2006-02-17                     House Journal                      Page 2564
HB 466                                                                                            
SPONSOR SUBSTITUTE FOR 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.