04/08/2014 01:30 PM Senate LABOR & COMMERCE

        HB 204-SALMON & HERRING PRODUCT DEV'T TAX CREDIT                                                                    
                                                                                                                                
2:07:05 PM                                                                                                                    
CHAIR DUNLEAVY  announced the  consideration of  HB 204.  "An Act                                                               
relating to a  product development tax credit  for certain salmon                                                               
and herring products; and providing  for an effective date." This                                                               
was  the   second  hearing.  [CSSSHB  204(FIN)   was  before  the                                                               
committee.]                                                                                                                     
                                                                                                                                
2:07:26 PM                                                                                                                    
ASTRID ROSE,  Staff, Representative Alan Austerman,  Alaska State                                                               
Legislature,  Juneau, Alaska,  explained  that HB  204 does  four                                                               
major  things:   1)  it  extends   the  sunset  of   the  product                                                               
development tax credit  to 2020; 2) it expands the  tax credit to                                                               
herring; 3) it allows the tax  credit to apply to can sizes other                                                               
than "pop top"  production; and 4) it  incentivizes byproduct use                                                               
of discharge waste from processing.                                                                                             
                                                                                                                                
2:08:38 PM                                                                                                                    
BRUCE  SCHACTLER, Director  of Global  Food  Aid, Alaska  Seafood                                                               
Marketing, said he  testified on HB 204 when in  was heard in the                                                               
House, and in the interest of  time he would simply state ongoing                                                               
support for  the bill. It  will do  good things for  the industry                                                               
and economic development, he said.                                                                                              
                                                                                                                                
CHAIR DUNLEAVY closed public testimony.                                                                                         
                                                                                                                                
SENATOR  MICCICHE  commented that  he  and  Senator Stedman  were                                                               
cosponsors and were interested of  increasing the value of Alaska                                                               
fisheries.                                                                                                                      
                                                                                                                                
2:10:05 PM                                                                                                                    
SENATOR  MICCICHE  moved  to  report  HB  204,  Version  P,  from                                                               
committee  with individual  recommendations  and attached  fiscal                                                               
note(s).                                                                                                                        
                                                                                                                                
CHAIR DUNLEAVY  announced that without objection  CSSSHB 204(FIN)                                                               
moved from the Senate Labor & Commerce Standing Committee.