Legislature(2023 - 2024)SENATE FINANCE 532
05/12/2024 02:00 PM Senate FINANCE
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| Audio | Topic |
|---|---|
| Start | |
| HB50 | |
| HB66 | |
| HB122 | |
| SB217 | |
| HB347 | |
| HB148 | |
| HB129 | |
| HB111 | |
| Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
| + | TELECONFERENCED | ||
| += | HB 66 | TELECONFERENCED | |
| += | HB 50 | TELECONFERENCED | |
| += | SB 217 | TELECONFERENCED | |
| += | HB 122 | TELECONFERENCED | |
| += | HB 148 | TELECONFERENCED | |
| += | HB 111 | TELECONFERENCED | |
| += | HB 347 | TELECONFERENCED | |
| += | HB 129 | TELECONFERENCED | |
| += | HB 202 | TELECONFERENCED | |
CS FOR HOUSE BILL NO. 148(FIN)
"An Act relating to the Alaska performance scholarship
program."
5:12:42 PM
Senator Kiehl MOVED to ADOPT the incorrect item.
5:13:10 PM
AT EASE
5:13:22 PM
RECONVENED
5:13:38 PM
Senator Kiehl MOVED to ADOPT committee substitute for CSHB
148(FIN), Work Draft 33-LS0624\Y (Bergerud, 5/11/24).
Co-Chair Olson OBJECTED for discussion.
KEN ALPER, STAFF, SENATOR DONNY OLSON, explained the
changes in the committee substitute. He referred to the
Summary of Changes (copy on file):
Change 1 New Section 1 removes a reference to Head
Start Program Performance Standards that was
in the 2022 READS Act. This section has
prevented rural Head Start programs from
accessing funding designated in that bill.
Change 2 New Section 2 requires the Department of
Education make a grant to each eligible Head
Start agency equal to the program's required
nonfederal contribution.
Change 3 Added a section that was in the Senate
companion, that increases a student's
eligibility for performance scholarships by
one semester for each semester the student
is enrolled part time in a qualified
university or college. This is Section 8 of
the committee substitute.
Change 4 Deleted language related to a grants program
for the Technical Vocational Education
Program operated through the Alaska
Workforce Investment Board. Removes the
sunset date that would have ended the
current practice of direct percentage
allocations to specific workforce training
providers. This is in Sections 13-14, and 27
of the Committee Substitute.
Change 5 Modified the percentage allocations to
several workforce training providers:
University of Alaska: 45% to 30%, with 5%
of that specifically allocated to the
University of Alaska Southeast
Northwestern Alaska Career and Technical
Center: 3% to 4%
Southwest Alaska Vocational and Education
Center: 3% to 4%
Amundsen Educational Center: 2% to zero
Ilsagvik College: 5% to 6%
Prince of Walkes Community Learning
Center: new allocation for 5%
Sealaska Heritage Institute: new
allocation for 2%
Fairbanks Pipeline Training Center: new
allocation for 7%
Change 6 The changes to the TVAP program, described
in Changes #4 and #5, are retroactive to
June 30, 2024 if the bill takes effect after
that date.
Change 7 Added language clarifying that contributions
of either cash or equipment are eligible for
a taxpayer to receive Education Tax Credits.
Also added an additional eligible criterion
to the Education Tax Credit program, for a
nonprofit educational research center
coordinating high school curricula in ten
specific subject areas and providing student
scholarships. This is in Sections 11, 15,
17, 19, 21, 23, and 25 of the committee
substitute.
Change 8 Increased the total allowable Education Tax
Credit a taxpayer can claim in a year from
$1 million to $3 million. This is in
Sections 12, 16, 18, 20, 22, 24, and 26 of
the committee substitute.
Change 10 Technical correction to a reference to the
Internal Revenue Code, in Section 16 of the
committee substitute.
Change 11 Extends the sunset of the Education Tax
Credit program for four years, to January 1,
2029. This is in Section 29 of the committee
substitute.
5:17:40 PM
Co-Chair Olson REMOVED his objection. There being NO
further OBJECTION, it was so ordered.
CSHB 148(FIN) was heard and HELD in Committee for further
consideration.