Legislature(2007 - 2008)

2007-11-15 House Journal

Full Journal pdf

2007-11-15                     House Journal                      Page 1657
HB 2001                                                                                                                       
The following, which was engrossed and signed by the Speaker and                                                                
Chief Clerk (page 1648), was transmitted to the Senate for                                                                      
consideration on November 12, 2007:                                                                                             

2007-11-15                     House Journal                      Page 1658
     CS FOR HOUSE BILL NO. 2001(FIN) am                                                                                         
     "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 audit masters; making conforming amendments; and                                                               
     providing for an effective date."