2005-04-18                     House Journal                      Page 1098
HB 33 was referred to the Rules Committee for placement on the                                      
calendar.                                                                                           
                                                                                                    
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.