24th Legislature(2005-2006)

Bill History/Action for Legislature

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  • Bill HB 488
  • Current Status (H) FIN
  • Status Date 03/22/2006
  • Bill Version
  • Short Title OIL AND GAS PRODUCTION TAX
  • Sponsor(S) HOUSE RULES BY REQUEST OF THE GOVERNOR
  • Title "An Act repealing the oil production tax and gas production tax and providing for a production tax on oil and gas; relating to the relationship of that tax to other taxes, to the dates those tax payments and surcharges are due, to interest on overpayments of the tax, and to the treatment of the tax in a producer's settlement with the royalty owners; relating to flared gas, and to oil and gas used in the operation of a lease or property under the production tax; relating to the prevailing value of oil or gas under the production tax; providing for tax credits against the tax for certain expenditures and losses; amending the rates applicable to each of the two tax surcharges imposed on oil under the production tax that are used to support the oil and hazardous substance release prevention and response fund and relating to those surcharges; relating to statements or other information required to be filed with or furnished to the Department of Revenue, and relating to the penalty for failure to file certain reports, for the tax; relating to the powers of the Department of Revenue, and to the disclosure of certain information required to be furnished to the Department of Revenue, as applicable to the administration of the tax; relating to criminal penalties for violating conditions governing access to and use of confidential information relating to the tax, and to the deposit of tax money collected by the Department of Revenue; relating to the calculation of the gross value at the point of production of oil or gas; relating to the determination of the production tax value of oil and gas for purposes of a tax on the production tax value of oil and gas; relating to the definitions of 'gas,' 'oil,' and certain other terms for purposes of the production tax, and as the definition of the term 'gas' applies in the Alaska Stranded Gas Development Act; making conforming amendments; making uniform throughout the state the deadline for certain exploration expenditures used as credits against the production tax on oil and gas produced from a lease or property in the state by extending to July 1, 2016, the deadline for those expenditures and limiting use of the resultant credits; and providing for an effective date."
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Full Text of HB 488 Intro/ Offered Passed
Version Amended Name PDF Date House Senate
HB0488A HB 488 pdf
HB0488B CSHB 488(RES) pdf

Fiscal Action Summary

HB 488 Published
Fiscal Note Preparer Date Chamber Fiscal Impact Cmte Report Approp Bill
pdf Fiscal Note 1 Natural Resources H N HGOV, HRES
pdf Fiscal Note 2 Revenue H Y HGOV, HRES

Bill Amendments Summary

  • Bill : HB 488

Amendments that are adopted are incorporated into the next version of the bill.
PDF versions of the amendment may have slight variations from the Journal entry. The Journal should be considered the authoritative version.

Action Journal
Amendment Chamber Action Date Page PDF

House and Senate Minutes/Recordings

  • Bill : HB 488
Meeting Date Start Time Title Meeting Details
4/11/2006 8:00 AM HOUSE OIL & GAS Minutes Audio
4/10/2006 2:00 PM HOUSE FINANCE Minutes Audio
4/9/2006 1:00 PM HOUSE FINANCE Minutes Audio
4/6/2006 8:30 AM HOUSE FINANCE Minutes Audio
4/5/2006 1:30 PM HOUSE FINANCE Minutes Audio
4/3/2006 9:00 AM HOUSE FINANCE Minutes Audio
4/3/2006 1:30 PM HOUSE FINANCE Minutes Audio
4/1/2006 10:00 AM HOUSE FINANCE Minutes Audio
3/31/2006 1:30 PM HOUSE FINANCE Minutes Audio
3/30/2006 2:00 PM HOUSE FINANCE Minutes Audio
3/29/2006 2:00 PM HOUSE FINANCE Minutes Audio
3/28/2006 2:00 PM HOUSE FINANCE Minutes Audio
3/27/2006 2:00 PM HOUSE FINANCE Minutes Audio
3/17/2006 12:30 PM HOUSE RESOURCES Minutes Audio
3/16/2006 12:30 PM HOUSE RESOURCES Minutes Audio
3/15/2006 1:15 PM HOUSE RESOURCES Minutes Audio
3/14/2006 12:30 PM HOUSE RESOURCES Minutes Audio
3/13/2006 10:00 AM HOUSE RESOURCES Minutes Audio
3/10/2006 12:30 PM HOUSE RESOURCES Minutes Audio
3/7/2006 12:30 PM HOUSE RESOURCES Minutes Audio
3/6/2006 12:30 PM HOUSE FINANCE Minutes Audio
3/4/2006 2:00 PM HOUSE RESOURCES Minutes Audio
3/4/2006 10:00 AM SENATE FINANCE Minutes Audio
3/3/2006 12:30 PM HOUSE RESOURCES Minutes Audio
3/2/2006 12:00 PM HOUSE RESOURCES Minutes Audio
3/1/2006 12:30 PM HOUSE RESOURCES Minutes Audio
2/28/2006 12:30 PM HOUSE RESOURCES Minutes Audio
2/27/2006 12:30 PM HOUSE RESOURCES Minutes Audio
2/25/2006 10:00 AM SENATE RESOURCES Minutes Audio
2/24/2006 12:30 PM HOUSE RESOURCES Minutes Audio
2/23/2006 12:30 PM HOUSE RESOURCES Minutes Audio
2/22/2006 12:30 PM HOUSE RESOURCES Minutes Audio

