Legislature(2015 - 2016)HOUSE FINANCE 519
04/14/2016 01:30 PM House FINANCE
| Audio | Topic |
|---|---|
| Start | |
| HB250 | |
| HB194 | |
| HB249 | |
| Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
| += | HB 81 | TELECONFERENCED | |
| += | HB 250 | TELECONFERENCED | |
| += | HB 249 | TELECONFERENCED | |
| + | TELECONFERENCED | ||
| += | HB 194 | TELECONFERENCED | |
HOUSE BILL NO. 249
"An Act requiring the electronic submission of a tax
return or report with the Department of Revenue;
relating to the motor fuel tax; and providing for an
effective date."
Vice-Chair Saddler MOVED to ADOPT the proposed committee
substitute for HB 249 (FIN), Work Draft (29-GH2912\G).
There being NO OBJECTION, it was so ordered.
Ms. Pierson stated that the legislation was a combination
of the fisheries taxes, the mining taxes, and the motor
fuel taxes. She read from the sectional analysis:
Alaska Commercial Fisheries Entry Commission
Section 1: Amends AS 16.43.160 (c) - Removes the $3000
cap for entry permits and interim use
permits in entry into Alaska Commercial
Fisheries
Royalty Payments for Mining
Section 2: Amends AS 27.30.030 (a) -eliminates the use
of credits for royalty payment
Section 3: Conforming language to re-numeration in
section 2
Section 4: Amends AS 27.30.40 - Removes royalty
payment period from credits that be carried
forward
Section 5: Amends AS 27.30.050 - Removes royalty
payment periods from the limit of
applications of credits
Electronic Filing
Section 6: Adds new section, AS 43.05.045 - Electronic
filing reporting, provides a 5 year
exemption
Section 7: Adds new section, AS 43.05.220 - penalty
for failure to comply with electronic
filing
Section 8: Amends AS 43.31.111 - changes notification
of death for tax filings
Motor Fuel Tax
Section 9: Amends AS 43.40.010 (a) motor fuel tax on
fuel sold or transferred
Motor Fuel - changes the tax rate to 16
cents from 8 cents
Aviation Gasoline - changes the tax rate to
7 cents from 4.7 cents
Watercraft Motor Fuel - changes the tax
rate to 10 cents from 5 cents
Aviation Fuel - changes the tax rate to 6.5
from 3.2 cents
Section 10: Amends AS 43.40.010 (b) motor fuel tax on
fuel consumed by user
Motor Fuel - changes the tax rate to 16
cents from 8 cents
Aviation Gasoline - changes the tax rate
to 7 cents from 4.7 cents
Watercraft Motor Fuel - changes the tax
rate to 10 cents from 5 cents
Aviation Fuel - changes the tax rate to
6.5 from 3.2 cents
Section 11: Amends AS 43.40.030 (a) - changes the non-
highway use refund to 12 cents from 6
cents
Alcohol Tax
Section 12: Amends AS 43.60.020 (a) - changes filing
requirements for filing reports
Mining Tax
Section 13: Amends AS 43.65.101 (a) - changes tax
exempt for new production to 3 years from
3.5 years
Section 14: Amends AS 43.65.010 (c) - License tax
rates on net income
Changes the tax rate for taxpayers, excess
over $100,000 to 8 cents from 7 cents
Section 15: Amends AS 43.65.020 (d) - changes filing
requirements for filing tax returns
Section 16: Amends AS 43.65.030 - Changes mining
application fees and renewals to $50 and
changes date for filing to January 1st
from May 1st of each license year
Fish Business Tax
Section 17: Amends AS 43.75.015 (a) - Fisheries
Business License Tax
Salmon Canned Shore-based Business -
changes tax rate to 5 percent from 4
percent
Salmon Processed Shore-based Business -
changes tax rate to 4 percent from 3
percent
Floating Business - changes tax rate to 6
percent from 5 percent
Section 18: Amends AS 43.75.015 (b) Developing
Commercial Species - Fisheries Business
License Tax
Developing Commercial Species Fisheries
Shore-based Business- changes tax rate to
4 percent from 1 percent
Developing Commercial Species Fisheries
Floating Business - changes tax rate to 4
percent from 1 percent
Section 19: Amends AS 43.75.015 (d) Direct Marketing
Developing Commercial Species - Fisheries
Business License Tax
Developing Commercial Species Fisheries -
changes tax rate to 4 percent from 1
percent
Commercial Fish Species - changes tax rate
to 4 percent from 3 percent
Section 20: Amends 43.75.030 (b) - changes filing
requirements for filing tax returns
Section 21: Amends AS 43.75.130 (a) - 1 percent of
tax revenue is deposited in general fund
the remaining balance is divided by
formula for local municipalities and
governments as currently in statute
Fish Resource Landing Tax
Section 22: Amends AS 43.77.010 -Fish Landing Tax
Developing commercial fish species -
changes tax rate to 4 percent from 1
percent
All other fish species - changes tax rate
to 4 percent from 3 percent
Section 23: Amends AS 43.77.060 (a) - 1 percent of
tax revenue is deposited in general fund
the remaining balance is divided by
formula for local municipalities and
governments as currently in statute
Section 24: Amends AS43.77.060 (b) - 1 percent of tax
revenue is deposited in general fund the
remaining balance is divided by formula
for local municipalities and governments
as currently in statute
Uncodified Law
Section 25: Establishes Mining Tax Working Group
Section 26: Applicability for all statutes
referenced
Section 27: Transitional provision to accommodate
regulations
Section 28: Established an immediate effective date
for Section 27
Section 29: Establishes an effective date of July 1,
2016 for Section 1-26
3:13:16 PM
HB 249 was HEARD and HELD in committee for further
consideration.
Co-Chair Thompson reviewed the agenda for the day. He
relayed that amendments for HB 245, HB 249, and HB 250 were
due to his office by 5:00 pm Friday, April 15, 2016.
Co-Chair Thompson recessed the meeting to the Call of the
Chair. [Secretary Note: the meeting never reconvened.]
| Document Name | Date/Time | Subjects |
|---|---|---|
| HB 249 CS WORKDRAFT vG.pdf |
HFIN 4/14/2016 1:30:00 PM |
HB 249 |
| HB 249 CFEC Letter.pdf |
HFIN 4/14/2016 1:30:00 PM |
HB 249 |
| HB 249 CFEC vessels affected by removal of fee cap.pdf |
HFIN 4/14/2016 1:30:00 PM |
HB 249 |
| HB 249 CFEC 16.02.19 Gho memo on fee ceiling.pdf |
HFIN 4/14/2016 1:30:00 PM |
HB 249 |
| HB 249 CFEC Letter.pdf |
HFIN 4/14/2016 1:30:00 PM |
HB 249 |
| HB 249 Sectional FIN.pdf |
HFIN 4/14/2016 1:30:00 PM |
HB 249 |