Legislature(2013 - 2014)HOUSE FINANCE 519
04/19/2014 08:30 AM House FINANCE
Audio | Topic |
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Start | |
SB74 | |
SB193 | |
SB108 | |
SB140 | |
SB71 | |
SB218 | |
SB64 | |
Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
+ | TELECONFERENCED | ||
+= | SB 74 | TELECONFERENCED | |
+= | SB 193 | TELECONFERENCED | |
+= | SB 108 | TELECONFERENCED | |
+= | SB 218 | TELECONFERENCED | |
+= | SB 71 | TELECONFERENCED | |
+= | SB 140 | TELECONFERENCED | |
+= | SB 64 | TELECONFERENCED | |
CS FOR SENATE BILL NO. 71(FIN) "An Act relating to the fishery resource landing tax." 4:36:07 PM Vice-Chair Neuman MOVED to ADOPT the proposed committee substitute for CSSB 71(FIN), Work Draft 28-LS0594\H (Bullard, 4/19/14). Co-Chair Stoltze OBJECTED for discussion. DANIEL GEORGE, STAFF, REPRESENTATIVE BILL STOLTZE, explained the changes in the CS. He pointed to language on page one adding a provision for an effective date. He pointed to page two, lines 21-28 including language changes related to tax payers electing to use the method. He stated that the sponsor and the Department of Revenue supported the change. The change was specified related to the notification by the taxpayer and the subsequent tax liability. He continued with section 4, line 29 and the addition of uncodified law pertaining to the transition and implementation of the bill. Section 5 addressed retroactivity to January 1, 2014. Section 6 included the newly added effective date. Co-Chair Stoltze WITHDREW his OBJECTION. There being NO OBJECTION, it was so ordered. 4:38:40 PM Representative Munoz MOVED to ADOPT Amendment 1, 28- LS0594\H.1, Bullard, 4/19/14, (copy on file). Page 1, line 1, following "tax": Insert "and cost recovery fisheries" Page 1, following line 3: Insert new bill sections to read: "* Section 1. AS 16.10.455(c) is amended to read: (c) As a condition of participation in a common property salmon fishery in a terminal harvest area under this section, a fisherman who participates in the fishery is subject to the payment of the assessment levied under (d) of this section on the projected value of the salmon or on the pounds of salmon harvested. The assessment is levied on the [VALUE OF] salmon that the fisherman takes in the terminal harvest area and sells to a licensed buyer. The buyer of the salmon must be licensed under AS 43.75, and the buyer shall collect the assessment on salmon taken in a terminal harvest area at the time of purchase and remit the assessment to the Department of Revenue in accordance with regulations adopted by the Department of Revenue. * Sec. 2. AS 16.10.455(d) is amended to read: (d) The Department of Revenue may, by regulation, annually, by March 1 of each year, set the [RATE OF THE] assessment levied on salmon taken in a terminal harvest area in consultation with the Department of Commerce, Community, and Economic Development, the hatchery permit holder, and representatives of affected commercial fishermen. The [RATE OF THE] assessment shall provide sufficient revenue to cover debt service to the state, reasonable operating expenses, reasonable maintenance expenses, and development or maintenance of a reserve fund up to 100 percent of annual operating costs of the hatchery permit holder. In setting the [RATE OF THE] assessment, the department shall consider the estimated return and harvest of salmon in the terminal harvest area, the projected price to be paid for salmon in the region, the amount of the existing reserve held by the hatchery permit holder, and the amount by which the assessment collected in previous years exceeded or fell short of the amount anticipated to be collected. The [TOTAL RATE OF THE] assessment may not exceed 50 percent of the value of the salmon. The department may levy the assessment as a percentage of the projected value of the salmon returning to the terminal harvest area or as a flat rate on each pound of salmon harvested in the area, to the nearest whole cent." Page 1, line 4: Delete "Section 1" Insert "Sec. 3" Renumber the following bill sections accordingly. Page 3, line 3: Delete "secs. 1 - 3" Insert "secs. 3 - 5" Page 3, line 4: Delete "sec. 3" Insert "sec. 5" Page 3, line 4: Delete "Sections 1 - 3" Insert "Sections 3 - 5" Co-Chair Stoltze OBJECTED for discussion. Representative Munoz explained the amendment addressing the method used by hatcheries to determine the assessment on the revenues collected on fish returning to the hatchery area. She stated that the assessment was set as a percentage on the fish. The current assessment was 20 percent. She noted that the issues faced by the hatcheries included the variety of payments for the fish. The 20 percent was set allowing for variation on hatchery payments. She highlighted the option of percentage or flat rate, which would be based on a projected value of salmon returning to the hatchery area. The assessments were paid to the Department of Revenue who appropriated the funds to the hatchery for operations. The amendment was supported by all state hatcheries along with the Southeast Saners Association. SENATOR PETER MICCICHE, SPONSOR, supported the amendment. Co-Chair Stoltze WITHDREW his OBJECTION. There being NO further OBJECTION, Amendment 1 was ADOPTED. Representative Costello addressed the two fiscal notes including one previously published indeterminate fiscal note from the Department of Revenue and one previously published zero fiscal note from the Department of Commerce, Community and Economic Development. Vice-Chair Neuman MOVED to REPORT HCS CSSB 71(FIN) out of committee with individual recommendations and the accompanying fiscal notes. HCS CSSB 71(FIN) was REPORTED out of committee with a "do pass" recommendation and with one previously published zero fiscal note: FN3 (CED) and one previously published indeterminate fiscal note: FN4 (REV). Senator Micciche thanked the committee for its work on the bill. 4:43:59 PM AT EASE 4:45:16 PM RECONVENED
Document Name | Date/Time | Subjects |
---|---|---|
HFC CS SB 108 (FIN).pdf |
HFIN 4/19/2014 8:30:00 AM |
SB 108 |
CS WORKDRAFT FIN Y version.pdf |
HFIN 4/19/2014 8:30:00 AM |
SB 193 |
SB 108 Court View Disclaimer.pdf |
HFIN 4/19/2014 8:30:00 AM |
SB 108 |
SB 64 CS WORKDRAFT HFIN 28-LS0116Q.pdf |
HFIN 4/19/2014 8:30:00 AM |
SB 64 |
SB 140 CS WORKDRAFT FIN 28-LS1246B.pdf |
HFIN 4/19/2014 8:30:00 AM |
SB 140 |
SB 71 CS WORKDRAFT FIN 28-LS0594H.pdf |
HFIN 4/19/2014 8:30:00 AM |
SB 71 |
SB 64 MADD Document.pdf |
HFIN 4/19/2014 8:30:00 AM |
SB 64 |
SB 218 CS WORKDRAFT HFIN 28-LS1567-P.pdf |
HFIN 4/19/2014 8:30:00 AM |
SB 218 |
SB 71 Amendment Munoz #1 HFIN.pdf |
HFIN 4/19/2014 8:30:00 AM |
SB 71 |
SB 64 Amendment #1 Holmes.pdf |
HFIN 4/19/2014 8:30:00 AM |
SB 64 |
SB 64 Amendment Replacement #1 Holmes.pdf |
HFIN 4/19/2014 8:30:00 AM |
SB 64 |