Legislature(2015 - 2016)SENATE FINANCE 532
04/16/2016 09:00 AM Senate FINANCE
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| Audio | Topic |
|---|---|
| Start | |
| HB100 | |
| HB83 | |
| HB155 | |
| HB231 | |
| HB375 | |
| HB156 | |
| HB41 | |
| HB259 | |
| SB130 | |
| Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
| += | HB 100 | TELECONFERENCED | |
| += | HB 83 | TELECONFERENCED | |
| += | HB 155 | TELECONFERENCED | |
| += | HB 231 | TELECONFERENCED | |
| += | HB 375 | TELECONFERENCED | |
| += | HB 156 | TELECONFERENCED | |
| += | HB 41 | TELECONFERENCED | |
| += | HB 259 | TELECONFERENCED | |
| += | SB 130 | TELECONFERENCED | |
| + | TELECONFERENCED | ||
| + | TELECONFERENCED |
SENATE FINANCE COMMITTEE
April 16, 2016
9:07 a.m.
9:07:07 AM
CALL TO ORDER
Co-Chair MacKinnon called the Senate Finance Committee
meeting to order at 9:07 a.m.
MEMBERS PRESENT
Senator Anna MacKinnon, Co-Chair
Senator Pete Kelly, Co-Chair
Senator Peter Micciche, Vice-Chair
Senator Click Bishop
Senator Mike Dunleavy
Senator Lyman Hoffman
Senator Donny Olson
MEMBERS ABSENT
None
ALSO PRESENT
Tom Wright, Staff, Senator Mike Chenault; Representative
Gabrielle LeDoux, Sponsor; Brodie Anderson, Staff,
Representative Steve Thompson; Esther Mielke, Staff,
Representative Bob Lynn; Konrad Jackson, Staff,
Representative Kurt Olson; Jerry Burnett, Deputy
Commissioner, Treasury Division, Department of Revenue;
Representative Wes Keller, Sponsor; Benjamin Huber, Staff,
Senator Mike Dunleavy; Erin Shine, Staff, Senator Anna
MacKinnon; Thor Stacey, Alaska Professional Hunters
Association, Juneau; Kevin Brooks, Deputy Commissioner,
Department of Fish and Game; Mark Luiken, Commissioner,
Department of Transportation and Public Facilities; Heather
Fair, Chief, Statewide Right of Way, Department of
Transportation and Public Facilities; Janak Mayer, Chairman
and Chief Technologist, enalytica.
PRESENT VIA TELECONFERENCE
April Wilkerson, Director, Division of Administrative
Services, Department of Corrections; Jeff Edwards,
Executive Director, Parole Board; Tom Brookover, Director,
Division of Sport Fish, Department of Fish and Game; Seth
Beausang, Assistant Attorney, Department of Law.
SUMMARY
SB 130 TAX;CREDITS;INTEREST;REFUNDS;O & G
SB 130 was HEARD and HELD in committee for
further consideration.
CSHB 41(FIN)am
SPORT FISHING SERVICES
CSHB 41(FIN) was HEARD and HELD in committee for
further consideration.
CSHB 83(JUD)
REPEAL COLLECTION OF CIVIL LITIG. INFO
CSHB 83(JUD) was REPORTED out of committee with
"no recommendation" and with three previously
published zero fiscal notes: FN 3(ADM); FN
4(LAW); FN 5(AJS).
CSHB 100(FIN)
UREA/AMMONIA/GAS-LIQ FACILITY; TAX CREDIT
SCS CSHB 100(FIN) was REPORTED out of committee
with a "do pass" recommendation and with the
previously published fiscal note: FN2 (REV).
CSHB 155(FIN)
FEES; WAIVERS; CREDITS; DEDUCTIONS;TAXES
SCS CSHB 155(L&C) was REPORTED out of committee
with "no recommendation" and with one new zero
fiscal note from the Department of Revenue.
CSHB 156(EDC)am
SCHOOL ACCOUNTABILITY MEASURES; FED. LAW
SCS CSHB 156(FIN) was REPORTED out of committee
with "no recommendation" and with one new zero
fiscal note from the Department of Education and
Early Development.
CSHB 231(FIN)
EXTEND BOARD OF PAROLE
SCS CSHB 231(STA) was REPORTED out of committee
with "no recommendation" and with the previously
published fiscal impact note: FN 3(COR).
HB 259 RELOCATION ASSISTANCE FOR FED. PROJ/PROG
HB 259 was HEARD and HELD in committee for
further consideration.
CSHB 375(FIN)
ELECTRONIC TAX RETURNS & REPORTS
CSHB 375(FIN) was REPORTED out of committee with
"no recommendation" and with one previously
published indeterminate fiscal note: FN 1(REV).
CS FOR HOUSE BILL NO. 100(FIN)
"An Act establishing a credit against the net income
tax for an in-state processing facility that
manufactures urea, ammonia, or gas-to-liquid products;
relating to establishing the value of the state's
royalty share of gas production based on contracts
with certain in-state processing facilities that
manufacture urea, ammonia, or gas-to- liquid products;
and providing for an effective date."
9:08:01 AM
AT EASE
9:08:28 AM
RECONVENED
9:08:55 AM
TOM WRIGHT, STAFF, SENATOR MIKE CHENAULT, explained the
legislation.
