2010-03-25                     House Journal                      Page 1880
HB 229                                                                                                                        
The Resources Committee considered:                                                                                             
                                                                                                                                
    HOUSE BILL NO. 229                                                                                                          
    "An Act amending and extending the exploration and                                                                          
    development incentive tax credit under the Alaska Net Income                                                                

2010-03-25                     House Journal                      Page 1881
    Tax Act for operators and working interest owners directly                                                                  
    engaged in the exploration for and development of gas for                                                                   
    delivery and sale from a lease or property in the state; providing                                                          
    for an effective date by amending the effective date for sec. 2, ch.                                                        
    61, SLA 2003; and providing for an effective date."                                                                         
                                                                                                                                
and recommends it be replaced with:                                                                                             
                                                                                                                                
    CS FOR HOUSE BILL NO. 229(RES)                                                                                              
    "An Act amending and extending the exploration and                                                                          
    development incentive tax credit under the Alaska Net Income                                                                
    Tax Act for operators and working interest owners directly                                                                  
    engaged in the exploration for and development of gas from a                                                                
    lease or property in the state; providing for an effective date by                                                          
    amending the effective date for sec. 2, ch. 61, SLA 2003; and                                                               
    providing for an effective date."                                                                                           
                                                                                                                                
The report was signed by Representatives Neuman and Johnson, Co-                                                                
chairs, with the following individual recommendations:                                                                          
                                                                                                                                
Do pass (4):  Olson, P. Wilson, Neuman, Johnson                                                                                 
                                                                                                                                
No recommendation (4):  Edgmon, Guttenberg, Tuck, Seaton                                                                        
                                                                                                                                
The following fiscal note(s) apply to CSHB 229(RES):                                                                            
                                                                                                                                
1.  Indeterminate, Dept. of Revenue                                                                                             
                                                                                                                                
HB 229 was referred to the Finance Committee.