2007-11-08                     House Journal                      Page 1601
HB 2001                                                                                                                       
The Resources Committee submitted the following forthcoming                                                                     
committee substitute, received on November 6, 2007, to accompany its                                                            
report (page 1594):                                                                                                             
                                                                                                                                
    CS FOR HOUSE BILL NO. 2001(RES)                                                                                             
    "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; providing a penalty for the                                                                      
    underpayment of an installment payment of the production tax on                                                             
    oil and gas; 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                                                                

2007-11-08                     House Journal                      Page 1602
    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."                                                                                       
                                                                                                                                
The Resources Committee submitted the following forthcoming fiscal                                                              
note(s) for CSHB 2001(RES):                                                                                                     
                                                                                                                                
1.  Zero, Dept. of Administration                                                                                               
4.  Fiscal, Dept. of Revenue                                                                                                    
5.  Fiscal, Dept. of Natural Resources                                                                                          
                                                                                                                                
HB 2001 is in the Finance Committee.