04/09/2014 08:30 AM House FINANCE

HOUSE BILL NO. 379                                                                                                            
                                                                                                                                
     "An Act relating to the limitation on the value of                                                                         
     property taxable by a municipality; and providing for                                                                      
     an effective date."                                                                                                        
                                                                                                                                
8:49:02 AM                                                                                                                    
                                                                                                                                
Co-Chair Stoltze  stated that  an amendment  from Department                                                                    
of Administration  (DOA) had been incorporated  into the new                                                                    
committee substitute.                                                                                                           
                                                                                                                                
Vice-Chair  Neuman MOVED  to  ADOPT  the proposed  committee                                                                    
substitute    for   HB    379,   Work    Draft   28-LS1633\U                                                                    
(Bullard/Bullock, 4/8/14).                                                                                                      
                                                                                                                                
Co-Chair Stoltze OBJECTED for discussion.                                                                                       
                                                                                                                                
REPRESENTATIVE  BENJAMIN   NAGEAK,  SPONSOR,   approved  the                                                                    
changes in the committee substitute.                                                                                            
                                                                                                                                
JACOB  ADAMS,  CHIEF  ADMINISTRATIVE  OFFICER,  NORTH  SLOPE                                                                    
BOROUGH,  BARROW,  agreed  with  changes  in  the  committee                                                                    
substitute.                                                                                                                     
                                                                                                                                
Co-Chair  Stoltze WITHDREW  his  OBJECTION.  There being  NO                                                                    
OBJECTION, it was so ordered.                                                                                                   
                                                                                                                                
Representative   Costello  discussed   the  fiscal   note  -                                                                    
indeterminate from Department of Revenue.                                                                                       
                                                                                                                                
MATT FONDER, DIRECTOR, TAX  DIVISION, DEPARTMENT OF REVENUE,                                                                    
ANCHORAGE  (via  teleconference),  relayed that  the  change                                                                    
made  to the  bill  would not  impact  revenues. The  change                                                                    
would only  help the department  administer changes  made in                                                                    
the bill.                                                                                                                       
                                                                                                                                
ANGELA   RODELL,   COMMISSIONER,  DEPARTMENT   OF   REVENUE,                                                                    
appreciated the  addition of  the clarifying  language added                                                                    
in the amendment.                                                                                                               
                                                                                                                                
Co-Chair Stoltze asked if there were any amendments.                                                                            
                                                                                                                                
Vice-Chair  Neuman  MOVED to  REPORT  CSHB  379(FIN) out  of                                                                    
committee   with   individual    recommendations   and   the                                                                    
accompanying fiscal  note. There being NO  OBJECTION, it was                                                                    
so ordered.                                                                                                                     
                                                                                                                                
CSHB 379(FIN) was REPORTED out of committee with a "do                                                                          
pass" recommendation and with one new indeterminate fiscal                                                                      
note from the Department of Revenue.                                                                                            
                                                                                                                                
8:53:29 AM                                                                                                                    
AT EASE                                                                                                                         
                                                                                                                                
8:54:48 AM                                                                                                                    
RECONVENED