Legislature(1993 - 1994)
02/11/1993 02:45 PM House FIN
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* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
HOUSE BILL 73 "An Act relating to state and local taxation and other state regulation as affected by the Alaska Native Claims Settlement Act, as amended, and related federal statutes; and providing for an effective date." Co-Chair MacLean provided the Committee with a memorandum to Co-Chair Larson regarding "waiving" of HB 73. [Attachment with federal amendments made to the Alaska Native Settlement Act (ANCSA) in 1991. Representative Martin asked if the change would affect only corporation property. Co-Chair MacLean stated HB 73 would affect corporation and village corporation property; also homeowners property which they own for a twenty year period would be taxed under this federal law. Representative Martin asked at which point would it become individual property. Co-Chair MacLean explained the property would become taxable once it becomes "double-up". This law is already in existence. Co-Chair Larson MOVED TO WAIVE HB 73 to the next committee of referral. There being NO OBJECTIONS, it was so ordered.
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