2005-05-05                     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.