Legislature(2007 - 2008)

2007-11-07 Senate Journal

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2007-11-07                     Senate Journal                      Page 1487
                                                                                                                                
                                SENATE JOURNAL                                                                               
                                                                                                                                
                           ALASKA STATE LEGISLATURE                                                                          
                                                                                                                                
                           TWENTY-FIFTH LEGISLATURE                                                                          
                                                                                                                                
                            SECOND SPECIAL SESSION                                                                           
                                                                                                                                
Juneau, Alaska                   Wednesday                November 7, 2007                                                    
                                                                                                                                
                               Twenty-first Day                                                                              
                                                                                                                                
                                                                                                                                
                                                                                                                                
Pursuant to adjournment the Senate was called to order by President                                                             
Green at 11:02 a.m. The Senate was convened for the purpose of a                                                                
technical session.                                                                                                              
                                                                                                                                
Senator Stevens moved and asked unanimous consent that the roll call                                                            
of the Senate be waived and all members be shown as present.                                                                    
Without objection, it was so ordered.                                                                                           
                                                                                                                                
                                                                                                                                
                          Standing Committee Reports                                                                         
                                                                                                                                
SB 2001                                                                                                                       
Forthcoming Judiciary Committee Substitute (page 1476) for                                                                      
SENATE 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                                                               
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" was                                                                 
received November 5:                                                                                                            
                                                                                                                                
                                                                                                                                

2007-11-07                     Senate Journal                      Page 1488
       CS FOR SENATE BILL NO. 2001(JUD) "An Act                                                                                 
       relating to the production tax on oil and gas and to                                                                     
       conservation surcharges on oil; providing a production                                                                   
       tax limit on certain gas used in the state; 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                                                                 
       exempt service certain state oil and gas audit managers;                                                                 
       providing for civil penalties relating to oil and gas                                                                    
       production tax payments; 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;                                                                       
       identifying certain revenue from the production tax on oil                                                               
       and gas that may be appropriated to the budget reserve                                                                   
       fund; making conforming amendments; and providing for                                                                    
       an effective date."                                                                                                      
                                                                                                                                
Forthcoming fiscal information (page 1476) for the Judiciary                                                                    
Committee Substitute for SENATE BILL NO. 2001 was published                                                                     
November 5:                                                                                                                     
 Fiscal Note No. 5, Department of Revenue                                                                                       
                                                                                                                                
                                                                                                                                
                                Announcements                                                                                
                                                                                                                                
Announcements are at the end of the journal.                                                                                    
                                                                                                                                
                                                                                                                                
                                 Adjournment                                                                                 
                                                                                                                                
Senator Stevens moved and asked unanimous consent that the Senate                                                               
stand in adjournment until 10:00 a.m., November 10, 2007. Without                                                               
objection, the Senate adjourned at 11:03 a.m.                                                                                   
                                                                                                                                
                                                                Kirsten Waid                                                    
                                                     Secretary of the Senate                                                    
                                                                                                                                
                                                                                                                                

2007-11-07                     Senate Journal                      Page 1489
                                Announcements                                                                                
                                                                                                                                
Americans with Disabilities Act Notice - Persons with disabilities who require                                                  
special accommodation or alternative communication formats to access                                                            
committee meetings may contact the appropriate committee office or the                                                          
Legislative Information Office in their community. Reasonable advance                                                           
notice is needed to accommodate the request. For further information, call the                                                  
ADA Coordinator at 465-3854 Voice/465-4980 TDD.                                                                                 
                                                                                                                                
                                                                                                                                
                             STANDING COMMITTEES                                                                             
+ indicates teleconference                                                                                                      
= indicates bill previously heard/scheduled                                                                                     
                                                                                                                                
                                   FINANCE                                                                                   
                                                                                                                                
Nov 07        Wednesday                 Senate Finance 532            9:00 AM                                                 
              -- NOTE CHANGE IN AGENDA --                                                                                       
+= SB2001 OIL & GAS TAX AMENDMENTS                                                                                              
              Presentation on Production Cost Increases                                                                         
              --Barry Pulliam, Senior Economist,                                                                                
              Econ One Research, Inc.                                                                                           
              -- Testimony <Invitation Only> --                                                                                 
                                                                                                                                
Nov 07        Wednesday                 Senate Finance 532            1:00 PM                                                 
              -- NOTE CHANGE IN AGENDA --                                                                                       
+= SB2001 OIL & GAS TAX AMENDMENTS                                                                                              
              Dept. of Revenue Production Forecast                                                                              
              Update -- Dudley Platt, DOR Consultant                                                                            
              -- Testimony <Invitation Only> --                                                                                 
              Discussion PPT Credits - Administration's                                                                         
              Oil and Gas Team                                                                                                  
              -- Testimony <Invitation Only> --                                                                                 
                                                                                                                                
Nov 08        Thursday                  Senate Finance 532            9:00 AM                                                 
              --NOTE CHANGE IN AGENDA--                                                                                         
+= SB2001 OIL & GAS TAX AMENDMENTS                                                                                              
              Overview of PPT Base Tax & Progressivity                                                                          
              Surcharge - Barry Pulliam, Sr. Economist,                                                                         
              Econ One Research, Inc.                                                                                           
              -- Testimony <Invitation Only> --                                                                                 
                                                                                                                                
                                                                                                                                
                                                                                                                                
                                                                                                                                

2007-11-07                     Senate Journal                      Page 1490
                             FINANCE (continued)                                                                             
                                                                                                                                
Nov 08        Thursday                  Senate Finance 532            1:00 PM                                                 
              --NOTE CHANGE IN AGENDA--                                                                                         
+= SB2001 OIL & GAS TAX AMENDMENTS                                                                                              
              Industry Testimony                                                                                                
              -- Testimony <Invitation Only> --                                                                                 
                                                                                                                                
Nov 08        Thursday                  Senate Finance 532            5:30 PM                                                 
+= SB2001 OIL & GAS TAX AMENDMENTS                                                                                              
              -- Public Testimony --                                                                                            
                                                                                                                                
Nov 09        Friday                    Senate Finance 532            9:00 AM                                                 
+= SB2001 OIL & GAS TAX AMENDMENTS                                                                                              
              Committee Work and Discussion                                                                                     
              -- Testimony <Invitation Only> --                                                                                 
                                                                                                                                
Nov 09        Friday                    Senate Finance 532            1:00 PM                                                 
+= SB2001 OIL & GAS TAX AMENDMENTS                                                                                              
              Amendments                                                                                                        
              -- Testimony <Invitation Only> --                                                                                 
                                                                                                                                
Nov 10        Saturday                  Senate Finance 532            9:00 AM                                                 
              No Meeting Scheduled                                                                                              
                                                                                                                                
Nov 11        Sunday                    Senate Finance 532            1:00 PM                                                 
+= SB2001 OIL & GAS TAX AMENDMENTS                                                                                              
              Amendments