CS FOR SENATE BILL NO. 19(FIN)                                                                                                
                                                                                                                                
     "An Act specifying the vehicle rental tax for                                                                              
     motorcycles and motor-driven cycles; and providing for                                                                     
     an effective date."                                                                                                        
                                                                                                                                
4:37:37 PM                                                                                                                    
                                                                                                                                
Vice-chair  Fairclough  MOVED  to ADOPT  proposed  committee                                                                    
substitute   for  CSSB   19(FIN),  Work   Draft  27-LS0157\I                                                                    
(Luckhaupt, 4/13/12).                                                                                                           
                                                                                                                                
Co-Chair Stoltze OBJECTED for purpose of discussion.                                                                            
                                                                                                                                
JOE  MICHEL, STAFF,  REPRESENTATIVE BILL  STOLTZE, explained                                                                    
the  changes  in the  work  draft.  The  3 percent  tax  for                                                                    
motorcycles  was removed  from the  previous version  of the                                                                    
bill. Page 3,  line 11, Section H stated  that "a motorcycle                                                                    
or  motor-driven cycles  as those  terms are  defined in  AS                                                                    
28.90.990."                                                                                                                     
                                                                                                                                
Co-Chair  Stoltze WITHDREW  his  OBJECTION.  There being  NO                                                                    
further OBJECTION, Work Draft 27-LS0157\I was adopted.                                                                          
                                                                                                                                
Co-Chair Stoltze  wondered if the  bill sponsor  was pleased                                                                    
with the changes in the CS.                                                                                                     
                                                                                                                                
KRISTEN  PETERSON, STAFF,  SENATOR HOLLIS  FRENCH, responded                                                                    
that  the  bill  sponsor   and  Alaskan  motorcyclists  were                                                                    
pleased with the changes.                                                                                                       
                                                                                                                                
Vice-chair  Fairclough wondered  if the  CS would  cause any                                                                    
changes to  the current  fiscal notes. Ms.  Peterson replied                                                                    
that there would be a $3400 loss from the DOR fiscal note.                                                                      
                                                                                                                                
Vice-chair Fairclough pointed to the  second page of the DOR                                                                    
fiscal note, "the state  receives approximately $12,000 each                                                                    
year in  vehicle rental tax  from the rental  of motorcycles                                                                    
in  the  state  of  Alaska."  She  felt  that  the  accurate                                                                    
reflection on  the fiscal note  would be a  negative $12,000                                                                    
on FY 13 to FY 18.                                                                                                              
                                                                                                                                
Co-Chair  Thomas MOVED  to report  HCS CSSB  19(FIN) out  of                                                                    
committee   with   individual    recommendations   and   the                                                                    
accompanying fiscal notes. There  being NO OBJECTION, it was                                                                    
so ordered.                                                                                                                     
                                                                                                                                
HCS CSSB  19(FIN) was REPORTED  out of committee with  a "do                                                                    
pass"  recommendation and  with one  new fiscal  impact note                                                                    
from Department of Administration  and one new fiscal impact                                                                    
note by  the House Finance  Committee for the  Department of                                                                    
Revenue.                                                                                                                        
                                                                                                                                
4:41:51 PM                                                                                                                    
AT EASE                                                                                                                         
                                                                                                                                
4:43:18 PM                                                                                                                    
RECONVENED