SENATE BILL NO. 199 "An Act relating to use of income of the Alaska permanent fund; relating to the amount of the permanent fund dividend; relating to the duties of the commissioner of revenue; and providing for an effective date." 1:07:39 PM Co-Chair Stedman stated that the committee would consider amendments. Senator Wilson MOVED to ADOPT Amendment 1, 32-LS1529\I.1 (Nauman, 4/20/22) (copy on file). Co-Chair Stedman OBJECTED for discussion. Senator Wilson spoke to the amendment. He cited that the amendment would remove may and put in shall. He thought everyone in the legislative body understood that appropriations could always be changed at the will of the legislature. He felt that the legislature was trying to rebuild trust with the people of the state, and the amendment would show legislative intent to follow the law. He thought the bill would be fully worked out on the floor. Senator Olson asked what the amendment would do by changing to the word shall. Senator Wilson opined that the change would show a better intent that the legislature would follow the [Permanent Fund Dividend] formula and that the legislature was serious and not just putting a placeholder into statute. Co-Chair Stedman MAINTAINED his OBJECTION. A roll call vote was taken on the motion. IN FAVOR: Wielechowski, Wilson, Olson OPPOSED: Hoffman, von Imhof, Stedman, Bishop The MOTION FAILED (3/4). 1:10:05 PM AT EASE 1:10:55 PM RECONVENED Co-Chair Bishop MOVED to report CSSB 199(FIN) out of Committee with individual recommendations and the accompanying fiscal notes. Co-Chair Stedman OBJECTED for discussion. Senator Wilson commented that SB 199 was an important piece of legislation for the full Senate to debate. He thought most of the discussions on the bill would be carried out on the floor. He was not in favor of the current version of the bill. Senator Wielechowski agreed that the bill would generate much discussion on the Senate floor. He did not support the bill, which dealt with restructure of the Permanent Fund Dividend (PFD) statute, which had been an issue since 2016. He commented that there was a statute on the books that had not been followed for the last six years. He thought the only way to solve the issue was to put the PFD into the constitution. He thought Alaskans deserved a policy that had some consistency and stability. He discussed different dividend scenarios but maintained that the solution was a constitutional amendment. He thought Alaskans would support an amendment. Senator von Imhof did not think that the legislature should tax people in order to pay a dividend, which she thought was a contingency in the bill. She did not agree with the concept of taking money from one person and distributing it to the persons neighbor. She did not necessarily support the bill, but she supported moving the bill out of committee. Senator Olson was in favor of the amendment previously offered but would not object to moving the bill out of committee. He acknowledged that the bill was not perfect, but it would not inhibit the distribution of the PFD that many of his constituents supported. Co-Chair Stedman WITHDREW his OBJECTION. There being NO further OBJECTION, it was so ordered. CSSB 199(FIN) was REPORTED out of committee with one "do pass" recommendation, two "do not pass" recommendations, three "no recommendation" recommendations, one "amend" recommendation, and with one forthcoming fiscal impact note from the Office of the Governor.