2006-04-29                     House Journal                      Page 3439
HB 498                                                                                            
The Resources Committee has considered:                                                             
                                                                                                    

2006-04-29                     House Journal                      Page 3440
    HOUSE BILL NO. 498                                                                              
    "An Act authorizing tax credits against the production tax on oil                               
    and gas for qualified expenditures for challenged or                                            
    nonconventional oil or gas and for qualified expenditures for                                   
    nonconventional or renewable energy resources; giving the Act                                   
    contingent effect; and providing for an effective date."                                        
                                                                                                    
and recommends it be replaced with:                                                                 
                                                                                                    
    CS FOR HOUSE BILL NO. 498(RES)                                                                  
    "An Act authorizing tax credits against the production tax on oil                               
    and gas for qualified development expenditures for challenged oil                               
    pools; and providing for an effective date."                                                    
                                                                                                    
The report was signed by Representatives Samuels and Ramras, Co-                                    
chairs, with the following individual recommendations:                                              
                                                                                                    
No recommendation (9):  Kapsner, Gatto, LeDoux, Crawford, Elkins,                                   
Olson, Seaton, Samuels, Ramras                                                                      
                                                                                                    
The following fiscal note(s) apply to CSHB 498(RES):                                                
                                                                                                    
1.  Zero, Dept. of Natural Resources                                                                
2.  Fiscal, Dept. of Revenue                                                                        
                                                                                                    
HB 498 was referred to the Finance Committee.