Legislature(2005 - 2006)
2005-01-12 Senate Journal
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Full Journal pdf2005-01-12 Senate Journal Page 0045 Department of Natural Resources anticipates that leases would not be issued until the spring of 2006. Given this timetable, it is likely that exploration expenditures on these leases would occur after July 1, 2007, in which case they could not be credited against future production taxes. In order to provide similar tax incentives to the bidders on these proposed oil and gas leases, this bill would extend the deadline for exploration expenditures in the proposed Bristol Bay (Alaska Peninsula) competitive oil and gas areawide lease sale area to July 1, 2010. This bill also would make some minor technical changes to AS 43.55.025 to clarify the intent and harmonize terms used in that recently enacted section. I urge your support of this important legislation. Sincerely yours, /s/ Frank H. Murkowski Governor Consideration of the Calendar Second Reading of Senate Resolutions SR 1 SENATE RESOLUTION NO. 1 was read the second time and was before the Senate on final passage. The question being: "Shall SENATE RESOLUTION NO. 1 Establishing a Senate Special Committee on World Trade and State/Federal Relations, pass the Senate?" The roll was taken with the following result: