04/29/1999 03:30 PM Senate STA

               HJR 34-REPEAL ESTATE AND GIFT TAX                                                                                
                                                                                                                                
REPRESENTATIVE COGHILL, sponsor of HJR 34, stated his original                                                                  
intent was to repeal the estate tax in Alaska, but it is a sponge                                                               
tax, therefore Alaska receives only a portion of what the federal                                                               
government gets.  HR 86 is making its way through Congress at this                                                              
time.  HJR 34 expresses support for HR 86 which would do away the                                                               
inheritance tax.                                                                                                                
                                                                                                                                
SENATOR GREEN moved HJR 34 from committee with individual                                                                       
recommendations.  There being no objection, HJR 34 was moved from                                                               
committee.