Documents for Bill HB 488 24th Legislature

Additional documents may be added - continue to check back.

Document Name Date/Time Subjects
Jrn Date Jrn Page Text
2593 (H) READ THE FIRST TIME - REFERRALS
2593 (H) RES, FIN
2593 (H) FN1: ZERO(DNR)
2593 (H) FN2: (REV)
2593 (H) GOVERNOR'S TRANSMITTAL LETTER
Text (H) RESOURCES at 12:30 PM HOUSE FINANCE 519
Text (H) Heard & Held -- Location Change --
Min (H) Minutes (HRES)
Text (H) RESOURCES at 12:30 PM HOUSE FINANCE 519
Text (H) Heard & Held -- Location Change --
Min (H) Minutes (HRES)
Text (H) RESOURCES at 12:30 PM HOUSE FINANCE 519
Text (H) Heard & Held -- Location Change --
Min (H) Minutes (HRES)
Text (H) at 10:16 AM
Text (H) at 10:16 AM
Text (H) RESOURCES at 10:00 AM SENATE FINANCE 532
Text (H) Heard & Held
Text (S) RESOURCES at 10:00 AM SENATE FINANCE 532
Min (S) Minutes (SRES)
Text (H) RESOURCES at 12:30 PM CAPITOL 124
Text (H) Heard & Held -- Location Change --
Min (H) Minutes (HRES)
Text (H) RESOURCES at 12:30 PM CAPITOL 124
Text (H) Heard & Held -- Location Change --
Min (H) Minutes (HRES)
Text (H) RESOURCES at 12:30 PM CAPITOL 124
Text (H) Heard & Held -- Recessed to 12:00 pm 3/2 --
Min (H) Minutes (HRES)
Text (H) RESOURCES at 12:00 PM CAPITOL 124
Text (H) Heard & Held -- Continued from 3/1/06 --
Min (H) Minutes (HRES)
Text (H) RESOURCES at 12:30 PM CAPITOL 124
Text (H) Heard & Held -- Location Change --
Min (H) Minutes (HRES)
Text (S) at 10:03 AM
Text (S) at 10:03 AM
Text (H) RESOURCES at 02:00 PM HOUSE FINANCE 519
Text (H) Heard & Held -- Time Change --
Min (H) Minutes (HRES)
Text (S) FINANCE at 10:00 AM SENATE FINANCE 532
Min (S) Minutes (SFIN)
Text (H) at 12:38 PM
Text (H) at 12:38 PM
Text (H) FINANCE at 12:30 PM HOUSE FINANCE 519
Min (H) Minutes (HFIN)
Text (H) RESOURCES at 12:30 PM HOUSE FINANCE 519
Text (H) Heard & Held
Text (H) RESOURCES at 12:30 PM CAPITOL 124
Text (H) Heard & Held
Min (H) Minutes (HRES)
Text (H) RESOURCES at 12:30 PM CAPITOL 106
Text (H) -- Meeting Canceled --
Text (H) RESOURCES at 12:30 PM CAPITOL 106
Text (H) -- Meeting Canceled --
Text (H) RESOURCES at 12:30 PM CAPITOL 106
Text (H) Heard & Held
Min (H) Minutes (HRES)
Text (H) RESOURCES at 10:00 AM CAPITOL 106
Text (H) -- Meeting Canceled --
Text (H) RESOURCES at 10:00 AM CAPITOL 124
Text (H) Heard & Held
Min (H) Minutes (HRES)
Text (H) RESOURCES at 12:30 PM CAPITOL 124
