Legislature(2015 - 2016)BELTZ 105 (TSBldg)
04/05/2016 01:30 PM Senate LABOR & COMMERCE
Note: the audio ![]()
and video ![]()
recordings are distinct records and are obtained from different sources. As such there may be key differences between the two. The audio recordings are captured by our records offices as the official record of the meeting and will have more accurate timestamps. Use the icons to switch between them.
| Audio | Topic |
|---|---|
| Start | |
| Confirmation Hearing: Alaska Gasline Development Corporation Board of Directors | |
| HB155 | |
| SB201 | |
| SB175 | |
| SB156 | |
| SB193 | |
| Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
| + | TELECONFERENCED | ||
| += | HB 155 | TELECONFERENCED | |
| += | SB 201 | TELECONFERENCED | |
| += | SB 175 | TELECONFERENCED | |
| + | SB 156 | TELECONFERENCED | |
| + | SB 193 | TELECONFERENCED | |
| + | HB 268 | TELECONFERENCED | |
| + | TELECONFERENCED | ||
HB 155-FEES; WAIVERS; CREDITS; DEDUCTIONS; TAXES
1:49:30 PM
CHAIR COSTELLO announced the consideration of HB 155; "An Act
repealing an exploration incentive credit; amending the
calculation of adjusted gross income for purposes of the tax on
gambling activities aboard large passenger vessels; repealing
the amount that may be deducted from the motor fuel tax to cover
the expense of accounting and filing for the monthly tax return;
repealing a provision allowing an investigation expense under
the Alaska Small Loans Act to be in place of a fee required
under the Alaska Business License Act; repealing the amount that
may be deducted from the tobacco excise tax to cover the expense
of accounting and filing for the monthly tax return; repealing
the discount on cigarette tax stamps provided as compensation
for affixing the stamps to packages; and providing for an
effective date." She noted this is the second hearing on the
bill and public testimony is closed. [CSHB 155(FIN) was before
the committee.]
1:49:58 PM
SENATOR GIESSEL moved to adopt the Senate CS for CS for HB 155,
labeled 29-LS0715\P, as the working document.
CHAIR COSTELLO objected for an explanation of the changes.
1:50:21 PM
WESTON EILER, Staff, Senate Labor and Commerce Committee and
Senator Mia Costello, Alaska State Legislature, related that the
first change removes Section 5 of the original bill. This
section dealt with motor fuel taxes and was removed at the
request of the sponsor. Conforming changes include the
renumbering of sections.
The second and third changes change the effective date in
Section 11 to January 1, 2017, and the effective date in Section
12 to July 1, 2016, due to collection dates of taxes.
CHAIR COSTELLO removed her objection and the CS was adopted.
1:52:07 PM
REPRESENTATIVE STEVE THOMPSON, Alaska State Legislature, sponsor
of SB 155 said he accepts the changes. Motor fuel taxes are
being addressed in another bill and the conforming date changes
make the bill apply this year instead of last year when the bill
was drafted.
He noted the bill came about because of a report two years ago
on indirect expenditure requirements. SB 155 is the start of
trying to reduce excessive indirect expenditures, tax credits,
and fees.
1:53:18 PM
SENATOR MEYER said it is a great bill, but he noted it is not
comprehensive and there are many tax credit bills in play. He
asked if there are more such bills that should be considered.
REPRESENTATIVE THOMPSON agreed that there are many tax credit
bills. This bill targets low-hanging fruit and could start the
process. He pointed out that the comprehensive report has sunset
dates every two years that will require reviews.
BRODIE ANDERSON, Staff, Representative Steve Thompson, Alaska
State Legislature, added that Legislative Finance identified the
items terminated by SB 155.
SENATOR MEYER asked how many different tax credits there are.
MR. ANDERSON stated that within the Department of Revenue, there
are a little over 10, but less than 20, designated tax credits.
The genesis of the indirect expenditure report was to go beyond
the scope of the credit and look at other ways the state might
have been losing revenue. The first report had over 150 pages of
expenditures identified from three or four departments.
1:56:00 PM
SENATOR GIESSEL moved to report the SCS for CSHB 155, labeled
29-LS0715\P, from committee with individual recommendations and
attached fiscal note.
CHAIR COSTELLO announced that without objection, SCS CSHB
155(L&C) is reported from the Senate Labor and Commerce Standing
Committee.