Legislature(2005 - 2006)
2005-03-18 House Journal
Full Journal pdf2005-03-18 House Journal Page 0666 HB 71 The House Special Committee on Oil & Gas 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 2005-03-18 House Journal Page 0667 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(O&G) "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 the 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." The report was signed by Representative Kohring, Chair, with the following individual recommendations: Do pass (1): Kohring No recommendation (5): Samuels, Gardner, Kerttula, Dahlstrom, Rokeberg The following fiscal note(s) apply to CSHB 71(O&G): 1. Indeterminate, Dept. of Natural Resources 2. Zero, Dept. of Revenue HB 71 was referred to the Resources Committee.