Text (H) Heard & Held
Min (H) Minutes (HRES)
Text (H) RESOURCES at 01:15 PM CAPITOL 124
Text (H) Heard & Held -- Time Change --
Min (H) Minutes (HRES)
Text (H) RESOURCES at 12:30 PM CAPITOL 124
Text (H) Heard & Held
Min (H) Minutes (HRES)
Text (H) RESOURCES at 12:30 PM CAPITOL 124
Text (H) Moved CSHB 488(RES) Out of Committee
Min (H) Minutes (HRES)
Text (H) RESOURCES at 10:00 AM CAPITOL 124
Text (H) -- Meeting Canceled --
2834 (H) RES RPT CS(RES) NT 6DP 1DNP 1AM
2834 (H) DP: GATTO, SEATON, ELKINS, OLSON, RAMRAS, SAMUELS;
2834 (H) DNP: CRAWFORD;
2834 (H) AM: KAPSNER
2836 (H) FN1: ZERO(DNR)
2836 (H) FN2: (REV)
2836 (H) REFERRED TO FINANCE
Text (H) FINANCE at 02:00 PM HOUSE FINANCE 519
Text (H) Heard & Held
Min (H) Minutes (HFIN)
Text (H) FINANCE at 02:00 PM HOUSE FINANCE 519
Text (H) Heard & Held
Min (H) Minutes (HFIN)
Text (H) FINANCE at 02:00 PM HOUSE FINANCE 519
Text (H) Heard & Held -- Meeting Postponed to 2:30 PM Today--
Min (H) Minutes (HFIN)
Text (H) FINANCE at 02:00 PM HOUSE FINANCE 519
Text (H) Heard & Held
Min (H) Minutes (HFIN)
Text (H) FINANCE at 01:30 PM HOUSE FINANCE 519
Text (H) Heard & Held
Min (H) Minutes (HFIN)
Text (H) FINANCE at 10:00 AM HOUSE FINANCE 519
Text (H) Heard & Held
Min (H) Minutes (HFIN)
Text (H) FINANCE at 09:00 AM HOUSE FINANCE 519
Text (H) Heard & Held
Min (H) Minutes (HFIN)
Text (H) FINANCE at 01:30 PM HOUSE FINANCE 519
Text (H) Heard & Held
Min (H) Minutes (HFIN)
Text (H) FINANCE at 01:30 PM HOUSE FINANCE 519
Text (H) Heard & Held
Min (H) Minutes (HFIN)
Text (H) FINANCE at 08:30 AM HOUSE FINANCE 519
Text (H) Heard & Held
Min (H) Minutes (HFIN)
Text (H) FINANCE at 01:30 PM HOUSE FINANCE 519
Text (H) <Bill Hearing Canceled>
Min (H) Minutes (HFIN)
Text (H) FINANCE at 01:30 PM HOUSE FINANCE 519
Text (H) <Bill Hearing Postponed>
Min (H) Minutes (HFIN)
Text (H) FINANCE at 01:00 PM HOUSE FINANCE 519
Text (H) Heard & Held
Min (H) Minutes (HFIN)
Text (H) FINANCE at 02:00 PM HOUSE FINANCE 519
Text (H) -- Testimony <Invitation Only> --
Min (H) Minutes (HFIN)
Text (H) OIL & GAS at 08:00 AM CAPITOL 120
Text (H) -- Recessed to a Call of the Chair --
Min (H) Minutes (HO&G)
Text (H) FINANCE at 01:30 PM HOUSE FINANCE 519
Text (H) <Bill Hearing Postponed> -- Meeting Postponed to 1:45 PM today--
Min (H) Minutes (HFIN)
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