 AM                                                                                                                   
                                                                                                                                
Senator Kiehl wondered whether owner/operator gas storge                                                                        
facilities would be treated the same as those under the Gas                                                                     
Storage Authority.                                                                                                              
                                                                                                                                
10:48:01 AM                                                                                                                   
                                                                                                                                
Mr. Alper  replied that he  did not know whether  they would                                                                    
be  treated the  same but  that  the concept  was to  create                                                                    
fairness between facilities.                                                                                                    
                                                                                                                                
10:48:57 AM                                                                                                                   
                                                                                                                                
Senator Kiehl  asked whether  Mr. Alper  could speak  to the                                                                    
lease expenditure language.                                                                                                     
                                                                                                                                
10:49:04 AM                                                                                                                   
                                                                                                                                
Mr.  Alper referred  to Page  39 of  the bill,  which listed                                                                    
things that were not deductible. He quoted the bill:                                                                            
                                                                                                                                
          (23) costs  incurred for carbon capture  or carbon                                                                
     storage,  including fees  incurred under  AS 41.06.160,                                                                
     surcharges  incurred  under   AS  41.06.175,  or  costs                                                                
     associated with obtaining,  operating, or maintaining a                                                                
     license  or lease  under AS  38.05.700    38.05.795; in                                                                
     this paragraph,  "carbon capture" does not  include gas                                                                
     processing or gas treatment.                                                                                           
                                                                                                                              
10:50:58 AM                                                                                                                   
                                                                                                                                
Senator  Kiehl  remarked  that  the  enhanced  oil  recovery                                                                    
language  merited further  discussion.  He wondered  whether                                                                    
the entirety of the capture  facility would be deductible if                                                                    
the carbon was being used for two purposes.                                                                                     
                                                                                                                                
10:51:35 AM                                                                                                                   
                                                                                                                                
Mr.  Alper responded  that the  Department of  Revenue (DOR)                                                                    
would make resolutions to that concern.                                                                                         
                                                                                                                                
10:52:29 AM                                                                                                                   
                                                                                                                                
Senator Bishop looked at Change 6:                                                                                              
                                                                                                                                
     Change  6 Increased  the minimum  injection  fee to  be                                                                  
     included  within a  carbon storage  lease, to  at least                                                                    
     $10 per  ton. This  is in Section  16 of  the committee                                                                    
     substitute.                                                                                                                
                                                                                                                                
Co-Chair Bishop  spoke of previous work  in Senate Resources                                                                    
Committee and asked whether the  change would remove ability                                                                    
of the commissioner of DNR to negotiate below $10 per ton.                                                                      
                                                                                                                                
10:53:32 AM                                                                                                                   
                                                                                                                                
Mr.  Alper replied  that the  language amended  in the  bill                                                                    
changed the number  but did not change the  other syntax. He                                                                    
was not  certain of  the negotiating  power and  thought DNR                                                                    
could speak to the question.                                                                                                    
                                                                                                                                
10:54:09 AM                                                                                                                   
                                                                                                                                
Senator Olson removed  his objection to the  adoption of the                                                                    
CS. There  being no  further objection  committee substitute                                                                    
for CSHB 50(FIN), Work  Draft 33-GH1567\T (Dunmire, 5/10/24)                                                                    
was adopted.                                                                                                                    
                                                                                                                                
CSHB 50(FIN)  was heard  and HELD  in Committee  for further                                                                    
consideration.                                                                                                                  
                                                                                                                                
10:54:36 AM                                                                                                                   
AT EASE                                                                                                                         
                                                                                                                                
10:54:44 AM                                                                                                                   
RECONVENED                                                                                                                      
                                                                                                                                
10:55:01 AM                                                                                                                   
RECESS                                                                                                                          
                                                                                                                                
1:36:56 PM                                                                                                                    
RECONVENED                                                                                                                      
                                                                                                                                
sb135                                                                                                                           
HOUSE BILL NO. 135 am                                                                                                         
     "An Act relating to and disapproving recommendations                                                                       
     of the State Officers Compensation Commission; and                                                                         
     providing for an effective date."                                                                                          
                                                                                                                                
1:37:48 PM                                                                                                                    
                                                                                                                                
HUNTER   LOTTSFELDT,  STAFF,   SENATOR  BILL   WIELECHOWSKI,                                                                    
introduced himself.                                                                                                             
                                                                                                                                
