04/14/2009 09:00 AM Senate FINANCE

SENATE BILL NO. 171                                                                                                           
                                                                                                                                
     "An Act relating to the permanent fund dividend of an                                                                      
     otherwise qualified individual who dies during the                                                                         
     qualifying year; and providing for an effective date."                                                                     
                                                                                                                                
9:17:22 AM                                                                                                                    
                                                                                                                                
SENATOR KEVIN MEYER, SPONSOR,  explained that the legislation                                                                   
provides for the issuance of a  permanent fund dividend check                                                                   
to  an eligible  individual who  dies  during the  qualifying                                                                   
year. The estate of a person who  was alive for more than 180                                                                   
days  during the  year  would  be allowed  to  apply for  and                                                                   
receive the  dividend, which current  law does not  allow. He                                                                   
spoke of the experience of constituents.                                                                                        
                                                                                                                                
Co-Chair  Stedman asked  the  effective  date. Senator  Meyer                                                                   
replied  January   2010.  Co-Chair  Stedman   clarified  that                                                                   
persons who died  after July 2009 would qualify.  He referred                                                                   
to an experience with a death in his family.                                                                                    
                                                                                                                                
Co-Chair  Stedman  pointed  out  that  the  fiscal  note  was                                                                   
reduced by $572,000 interagency receipts.                                                                                       
                                                                                                                                
Co-Chair  Hoffman  MOVED to  report  CS  SB 171(FIN)  out  of                                                                   
Committee   with    individual   recommendations    and   the                                                                   
accompanying fiscal  note. There  being NO OBJECTION,  it was                                                                   
so ordered.                                                                                                                     
                                                                                                                                
CS  SB 171(FIN)  was REPORTED  out  of Committee  with a  "do                                                                   
pass" recommendation  and with attached new fiscal  note 1 by                                                                   
the Department of Revenue.