2007-01-16                     House Journal                      Page 0048
HB 89                                                                                                                         
(Prefile released January 12, 2007)                                                                                             
HOUSE BILL NO. 89 by Representatives GARA, CRAWFORD, and                                                                        
GUTTENBERG, and Buch, entitled:                                                                                                 
                                                                                                                                
    "An Act providing for the use of petroleum production and other                                                             
    facilities by additional entities; amending the powers of the Alaska                                                        
    Oil and Gas Conservation Commission; relating to oil and gas                                                                
    properties production taxes and credits; providing for production                                                           
    tax adjustments to increase the amount of tax at high oil prices,                                                           
    reduce the amount of tax at low oil prices, and reduce the amount                                                           
    of tax on the production of heavy oil; relating to the determination                                                        
    of the gross value of oil and gas at the point of production; and                                                           
    providing for an effective date."                                                                                           
                                                                                                                                
was read the first time and referred to the House Special Committee on                                                          
Oil & Gas and the Resources and Finance Committees.