2005-05-05                     House Journal                      Page 1641
HB 297                                                                                            
The House Special Committee on Oil & Gas submitted the following                                    
forthcoming committee substitute to accompany their report (page                                    
1544):                                                                                              
                                                                                                    

2005-05-05                     House Journal                      Page 1642
     CS FOR HOUSE BILL NO. 297(O&G)                                                                 
     "An Act extending and amending the requirements applicable to                                  
     the credit that may be claimed for certain oil and gas exploration                             
     expenses incurred in Cook Inlet against oil and gas properties                                 
     production (severance) taxes, and amending the credit against                                  
     those taxes for certain exploration expenditures from leases or                                
     properties in the state; and providing for an effective date."