2010-04-16                     House Journal                      Page 2372
SB 309                                                                                                                        
CS FOR SENATE BILL NO. 309(FIN) by the Senate Finance                                                                           
Committee, entitled:                                                                                                            
                                                                                                                                
    "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                                                                  

2010-04-16                     House Journal                      Page 2373
    engaged in the exploration for and development of gas from a                                                                
    lease or property in the state; relating to interest on certain                                                             
    underpayments or overpayments of the oil and gas production tax;                                                            
    providing a credit against the tax on the production of oil and gas                                                         
    for drilling certain exploration wells in the Cook Inlet sedimentary                                                        
    basin; relating to the use of the oil and gas tax credit fund to                                                            
    purchase certain tax credit certificates; providing for an effective                                                        
    date by amending the effective date for sec. 2, ch. 61, SLA 2003;                                                           
    and providing for an effective date."                                                                                       
                                                                                                                                
was read the first time and referred to the Finance Committee.