Legislature(2007 - 2008)

2007-11-15 Senate Journal

Full Journal pdf

2007-11-15                     Senate Journal                      Page 1509
SCR 201                                                                                                                       
SENATE CONCURRENT RESOLUTION NO. 201 BY THE                                                                                     
SENATE FINANCE COMMITTEE,                                                                                                       
                                                                                                                                
          Suspending Rules 24(c), 35, 41(b), and 42(e),                                                                         
          Uniform Rules of the Alaska State Legislature,                                                                        
          concerning House Bill No. 2001, 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                                                                       

2007-11-15                     Senate Journal                      Page 1510
          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;                                                                
          and making conforming amendments.                                                                                     
                                                                                                                                
was read the first time and held on the Secretary's desk.