2007-03-05                     House Journal                      Page 0381
HB 128                                                                                                                        
The House Special Committee on Oil & Gas considered:                                                                            
                                                                                                                                
     HOUSE BILL NO. 128                                                                                                         
     "An Act relating to allowable lease expenditures for the purpose                                                           
     of determining the production tax value of oil and gas for the                                                             
     purposes of the oil and gas production tax; and providing for an                                                           
     effective date."                                                                                                           
                                                                                                                                
and recommends it be replaced with:                                                                                             
                                                                                                                                
     CS FOR HOUSE BILL NO. 128(O&G)                                                                                             
     (same title)                                                                                                               
                                                                                                                                
The report was signed by Representative Olson, Vice Chair, with the                                                             
following individual recommendations:                                                                                           
                                                                                                                                
Do pass (3):  Doogan, Ramras, Olson                                                                                             
                                                                                                                                
No recommendation (1):  Samuels                                                                                                 
                                                                                                                                
                                                                                                                                
The following fiscal note(s) apply to CSHB 128(O&G):                                                                            
                                                                                                                                
1.  Zero, Dept. of Environmental Conservation                                                                                   
2.  Fiscal, Dept. of Administration                                                                                             
3.  Fiscal, Dept. of Revenue                                                                                                    
                                                                                                                                
HB 128 was referred to the Resources Committee.