SENATE FINANCE COMMITTEE                                                                                       
                        May 4, 2018                                                                                             
                         9:32 a.m.                                                                                              
                                                                                                                                
9:32:50 AM                                                                                                                    
                                                                                                                                
CALL TO ORDER                                                                                                                 
                                                                                                                                
 Vice-Chair Bishop called the Senate Finance Committee                                                                          
meeting to order at 9:32 a.m.                                                                                                   
                                                                                                                                
MEMBERS PRESENT                                                                                                               
                                                                                                                                
Senator Click Bishop, Vice-Chair                                                                                                
Senator Peter Micciche                                                                                                          
Senator Donny Olson                                                                                                             
Senator Gary Stevens                                                                                                            
                                                                                                                                
MEMBERS ABSENT                                                                                                                
                                                                                                                                
Senator Anna MacKinnon, Co-Chair                                                                                                
Senator Lyman Hoffman, Co-Chair                                                                                                 
Senator Natasha von Imhof                                                                                                       
                                                                                                                                
ALSO PRESENT                                                                                                                  
                                                                                                                                
Brodie Anderson, Staff, Representative Neal Foster                                                                              
                                                                                                                                
SUMMARY                                                                                                                       
                                                                                                                                
CSHB 306(FIN)                                                                                                                   
          PERS/TERS DISTRIBUTIONS                                                                                               
                                                                                                                                
          CSHB 306(FIN) was REPORTED out of committee with                                                                      
          a "do pass" recommendation and with one                                                                               
          previously published zero fiscal note: FN 2(DOA).                                                                     
                                                                                                                                
HB 398    CORP TAX:PUBLIC UTILITY INCOME ALLOCATION                                                                             
                                                                                                                                
          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).                                                                                                            
                                                                                                                                
CS FOR HOUSE BILL NO. 306(FIN)                                                                                                
                                                                                                                                
     "An  Act relating  to  disbursement  options under  the                                                                    
     Public Employees'  Retirement System of Alaska  and the                                                                    
     Teachers' Retirement System  of Alaska for participants                                                                    
     in the defined contribution  plan; and providing for an                                                                    
     effective date."                                                                                                           
                                                                                                                                
9:33:44 AM                                                                                                                    
                                                                                                                                
Vice-Chair Bishop announced  that there was a  letter in the                                                                    
packet in response to a question from the committee.                                                                            
                                                                                                                                
Senator Micciche wondered whether  the fiscal notes had been                                                                    
addressed.                                                                                                                      
                                                                                                                                
Vice-Chair Bishop replied in the affirmative.                                                                                   
                                                                                                                                
Senator  Micciche  MOVED  to REPORT  CSHB  306(FIN)  out  of                                                                    
committee with  individual recommendations  and accompanying                                                                    
fiscal note. There being NO OBJECTION, it was so ordered.                                                                       
                                                                                                                                
CSHB  306(FIN) was  REPORTED  out of  committee  with a  "do                                                                    
pass" recommendation and with  one previously published zero                                                                    
fiscal note: FN 2(DOA).                                                                                                         
                                                                                                                                
9:34:48 AM                                                                                                                    
AT EASE                                                                                                                         
                                                                                                                                
9:35:54 AM                                                                                                                    
RECONVENED                                                                                                                      
                                                                                                                                
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.                                                                                                           
                                                                                                                                
ADJOURNMENT                                                                                                                   
9:39:52 AM                                                                                                                    
                                                                                                                                
The meeting was adjourned at 9:39 a.m.