HB 5998

School aid: foundation allowance; foundation allowance amounts; base on the state and local government inflation index and tie to inflation

Property tax: exemptions; partial exemption for qualified principal residence upon transfer of ownership; provide for

Property tax: other; online property tax information; require to be available to the public

Property tax: other; online property tax calculator; require the department to provide

Property tax: other; surcharge for certain properties; provide for

Property tax: Headlee; calculation of Headlee rollback; modify

Public utilities: rates; disclosure of uses of increased revenue; require to be provided with rate increase requests.

Corporate income tax: rate; increasing of rate and revising the distribution of revenue collected; provide for.

Housing: housing development authority; housing opportunity tax credit program; establish and administer

Individual income tax: credit; housing opportunity tax credits; create

Insurance: other; housing opportunity credits against the retaliatory tax; provide for

State management: funds; certain deposits of tobacco settlement revenue into the 21st century jobs trust fund; eliminate sunset for

Reckless Stunt Driving; a motor vehicle involved in a second offense of reckless stunt driving; replace the forfeiture penalty

Relating to sales tax on construction materials

An Act relating to the taxation of certain natural gas project property and related facilities; relating to local contributions for public school funding; relating to municipal property taxes; relating to the Alaska Gasline Development Corporation and funds of the Alaska Gasline Development Corporation; relating to reporting requirements for natural gas pipeline projects; creating the Alaska affordable heating fuel fund; relating to approval of contracts by the Regulatory Commission of Alaska and inflation adjustment of the maximum price of natural gas; establishing an income tax on certain entities producing or transporting oil or gas in the state; relating to an alternative volumetric tax on natural gas throughput; relating to a municipal impact grant program and fund; relating to agreements and a payment related to a natural gas project; and providing for an effective date.

Various Revenue Laws Changes.

Subtraction Modification - Public Safety Retirement Income

License Plates; specialty license plate benefitting the Georgia Veterans Service Foundation; establish