Legislature(2005 - 2006)
2005-04-18 House JournalFull Journal pdf
2005-04-18 House Journal Page 1098 HB 71 The Finance Committee has considered: HOUSE BILL NO. 71 "An Act relating to a credit for certain exploration expenses against oil and gas properties production taxes on oil and gas produced from a lease or property in the state; relating to the deadline for certain exploration expenditures used as credits against production tax on oil and gas produced from a lease or property in the Alaska Peninsula competitive oil and gas areawide lease sale area after July 1, 2004; and providing for an effective date." and recommends it be replaced with: CS FOR HOUSE BILL NO. 71(FIN) "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." The report was signed by Representatives Meyer and Chenault, Co- chairs, with the following individual recommendations: Do pass (5): Hawker, Croft, Foster, Meyer, Chenault No recommendation (2): Weyhrauch, Kelly The following fiscal note(s) apply to CSHB 71(FIN): 2. Zero, Dept. of Revenue 3. Indeterminate, Dept. of Natural Resources HB 71 was referred to the Rules Committee for placement on the calendar.