Legislature(2005 - 2006)
2005-05-05 Senate Journal
Full Journal pdf2005-05-05 Senate Journal Page 1368 HB 286 The Resources Committee considered HOUSE BILL NO. 286 "An Act amending the manner of determining the royalty received by the state on gas production by directing the commissioner of natural resources to accept, under certain circumstances, the transfer price of the gas if established by transfer price order of the Regulatory Commission of Alaska; and providing for an effective date" and recommended it be replaced with SENATE CS FOR HOUSE BILL NO. 286(RES) "An Act amending the manner of determining the royalty received by the state on gas production by directing the commissioner of natural resources to accept, under certain circumstances, the transfer price of the gas if established by transfer price order of the Regulatory Commission of Alaska; extending and amending the requirements applicable to the credit 2005-05-05 Senate Journal Page 1369 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." (Title change authorized by SCR 16) Signing do pass: Senator Wagoner, Chair; Senators Dyson, Ben Stevens, Stedman, Seekins. Signing no recommendation: Senators Guess, Elton. The following fiscal information was published today: Fiscal Note No. 2, indeterminate, Department of Natural Resources Fiscal Note No. 3, indeterminate, Department of Revenue Fiscal Note No. 4, zero, Department of Commerce, Community and Economic Development The following previously published fiscal information applies: Fiscal Note No. 1, zero, Department of Commerce, Community and Economic Development The bill was referred to the Finance Committee.