2003-05-09                     Senate Journal                      Page 1270
HB 61                                                                                             
The Resources Committee considered CS FOR HOUSE BILL NO.                                            
61(FIN) "An Act establishing an exploration and development                                         
incentive tax credit for operators and working interest owners directly                             
engaged in the exploration for and development of gas for sale and                                  
delivery without reference to volume from a lease or property in the                                
state; and providing for an effective date" and recommended it be                                   
replaced with                                                                                       

2003-05-09                     Senate Journal                      Page 1271
                     SENATE CS FOR CS FOR HOUSE BILL NO.                                           
          61(RES)                                                                                   
                                                                                                    
Signing do pass: Senator Ogan, Chair; Senators Seekins, Ben Stevens,                                
Wagoner. Signing no recommendation: Senator Lincoln.                                                
                                                                                                    
The following previously published fiscal information applies:                                      
 Fiscal Note No. 1, zero, Department of Natural Resources                                           
 Fiscal Note No. 2, zero, Department of Revenue                                                     
                                                                                                    
President Therriault added a referral to the Finance Committee.                                     
                                                                                                    
The bill was referred to the Finance Committee.