Legislature(2007 - 2008)
2007-11-15 Senate Journal
Full Journal pdf2007-11-15 Senate Journal Page 1508 HB 2001 The Finance Committee considered 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" and recommended it be replaced with SENATE CS FOR CS FOR HOUSE BILL NO. 2001(FIN) "An Act relating to the production tax on oil and gas and to conservation surcharges on oil; 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 2007-11-15 Senate Journal Page 1509 amount of oil and gas production tax and conservation surcharges; relating to state oil and gas audit masters; relating to oil and gas auditors and certain oil and gas auditor supervisors; making conforming amendments; and providing for an effective date." (Title change SCR 201) Signing no recommendation: Senators Hoffman, Stedman, Cochairs; Senator Olson. Signing do pass: Senators Elton, Thomas. Signing amend: Senators Dyson, Huggins. The following fiscal information was published today: Fiscal Note No. 9, Department of Revenue Fiscal Note No. 10, Department of Revenue Fiscal Note No. 11, Department of Natural Resources The following previously published fiscal information applies: Fiscal Note No. 1, zero, Department of Administration The bill is on today's calendar.