Legislature(2007 - 2008)SENATE FINANCE 532
04/02/2008 09:00 AM Senate FINANCE
Audio | Topic |
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Start | |
HB 45 | |
HB 61 | |
HB 285 | |
HB 330 | |
Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
+= | HB 45 | TELECONFERENCED | |
+= | HB 326 | TELECONFERENCED | |
+= | HB 61 | TELECONFERENCED | |
+ | HB 285 | TELECONFERENCED | |
+= | HB 330 | TELECONFERENCED | |
+ | TELECONFERENCED |
CS FOR HOUSE BILL NO. 61(FIN) "An Act relating to tax credits for cash contributions by taxpayers that are accepted for certain educational purposes, including vocational education programs and courses at the secondary school level and to tax credits for cash contributions by tax payers that are accepted by a state-operated vocational technical education and training school; and providing for an effective date." 9:43:44 AM Co-Chair Stedman informed the Committee that the intent was to hear from the sponsor and take public testimony. REX SHATTUCK, STAFF, REPRESENTATIVE MARK NEUMAN, presented an overview of the bill. He referred to the committee substitute version M that incorporated changes brought forward in the last meeting. He remarked that language was inserted and removed. In Section 43.20.14 language in the income tax education credit was removed. Mr. Shattuck mentioned two drafting errors in the M version: Page 5, line 10 read AS 34.20.014(e) should read AS 43.20.014(e) and Page 6, line 29 read AS 42.20.014(e) should read AS 43.20.014(e). 9:46:59 AM Co-Chair Stedman noted the drafting errors and asked if there was any objection to revising the committee substitute to clean-up these changes. There being NO OBJECTION, it was so ordered. Senator Thomas questioned that as the bill has changed over time was there any impact on the existing two and four year schools. 9:47:15 AM REPRESENTATIVE MARK NEUMAN replied that there were no changes to current statutes. 9:47:53 AM Senator Huggins believed this bill to be an innovative way to deal with vocational changes that can make a difference. 9:48:22 AM Senator Elton referred to his local high school home building program that over the last several years has won the national championship three times. A provision such as this bill may allow the local business community to contribute even more to the program. 9:48:55 AM Co-Chair Hoffman MOVED to REPORT SCS CSHB 61 (FIN) out of Committee with individual recommendations and an accompanying fiscal note. There being NO OBJECTION, it was so ordered. SCS CSHB 61 (FIN) was REPORTED out of Committee with a "do pass" recommendation and an accompanying new accompanying fiscal note by the Department of Revenue. 9:49:40 AM
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