Legislature(2007 - 2008)
2007-11-11 House Journal
Full Journal pdf2007-11-11 House Journal Page 1611 HB 2001 The Finance Committee 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 2007-11-11 House Journal Page 1612 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." and recommends it be replaced with: CS FOR HOUSE BILL NO. 2001(FIN) "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; 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; prohibiting a producer or explorer from receiving tax credits if certain judgments are not satisfied and requiring, as a condition of receiving the tax credits, the deposit of the amount of certain unpaid judgments and certain interest on those judgments in the court during an appeal and relating to that interest; relating to state oil and gas auditors and their immediate supervisors; making conforming amendments; and providing for an effective date." The report was signed by Representatives Meyer and Chenault, Co- chairs, with the following individual recommendations: Do pass (1): Stoltze Do not pass (1): Foster No recommendation (5): Nelson, Joule, Thomas, Meyer, Chenault Amend (4): Gara, Crawford, Hawker, Kelly The following fiscal note(s) apply to CSHB 2001(FIN): 2007-11-11 House Journal Page 1613 1. Zero, Dept. of Administration 6. Fiscal, Dept. of Revenue 7. Fiscal, Dept. of Revenue 8. Indeterminate, Dept. of Natural Resources HB 2001 is on today's calendar.