HOUSE BILL NO. 398                                                                                                            
                                                                                                                                
     "An Act  relating to  the allocation  and apportionment                                                                    
     of  income of  a  public utility  for  purposes of  the                                                                    
     Alaska  Net  Income  Tax  Act;  and  providing  for  an                                                                    
     effective date."                                                                                                           
                                                                                                                                
9:37:08 AM                                                                                                                    
                                                                                                                                
BRODIE ANDERSON,  STAFF, REPRESENTATIVE NEAL FOSTER,  gave a                                                                    
brief history of the bill.                                                                                                      
                                                                                                                                
Senator Micciche  MOVED to REPORT  SCS CSHB 398(FIN)  out of                                                                    
committee with  individual recommendations  and accompanying                                                                    
fiscal note. There being NO OBJECTION, it was so ordered.                                                                       
                                                                                                                                
SCS CSHB 398(FIN) was REPORTED out of committee with a "do                                                                      
pass" recommendation and with one previously published                                                                          
indeterminate fiscal note: FN 1(DOR).                                                                                           
                                                                                                                                
9:38:14 AM                                                                                                                    
AT EASE                                                                                                                         
                                                                                                                                
9:39:31 AM                                                                                                                    
RECONVENED                                                                                                                      
                                                                                                                                
Vice-Chair Bishop announced that the next meeting would be                                                                      
the following Monday.