9:11:02 AM
AT EASE
9:11:17 AM
RECONVENED
9:11:22 AM
Senator Bishop MOVED to ADOPT Amendment 1, 29-LS0423\S.4,
Nauman, 4/12/16 (copy on file):
Page2, line 8:
Delete "and"
Page 2, line 20, following the second occurrence of
"gas":
Insert "; and
(3) the agreement requires, to the maximum extent
permitted by law, the lessee to
(A) hire qualified residents from throughout
the state for the management, engineering,
construction, operation, and maintenance of,
and other positions for, a natural gas
pipeline project;
(B) establish hiring facilities in the state
or use existing hiring facilities in the
state; and
(C) use, as far as practicable, the job
centers and associated services operated by
the Department of Labor and Workforce
Development and an Internet-based labor
exchange system operated by the state"
Page 3, line 5, following "shall":
Insert"(l)"
Page 3, line 10, following "gas":
Insert "; and demonstrate to the department that
the taxpayer, to the maximum extent possible,
A) hires qualified residents from throughout the state
for the management, engineering, construction,
operation, and maintenance of, and other positions
for, a natural gas pipeline project;
(B) establishes hiring facilities in the state or uses
existing hiring facilities in the state; and
(C) uses, as far as practicable, the job centers and
associated services operated by the Department of
Labor and Workforce Development or an Internet-based
labor exchange system operated by the state"
Co-Chair MacKinnon OBJECTED for DISCUSSION.
Senator Bishop explained the amendment. He stated that it
complemented the intent of the bill.
Senator Hoffman wanted to be listed as a sponsor of
Amendment 1.
Senator Dunleavy queried the change to page 2, line 6.
Senator Bishop replied that the job center system would be
used to access the labor in the state.
Senator Dunleavy surmised that private and public entities
could access the system. Senator Bishop agreed
9:13:58 AM
Senator Olson wondered if there were any disagreements
between Pt. Thompson as opposed to Cook Inlet, as related
to constitutionality. Senator Bishop replied in the
negative.
Senator Olson wondered whether the amendment was
constitutional. Senator Bishop replied in the affirmative.
Senator Olson asked whether the sponsor was in support of
the amendment. Senator Bishop replied in the affirmative.
Co-Chair MacKinnon asked whether the sponsor was in support
of the amendment. Mr. Wright replied in the affirmative.
Vice-Chair Micciche supported the amendment. He asked to be
a cosponsor of the amendment. He did not feel that the bill
created an issue with constitutionality.
Co-Chair MacKinnon WITHDREW the OBJECTION. There being NO
OBJECTION, Amendment 1 was adopted.
Vice-Chair Micciche explained the fiscal note.
Vice-Chair Micciche MOVED to report SCS CSHB 100(FIN) out
of Committee with individual recommendations and the
accompanying fiscal note. There being NO OBJECTION, it was
so ordered.
SCS CSHB 100(FIN) was REPORTED out of committee with a "do
pass" recommendation and with the previously published
fiscal note: FN2 (REV).
9:17:28 AM
AT EASE
9:20:49 AM
RECONVENED
CS FOR HOUSE BILL NO. 83(JUD)
"An Act relating to collecting information about civil
litigation by the Alaska Judicial Council; repealing
Rule 41(a)(3), Alaska Rules of Civil Procedure, and
Rules 511(c) and (e), Alaska Rules of Appellate
Procedure; and providing for an effective date."
9:21:13 AM
Vice-Chair Micciche discussed the three previously
published fiscal notes.
9:22:33 AM
REPRESENTATIVE GABRIELLE LEDOUX, SPONSOR, discussed the
legislation:
In 2005, Alaska moved away from a defined benefit
(DB) to a defined contribution (DC) retirement system
for public employees hired after July 1st, 2006. Both
the DB and DC plans contain risks and benefits to
employees and employers. With a DB plan comes the
advantage of professional money management, lower
fees, pooled risk and long term investment strategies.
However, employers carry significant risk if
investment returns fall short or actuarial predictions
prove inaccurate, which they are shielded from in a DC
plan. Taking both of these points of view into
account, the Variable Benefit Retirement System (VBRS)
was developed.
The goal of the VBRS is to fund a retirement system
for public safety employees through employee and
employer contributions that will provide for self-
sufficient retirees and protect employers and
taxpayers from the liability suffered in the event of
plan shortfalls. It affords public safety employees
the distinct advantages and efficiencies of a DB plan
by guaranteeing a benefit level and medical stipend,
and affords employers the fiscal discipline and
control of a DC plan by maintaining a fixed 22%
employer contribution and adjusting benefit levels to
address any changes in the size of the fund. Other
features of the plan include:
ages, adjustable medical stipend and adjustable
employees contribution rates to deal with
shortfalls and maintain a healthy fund
| Document Name | Date/Time | Subjects |
|---|---|---|
| HB 100 Amendment S.4 Bishop.pdf |
SFIN 4/16/2016 9:00:00 AM |
HB 100 |
| HB 41 Amendment 2 Olson.pdf |
SFIN 4/16/2016 9:00:00 AM |
HB 41 |
| HB 41 Amendment 1 Dunleavy.pdf |
SFIN 4/16/2016 9:00:00 AM |
HB 41 |
| HB 156 Amendment 1 Micciche.pdf |
SFIN 4/16/2016 9:00:00 AM |
HB 156 |
| HB 156 Conceptual Amendement to Amendment 1 Micchiche.pdf |
SFIN 4/16/2016 9:00:00 AM |
HB 156 |