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Alaska State Legislature The Alaska State Legislature menu Home Senate Current Members Past Members By Session Alphabetical House Current Members Past Members By Session Alphabetical Bills & Laws Bills All Introduced Actions by Date Awaiting Actions Bills sent to Conf Committee Bills in Committee Governor's Vetoes Passed Legislation Prefile Bill Summary Requestor Summary Statistics Sponsor Summary Subject Summary Laws Constitution Constitutional Convention Files Statutes Executive Orders - Current Executive Orders - Historical Administrative Code Journals Session Laws & Resolves Session Laws & Resolves 2017 Session Laws & Resolves 2018 - Previous Year Session Law - Previous Year Legislative Resolves Tools Statute Information Retrieval System Bill Tracking Management Facility Past Legislatures (Archives) Committees Hearing Schedule Standing Committees Finance Committees Special Committees Joint Committees Conference Committees Other Committees Minutes Publications Get Started Information Offices Legislative Affairs Legislative Agencies Links Legislative Branch Executive Branch Judicial Branch Alaska Delegation Home Bill & Laws Bills Enrolled HB 331 Detail FullText txt Enrolled HB 331:
"An Act establishing the Alaska Tax Credit Certificate Bond Corporation;
Establishing the Alaska Tax Credit Certificate Bond Corporation;
and providing for an effective date." CS FOR HOUSE BILL NO.
and providing for an effective date.
331(FIN) 01 "An Act establishing the Alaska Tax Credit Certificate Bond Corporation;
00Enrolled HB 331 01 Establishing the Alaska Tax Credit Certificate Bond Corporation;
relating to 02 the issuance of bonds by the Alaska Tax Credit Certificate Bond Corporation;
relating to the issuance of 02 bonds by the Alaska Tax Credit Certificate Bond Corporation;
relating 03 to purchases of tax credit certificates and refunds and payments of tax credits;
relating to purchases of tax 03 credit certificates and refunds and payments of tax credits;
relating 04 to the oil and gas tax credit fund;
relating to the oil and gas tax credit 04 fund;
05 providing for an effective date by repealing the effective date of secs.
providing for an effective date by 05 repealing the effective date of secs.
2, 5, 8, 10, 31, 37, 06 and 40, ch.
2, 5, 8, 10, 31, 37, and 40, ch.
and providing for an effective date." 07 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:
and 06 providing for an effective date.
08 * Section 1.
07 _______________ 08 * Section 1.
A notice of interest for a purchase, refund, or payment from money 17 disbursed to the commissioner must include all of the requests for purchases, refunds, 18 or payments made by the applicant or claimant and, if applicable, a statement 19 indicating whether the applicant intends to meet a condition in (m)(1) - (3) of this 20 section.
A notice of interest for a purchase, refund, or payment from money 17 disbursed to the commissioner must include all of the requests for purchases, refunds, 18 or payments made by the applicant or claimant and, if applicable, a statement 19 indicating whether the applicant intends to meet a condition in (m)(1), (2), or (3) of 20 this section.
An applicant or claimant may not include in a notice of interest a request for 21 purchase, refund, or payment from the fund if the request could have been included in 22 a previous notice of interest under this subsection.
An applicant or claimant may not include in a notice of interest a request 21 for purchase, refund, or payment from the fund if the request could have been included 22 in a previous notice of interest under this subsection.
The department shall make an offer 23 of purchase, refund, or payment with money disbursed to the commissioner to an 24 applicant or claimant that provides the department with a timely notice of interest.
The department shall make an 23 offer of purchase, refund, or payment with money disbursed to the commissioner to an 24 applicant or claimant that provides the department with a timely notice of interest.
A transferable tax credit certificate 31 issued under AS 43.55.023, production tax credit certificate issued under AS 43.55.025, or claim for refunds or payments under AS 43.20.046, 43.20.047, or 02 43.20.053 is not eligible for purchase by the department with money disbursed to the 03 commissioner if the applicant or claimant 04 (1) fails to provide the department with a notice of interest of an offer 05 of purchase, refund, or payment from money disbursed to the commissioner by the 06 date determined by the commissioner under this subsection;
A transferable tax credit certificate 31 issued under AS 43.55.023, production tax credit certificate issued under AS 43.55.025, or claim for a refund or payment under AS 43.20.046, 43.20.047, or 02 43.20.053 is not eligible for purchase by the department with money disbursed to the 03 commissioner if the applicant or claimant 04 (1) fails to provide the department with a notice of interest of an offer 05 of purchase, refund, or payment from money disbursed to the commissioner by the 06 date determined by the commissioner under this subsection;
An applicant's agreement to a discount rate under (1) - (3) 03 of this subsection is only consideration for the amount that the purchase exceeds the 04 amount that would have been purchased in the absence of the agreement.
An applicant's agreement to a discount rate under (1), (2), 03 or (3) of this subsection is only consideration for the amount that the purchase exceeds 04 the amount that would have been purchased in the absence of the agreement.
For a refund 05 or claim for payment under AS 43.20.046, 43.20.047, or 43.20.053, the discount rate 06 is the true interest cost plus 1.5 percent, but may not exceed 10 percent.
For a 05 refund or claim for payment under AS 43.20.046, 43.20.047, or 43.20.053, the 06 discount rate is the true interest cost plus 1.5 percent, but may not exceed 10 percent.
For a purchase 07 of a transferable tax credit certificate issued under AS 43.55.023 or a production tax 08 credit certificate issued under AS 43.55.025, the discount rate is the true interest cost 09 plus 1.5 percent, but may not exceed 10 percent, in total, 10 (1) for either a transferable tax credit certificate issued under 11 AS 43.55.023 for which the applicant submitted data required under 12 AS 43.55.025(f)(2) or a production tax credit certificate issued under AS 43.55.025, if 13 the applicant agrees as a condition of the purchase that the 10-year confidentiality 14 period under AS 43.55.025(f)(2)(C)(ii) that would otherwise apply to the seismic data 15 or other geophysical data is waived by the applicant;
07 For a purchase of a transferable tax credit certificate issued under AS 43.55.023 or a 08 production tax credit certificate issued under AS 43.55.025, the discount rate is the 09 true interest cost plus 1.5 percent, but may not exceed 10 percent, in total, 10 (1) for either a transferable tax credit certificate issued under 11 AS 43.55.023 for which the applicant submitted data required under 12 AS 43.55.025(f)(2) or a production tax credit certificate issued under AS 43.55.025, if 13 the applicant agrees as a condition of the purchase that the 10-year confidentiality 14 period under AS 43.55.025(f)(2)(C)(ii) that would otherwise apply to the seismic data 15 or other geophysical data is waived by the applicant;
04 (s) The legislature may, for purposes of making purchases, refunds, and 05 payments under this section, appropriate an amount equal to the amount disbursed to 06 the commissioner by the corporation for purchases, refunds, and payments under this 07 section.
04 (s) The legislature may, for purposes of making purchases, refunds, and 05 payments under this section, appropriate an amount equal to the amount disbursed to 06 the commissioner by the Alaska Tax Credit Certificate Bond Corporation for 07 purchases, refunds, and payments under this section.
The legislature may 12 appropriate the annual estimated balance in the account to the Alaska tax credit 13 certificate bond corporation reserve fund established under AS 37.18.040.
The legislature may 12 appropriate the annual estimated balance in the account to the Alaska Tax Credit 13 Certificate Bond Corporation reserve fund established under AS 37.18.040.
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