2010-04-18                     House Journal                      Page 2477
SB 305                                                                                                                        
The following, which was advanced to third reading from the April 17,                                                           
2010, calendar (page 2424), was read the third time:                                                                            

2010-04-18                     House Journal                      Page 2478
     HOUSE CS FOR CS FOR SENATE BILL NO. 305(FIN)                                                                               
     "An Act providing that the tax rate applicable to the production of                                                        
     oil as the average production tax value of oil, gas produced in the                                                        
     Cook Inlet sedimentary basin, and gas produced outside of the                                                              
     Cook Inlet sedimentary basin and used in the state increases above                                                         
     $30 shall be 0.4 percent multiplied by the number that represents                                                          
     the difference between that average monthly production tax value                                                           
     and $30, or the sum of 25 percent and the product of 0.1 percent                                                           
     multiplied by the number that represents the difference between                                                            
     that average monthly production tax value and $92.50, except that                                                          
     the total rate determined in the calculation may not exceed 50                                                             
     percent; providing for an increase in the rate of tax on the                                                               
     production of gas as the average production tax value on a BTU                                                             
     equivalent barrel basis of gas produced outside of the Cook Inlet                                                          
     sedimentary basin and not used in the state increases above $30;                                                           
     relating to payments of the oil and gas production tax; relating to                                                        
     the lease expenditures that may be deducted when determining                                                               
     production tax value; relating to availability of a portion of the                                                         
     money received from the tax on oil and gas production for                                                                  
     appropriation to the community revenue sharing fund; relating to                                                           
     the allocation of lease expenditures and adjustments to lease                                                              
     expenditures; and providing for an effective date."                                                                        
                                                                                                                                
                                                                                                                                
Representative Hawker placed a call of the House on the bill.                                                                   
                                                                                                                                
The call was satisfied.                                                                                                         
                                                                                                                                
                                                                                                                                
The question being:  "Shall HCS CSSB 305(FIN) pass the House?"                                                                  
The roll was taken with the following result:                                                                                   
                                                                                                                                
HCS CSSB 305(FIN)                                                                                                               
Third Reading                                                                                                                   
Final Passage                                                                                                                   
                                                                                                                                
YEAS:  19   NAYS:  21   EXCUSED:  0   ABSENT:  0                                                                              
                                                                                                                                
Yeas:  Austerman, Chenault, Dahlstrom, Fairclough, Gara, Hawker,                                                                
Herron, Johansen, Johnson, Joule, Kawasaki, Kelly, Millett, Neuman,                                                             
Olson, Ramras, Stoltze, Thomas, P.Wilson                                                                                        
                                                                                                                                

2010-04-18                     House Journal                      Page 2479
Nays:  Buch, Cissna, Crawford, Doogan, Edgmon, N.Foster, Gardner,                                                               
Gatto, Gruenberg, Guttenberg, Harris, Holmes, Keller, Kerttula, Lynn,                                                           
Munoz, Petersen, Salmon, Seaton, Tuck, T.Wilson                                                                                 
                                                                                                                                
And so, HCS CSSB 305(FIN) failed to pass the House.                                                                             
                                                                                                                                
The House later rescinded previous action on HCS CSSB
(FIN)(fld H).