The Daily Alaska empire., 1947-02-10
CHS
 MINING TAX, LAWS RE(oDE
Gross Gold Tax Would Be Repealed by Measure,
 Net Levy Substituted


 poor second to the House in the introduction of proposed laws, nov ed into a more contending position this morning with reception of an even dozen new bills. Ten of them, submitted by Senator O. D. Coch- ran, have to do with recompilation of Alaska's statutes, one of the major projects before this Legisla- ture.
 Senate Bill 3l, by Cochran, pro poses to create Commission to administer compilation of Alaska laws. The Attorney General would be Chairman of the Commission, the Auditor would be Secretary and the third member would be an at torney resident of the Territory who has been in law practice in Alaska for at least five years. He would be selected by the Attorney General and the Auditor.
 The bill provides that the Com mission shall contract with one of the better known law book publish ing companies and shall solicit bids from them for the work, which is to be published in three volumes, in approved law book style, with an- notations, ross-references and in- dex, explanatory notes, tc.
 The contract would call for de- livery of 1000 sets of the compila- ton for sale by the Territory at $50 per set Members of the com mission would not be remunerated except for travel and per travel per diem and S50,000 would be appro- priated for the compilation. The bill is given emergency status.
 s. B. g to 30, inclusive, also by Cochran, repeal obsolete statutes and correct inconsistencies in pres ent laws necessary to proper com- pilation. All ten bills were referred to the Judiciary with s. B. 3l get ting an additional reference to Finance Committee.
 Other bills introducd in the Sen ate this morning are:
 Net Tax On Mines
 s. B. 32, by Butrovich and Coffey would provide for a net income tax on mines and would repeal the present three percent gross tax up- on gold, platinum and allied min erals. The proposed net tax would be graduated as follows
 License tax upon mining, upon the net income of the taxpayer from property in Alaska computed with allowable depletion) plus roy alty received in connection with mining property in Alaska-Oyer $l,000 and not over $l0C0O, 4 per cent over $10,00o and not over $20o00, S400 plus percent of ex- cess over $100o0; over $20, ,000 and not over $50,000, 5000 plus 6 per cent of excess over S20,0Oo; over S5O,000 and not over $l00,000, $2,700 plus ' percent of excess over S50,- coo; over S100,000 S6,200 plus 8 percent of excess over $l00,000.
 The proposed tax scale would ap- ply to extraction of Valuable met als, ores, minerals, asbestos, gyp- sum, coal, marketable earth and stone. The bill carries an emer- gency clause and the proposed net income based license fees would be- come effective for the year l947. A schedule of allowable depletion isi set up. The measure was given triple committee reference-to Min ing, Judiciary and to Taxation.
 s. B. B, by Burroyich, relates to the regulation of rates for insur- ance and to rating organizations. It differs from the bill now in the House which is also designed to make Alaska insurance laws con- form to Federal statute. It was re- ferred to Judiciary.
 After receiving the long list of new bills, the Senate this morning turned back briefly to $. 5. l6, proposing that the Tax Commis- sioner be appointed by the Speaker of the House and President of the Senate, instead of by the Cover nor. The bill was continued in sec ond reading from Saturday, but at the request of the author, Senator
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