1:38:26 PM                                                                                                                    
                                                                                                                                
SENATOR   BILL   WIELECHOWSKI,   SPONSOR,   introduced   the                                                                    
legislation.                                                                                                                    
                                                                                                                                
1:39:57 PM                                                                                                                    
                                                                                                                                
Mr. Lottsfeldt discussed the Sectional Analysis (copy on                                                                        
file):                                                                                                                          
                                                                                                                                
     Section  1 establishes  that  money  can be  subtracted                                                                  
     from   the   Permanent   Fund  dividend   payment   and                                                                    
     contributed  to  the  Alaska   Work  and  Save  Program                                                                    
     participant account.                                                                                                       
                                                                                                                                
     Section  2 establishes  that the  Alaska Work  and Save                                                                  
     Program  is  one of  the  eligible  programs under  the                                                                    
     contribution list for the PFD.                                                                                             
                                                                                                                                
     Section 3  prohibits the department from  withholding a                                                                  
     coordination fee  for contributions to the  Alaska Work                                                                    
     and Save Program participant account.                                                                                      
                                                                                                                                
     Section 4 Establishes the Alaska  Work and Save Program                                                                  
     under  the Department  of Revenue  and establishes  the                                                                    
     Alaska  Retirement Savings  Board  to administrate  the                                                                    
     program.                                                                                                                   
                                                                                                                                
        • New AS 44.25.400 is the language of the program:                                                                      
             o (b) states that an employer that does not                                                                        
               offer a qualified retirement plan shall                                                                          
               facilitate participation of their employees                                                                      
               in the program.                                                                                                  
             o (c) states that under the program,                                                                               
                  square4 An eligible employee is automatically                                                                 
                    enrolled in the program. Their default                                                                      
                    contribution rate increases at a rate                                                                       
                    established by the board                                                                                    
                  square4 An employee can opt out of the program                                                                
                    or set different contribution rates                                                                         
                  square4 Any person who earns compensation in                                                                  
                    Alaska can voluntarily enroll in the                                                                        
                    program.                                                                                                    
             o (d) Specific rates of return are not                                                                             
               guaranteed. The state is not liable for loss                                                                     
               from participation in the program                                                                                
             o (e) Employers may still set up their own                                                                         
               retirement plans.                                                                                                
                                                                                                                                
        • New   AS   44.25.410    establishes   the   Alaska                                                                    
          Retirement Savings Board in the Department of                                                                         
          Revenue to administer the Alaska Work and Save                                                                        
          Program.                                                                                                              
           o The board consists of nine trustees                                                                                
        • New AS 44.25.420 establishes powers and duties of                                                                     
          the Alaska Retirement Savings board.                                                                                  
            o Subsection (a) establishes the bounds of what                                                                     
          will be required of the board                                                                                         
            o Subsection (b) establishes what the board may                                                                     
          or may not do                                                                                                         
        • New AS 44.25.430 establishes:                                                                                         
          • The Attorney General shall provide legal                                                                            
          counsel for the board                                                                                                 
        • New AS 44.25.440 establishes:                                                                                         
          • Trustee's shall be compensated  for each day and                                                                    
     given a travel per diem                                                                                                    
        • New AS 44.25.450 establishes:                                                                                         
          •  The  department  shall provide  staff  for  the                                                                    
     board                                                                                                                      
        • New AS 44.25.460 establishes:                                                                                         
          • Individual information shall be confidential                                                                        
        • New AS 44.25.470 establishes:                                                                                         
          •   The  Commissioner   of  Labor   and  Workforce                                                                    
     Development will accept complaints  and issue fines for                                                                    
     employers not participating in the program                                                                                 
        • New AS 44.25.490 provides definitions                                                                                 
                                                                                                                              
     Section  5  Establishes  the initial  appointments  and                                                                  
     terms of  the Alaska Retirement Savings  Board trustees                                                                    
    other than the Commissioners of Revenue and Labor.                                                                          
                                                                                                                                
     Section  6  Sets an  effective  date  for the  bill  on                                                                  
     January 1, 2025.                                                                                                           
                                                                                                                                
1:42:27 PM                                                                                                                    
                                                                                                                                
Co-Chair  Stedman requested  further  clarification on  what                                                                    
the bill would do.                                                                                                              
                                                                                                                                
