2007-10-29                     House Journal                      Page 1574
HB 2001                                                                                                                       
The House Special Committee on Oil & Gas considered:                                                                            
                                                                                                                                
    HOUSE BILL NO. 2001                                                                                                         
    "An Act relating to the production tax on oil and gas and to                                                                
    conservation surcharges on oil; relating to the issuance of advisory                                                        
    bulletins and the disclosure of certain information relating to the                                                         
    production tax and the sharing between agencies of certain                                                                  
    information relating to the production tax and to oil and gas or gas                                                        
    only leases; amending the State Personnel Act to place in the                                                               
    exempt service certain state oil and gas auditors and their                                                                 
    immediate supervisors; establishing an oil and gas tax credit fund                                                          
    and authorizing payment from that fund; providing for retroactive                                                           
    application of certain statutory and regulatory provisions relating                                                         
    to the production tax on oil and gas and conservation surcharges                                                            
    on oil; making conforming amendments; and providing for an                                                                  
    effective date."                                                                                                            
                                                                                                                                

2007-10-29                     House Journal                      Page 1575
and recommends it be replaced with:                                                                                             
                                                                                                                                
    CS FOR HOUSE BILL NO. 2001(O&G)                                                                                             
    "An Act relating to the production tax on oil and gas and to                                                                
    conservation surcharges on oil; providing a limit on the amount of                                                          
    tax that may be levied on the production of certain gas that is                                                             
    produced outside of the Cook Inlet sedimentary basin and south of                                                           
    68 degrees North latitude; relating to the sharing between agencies                                                         
    of certain information relating to the production tax and to oil and                                                        
    gas or gas only leases; expanding the period in which the                                                                   
    Department of Revenue may assess the amount of oil and gas                                                                  
    production tax and conservation surcharges; amending the State                                                              
    Personnel Act to place in the exempt service certain state oil and                                                          
    gas auditors and their immediate supervisors; providing for                                                                 
    retroactive application of certain statutory and regulatory                                                                 
    provisions relating to the production tax on oil and gas and                                                                
    conservation surcharges on oil; making conforming amendments;                                                               
    and providing for an effective date."                                                                                       
                                                                                                                                
The report was signed by Representative Olson, Chair, with the                                                                  
following individual recommendations:                                                                                           
                                                                                                                                
Do pass (4):  Samuels, Neuman, Ramras, Olson                                                                                    
                                                                                                                                
No recommendation (1):  Doogan                                                                                                  
                                                                                                                                
Amend (2):  Kawasaki, Dahlstrom                                                                                                 
                                                                                                                                
                                                                                                                                
The following fiscal note(s) apply to CSHB 2001(O&G):                                                                           
                                                                                                                                
1.  Zero, Dept. of Administration                                                                                               
2.  Fiscal, Dept. of Natural Resources                                                                                          
3.  Fiscal, Dept. of Revenue                                                                                                    
                                                                                                                                
HB 2001 was referred to the Resources Committee.