Legislature(2005 - 2006)
2005-04-05 House Journal
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Full Journal pdf2005-04-05 House Journal Page 0860 HB 71 The Resources 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(RES) "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, and to the deadline for certain exploration expenditures from a lease or property in the Alaska Peninsula competitive oil and gas areawide lease sale area or the Nenana Basin license area used as credits against the production tax on oil and gas produced; and providing for an effective date." The report was signed by Representatives Ramras and Samuels, Co- chairs, with the following individual recommendations: Do pass (3): Elkins, Ramras, Samuels No recommendation (5): Olson, Gatto, Crawford, Seaton, LeDoux The following fiscal note(s) apply to CSHB 71(RES): 1. Indeterminate, Dept. of Natural Resources 2. Zero, Dept. of Revenue HB 71 was referred to the Finance Committee.