Legislature(2009 - 2010)

2010-04-09 House Journal

Full Journal pdf

2010-04-09                     House Journal                      Page 2107
HB 337                                                                                                                        
The Resources Committee considered:                                                                                             
                                                                                                                                
    HOUSE BILL NO. 337                                                                                                          
    "An Act relating to interest on certain underpayments or                                                                    
    overpayments for the oil and gas production tax, to certificates for                                                        
    certain oil and gas production tax credits for qualified capital                                                            
    expenditures, and to alternative tax credits for expenditures for                                                           
    certain oil and gas development and exploration activities for the                                                          
    oil and gas production tax; relating to the use of the oil and gas tax                                                      
    credit fund to purchase certain tax credit certificates; and                                                                
    providing for an effective date."                                                                                           
                                                                                                                                
and recommends it be replaced with:                                                                                             
                                                                                                                                
    CS FOR HOUSE BILL NO. 337(RES)                                                                                              
    "An Act relating to credits against the oil and gas production tax;                                                         
    relating to the interest rates applicable on certain amounts due                                                            
    related to various taxes, penalties, payments, and the Alaska                                                               
    Gasline Inducement Act; relating to the use of the oil and gas tax                                                          
    credit fund to purchase certain tax credit certificates; and                                                                
    providing for an effective date."                                                                                           
                                                                                                                                
The report was signed by Representatives Johnson and Neuman, Co-                                                                
chairs, with the following individual recommendations:                                                                          
                                                                                                                                
Do pass (4):  P. Wilson, Olson, Johnson, Neuman                                                                                 
                                                                                                                                
Do not pass (2):  Guttenberg, Kawasaki                                                                                          
                                                                                                                                
No recommendation (3):  Edgmon, Tuck, Seaton                                                                                    
                                                                                                                                
The following fiscal note(s) apply to CSHB 337(RES):                                                                            
                                                                                                                                

2010-04-09                     House Journal                      Page 2108
1.  Zero, Dept. of Administration                                                                                               
2.  Zero, Dept. of Natural Resources                                                                                            
3.  Indeterminate, Dept. of Revenue                                                                                             
Fiscal note(s) forthcoming.                                                                                                     
                                                                                                                                
HB 337 was referred to the Finance Committee.