2006-02-13                     House Journal                      Page 2515
HB 466                                                                                            
HOUSE BILL NO. 466 by Representatives Gara, Berkowitz, Cissna,                                      
Crawford, Croft, Gruenberg, Guttenberg, Joule, Kapsner, Kerttula, and                               
Salmon, entitled:                                                                                   
                                                                                                    
    "An Act levying a net profits tax on the production of oil,                                     
    authorizing a tax credit for qualifying exploration costs associated                            
    with the exploration for and development of oil and for certain                                 
    related qualifying losses, and repealing the currently levied                                   
    properties production (severance) tax as it applies to oil; and                                 
    providing for an effective date."                                                               
                                                                                                    
was read the first time and referred to the Resources and Finance                                   
Committees.