SB 130-FISHERIES PROD DEVELOPMENT TAX CREDIT  3:34:05 PM CHAIR GIESSEL announced the consideration of SENATE BILL NO. 130 "An Act relating to the fisheries product development tax credit; providing for an effective date by amending the effective date of sec. 2, ch. 31, SLA 2022; and providing for an effective date." CHAIR GIESSEL asked Senator Wielechowski if he would like to offer amendment A.1. 3:34:40 PM SENATOR WIELECHOWSKI said not at this time. 3:35:02 PM CHAIR GIESSEL solicited a motion. 3:35:05 PM SENATOR WIELECHOWSKI moved to adopt [Amendment 1], work order 34-LS0735\A.2. 34-LS0735\A.2 Gunther/Bullard 4/10/25 AMENDMENT 1 OFFERED IN THE SENATE BY SENATOR WIELECHOWSKI TO: SB 130 Page 1, following line 4: Insert a new bill section to read:  "* Section 1. AS 43.05.230(m) is amended to read: (m) The number of recipients and the total amount of tax credits claimed for each species [TYPE] of eligible fish under AS 43.75.037 is public information. In this subsection, "eligible fish" has the meaning given in AS 43.75.037(k)." Page 1, line 5: Delete "Section 1" Insert "Sec. 2" Renumber the following bill sections accordingly. Page 2, following line 8: Insert a new bill section to read:  "* Sec. 4. AS 43.75.037(j) is amended to read: (j) To claim a credit under this section, a taxpayer shall agree that the department may make public the number of recipients and the total amount of tax credits claimed for each species [TYPE] of eligible fish. Notwithstanding any contrary provision in AS 40.25.100 or AS 43.05.230, the number of recipients and the total amount of tax credits claimed for each species [TYPE] of eligible fish is public information." Renumber the following bill sections accordingly. 3:35:08 PM CHAIR GIESSEL objected for purposes of discussion. 3:35:13 PM SENATOR WIELECHOWSKI explained that Amendment 1 clarifies that businesses must report the number of recipients and the amount of tax credit for each species of fish and shellfish. This would ensure that the Legislative Finance Division has the data needed to evaluate the tax credit. He explained that Legislative Finance previously evaluated the tax credit (2021) and found that it was effective for salmon; however, the data for herring was insufficient. The legislature added a disclosure of data requirement in 2022 that included each type of fish. SB 130 expands the tax credit to any species of fish or shellfish. He surmised that recipients may interpret the tax credit data requirement to mean an aggregate of the various fish and shellfish (rather than reporting for individual species). He reiterated that Amendment 1 would clarify that the reporting requirement must be provided for each species. 3:36:23 PM At ease. 3:36:30 PM CHAIR GIESSEL reconvened the meeting and invited comments on [Amendment 1]. 3:36:46 PM TIM LAMKIN, Staff, Senator Gary Stevens, Alaska State Legislature, Juneau, Alaska, expressed appreciation for and indicated support of [Amendment 1]. 3:36:59 PM CHAIR GIESSEL removed her objection; she found no further objection and [Amendment 1] was adopted. 3:37:06 PM CHAIR GIESSEL noted that public testimony on SB 130 was previously held open. She found no further public testimony. 3:37:36 PM CHAIR GIESSEL closed public testimony on SB 130. 3:37:38 PM CHAIR GIESSEL solicited the will of the committee. 3:37:41 PM SENATOR WIELECHOWSKI moved to report SB 130, work order 34- LS0735\A, as amended, from committee with individual recommendations and attached fiscal note(s). He gave authorization for Legislative Legal Services to make technical and conforming changes. 3:37:56 PM CHAIR GIESSEL found no objection and CSSB 130(RES) was reported from the Senate Resources Standing Committee.