1:42:45 PM                                                                                                                    
                                                                                                                                
Senator  Wielechowski  replied  that  the  bill  applied  to                                                                    
businesses that  did not offer  a retirement plan.  The plan                                                                    
would  be  "opt-out"  for employees  and  would  require  no                                                                    
employer match.  He said that  employees could  withdraw the                                                                    
funds if they change jobs. He  said that the bill would make                                                                    
it easier  for small businesses  to set up  retirement style                                                                    
savings accounts for employees.                                                                                                 
                                                                                                                                
1:45:26 PM                                                                                                                    
                                                                                                                                
Co-Chair Stedman  understood that when the  employer cut the                                                                    
employee's paycheck  a certain amount  would be sent  to the                                                                    
trust account.                                                                                                                  
                                                                                                                                
1:45:36 PM                                                                                                                    
                                                                                                                                
Mr. Lottsfeldt replied in the  affirmative. The action would                                                                    
be a small addition to the monthly payroll of employers.                                                                        
                                                                                                                                
1:46:36 PM                                                                                                                    
                                                                                                                                
Co-Chair  Stedman  thought  that  an employer  could  do  an                                                                    
enlarged IRA for their employees  without instituting a plan                                                                    
as significant  as the bill suggested.  He expressed concern                                                                    
with burdening the employer with more paperwork.                                                                                
                                                                                                                                
1:47:17 PM                                                                                                                    
                                                                                                                                
Senator  Wielechowski stated  that 64  percent of  employers                                                                    
did not currently offer any kind of similar plan.                                                                               
                                                                                                                                
1:47:44 PM                                                                                                                    
                                                                                                                                
Senator Merrick  wondered whether thought had  been given to                                                                    
making the plan optional for employer participation.                                                                            
                                                                                                                                
1:47:55 PM                                                                                                                    
                                                                                                                                
Senator   Wielechowski  replied   in  the   affirmative.  He                                                                    
lamented that without a mandate,  employers would not choose                                                                    
to provide a plan for employees.                                                                                                
                                                                                                                                
1:48:16 PM                                                                                                                    
                                                                                                                                
Mr. Lottsfeldt  furthered that  the bill  was also  meant to                                                                    
motivate  small and  private businesses  to  offer plans  to                                                                    
employees.                                                                                                                      
                                                                                                                                
1:48:59 PM                                                                                                                    
                                                                                                                                
Senator  Kiehl  wondered  whether  the  plan  would  be  tax                                                                    
advantaged like a 401k.                                                                                                         
                                                                                                                                
1:49:09 PM                                                                                                                    
                                                                                                                                
Senator  Wielechowski replied  that it  would have  the same                                                                    
tax advantages as a 401k.                                                                                                       
                                                                                                                                
1:49:34 PM                                                                                                                    
                                                                                                                                
Senator Kiehl  commented that a  program like what  the bill                                                                    
proposed  would have  been  attractive to  him  when he  was                                                                    
young and starting out.                                                                                                         
                                                                                                                                
SB  135  was  heard  and   HELD  in  Committee  for  further                                                                    
consideration.                                                                                                                  
                                                                                                                                

Document Name Date/Time Subjects
SB135 Public Testimony-Letters of Support 04.05.24.pdf SFIN 5/10/2024 9:00:00 AM
SL&C 4/5/2024 1:30:00 PM
SB 135
SB135 Supporting Documents-AARP Research-Executive Summary 01.25.24.pdf SFIN 5/10/2024 9:00:00 AM
SL&C 2/14/2024 1:30:00 PM
SB 135
SB 135 Sectional Anaylsis 2024.04.09.pdf SFIN 5/10/2024 9:00:00 AM
SB 135
SB 135 SFIN Presentation 2024.04.09_.pdf SFIN 5/10/2024 9:00:00 AM
SB 135
SB 135 Sponsor Statement 2024.04.09.pdf SFIN 5/10/2024 9:00:00 AM
SB 135
SB 135 Summary of Changes 2024.04.09.pdf SFIN 5/10/2024 9:00:00 AM
SB 135
SB 217 CS in SFin summary of changes 5-9-24.pdf SFIN 5/10/2024 9:00:00 AM
SB 217
CSSB217(FIN)-D 5.9.24.pdf SFIN 5/10/2024 9:00:00 AM
SB 217
HB 155 Amendment 1 Wilson.pdf SFIN 5/10/2024 9:00:00 AM
HB 155
HB 155 Amendment 3 Bishop.pdf SFIN 5/10/2024 9:00:00 AM
HB 155
HB 155 Amendment 2 Bishop.pdf SFIN 5/10/2024 9:00:00 AM
HB 155
HB 66 Amendment 1 Olson.pdf SFIN 5/10/2024 9:00:00 AM
HB 66
HB 66 Amendment Packet 051024.pdf SFIN 5/10/2024 9:00:00 AM
HB 66
HB 50 2nd CS in SFin summary of changes 5-9-24.pdf SFIN 5/10/2024 9:00:00 AM
HB 50
HB 50 work draft version T.pdf SFIN 5/10/2024 9:00:00 AM
HB 50
CSHB347 Public Testimony Michael Jones.pdf SFIN 5/10/2024 9:00:00 AM
HB 347
HB 347 DCCED DCRA 051024.pdf SFIN 5/10/2024 9:00:00 AM
HB 347
HB 347 Sponsor Statement (CRA).pdf SFIN 5/10/2024 9:00:00 AM
HB 347
HB 347 Supporting Doc - Support Kreig.pdf SFIN 5/10/2024 9:00:00 AM
HB 347
HB 347 Supporting Doc - Support Moriarty.pdf SFIN 5/10/2024 9:00:00 AM
HB 347
HB 347(CRA) - Summary of Changes - Sectional Analysis 5.10.24.pdf SFIN 5/10/2024 9:00:00 AM
HB 347
HB 202 Research - DOH Opioid Data Dashboard 09.22-08.23.pdf SFIN 5/10/2024 9:00:00 AM
HB 202
HB 202 Research - ASD Overdose Kits in Schools 3.28.24.pdf SFIN 5/10/2024 9:00:00 AM
HB 202 Research - CDC Naloxone Info 3.21.24.pdf SFIN 5/10/2024 9:00:00 AM
HB 202
HB 202 Sectional Analysis Ver U 4.18.24.pdf SFIN 5/10/2024 9:00:00 AM
HB 202
HB 202 SFIN Possible Testifiers.pdf SFIN 5/10/2024 9:00:00 AM
HB 202
HB 202 Sponsor Statement Ver U 4.18.24.pdf SFIN 5/10/2024 9:00:00 AM
HB 202
HB 202 Summary of Changes from S to U 4.18.24.pdf SFIN 5/10/2024 9:00:00 AM
HB 202
HB 129 - Summary of Changes v.S to v.R.pdf SFIN 5/10/2024 9:00:00 AM
HB 129
HB 129 - Sponsor Statement.pdf SFIN 5/10/2024 9:00:00 AM
HB 129
HB 129 OOG DOE 050724.pdf SFIN 5/10/2024 9:00:00 AM
HB 129
HB 28 JUD ACS 042124.pdf SFIN 5/10/2024 9:00:00 AM
HB 28
HB 28 Sectional Analysis Version R 04.22.2024.pdf SFIN 5/10/2024 9:00:00 AM
HB 28
HB 28 Opposition.pdf SFIN 5/10/2024 9:00:00 AM
HB 28
HB 28 Supporting Document - Leg Research Report 3.4.2020.pdf SFIN 5/10/2024 9:00:00 AM
HB 28
HB 28 Support Letter AMIA 05.09.2023.pdf SFIN 5/10/2024 9:00:00 AM
HB 28
HB 28 Support Letter 05.09.2023.pdf SFIN 5/10/2024 9:00:00 AM
HB 28
HB 28 Explanation of Changes Version U to R 3.27.2024.pdf SFIN 5/10/2024 9:00:00 AM
HB 28
HB 28 Sectional Analysis Version R 04.02.2024.pdf SFIN 5/10/2024 9:00:00 AM
HB 28
HB 28 Sponsor Statement 04.02.2024.pdf SFIN 5/10/2024 9:00:00 AM
HB 28
HB 28 Amendment 1 Kiehl.pdf SFIN 5/10/2024 9:00:00 AM
HB 28
HB 120 CS in SFin summary of changes 5-11-24.pdf SFIN 5/10/2024 9:00:00 AM
HB 120
HB 120(FIN) work draft version -B.pdf SFIN 5/10/2024 9:00:00 AM
HB 120
SB 125 Amendment 1 Kiehl.pdf SFIN 5/10/2024 9:00:00 AM
SB 125