Legislature(2009 - 2010)
2010-04-10 Senate Journal
Full Journal pdf2010-04-10 Senate Journal Page 2228 SB 309 The Resources Committee considered SENATE BILL NO. 309 "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" and recommended it be replaced with CS FOR SENATE BILL NO. 309(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; relating to a credit against the tax on the production of oil and gas for a qualified capital expenditure and for certain losses and expenditures; providing a credit against the tax on the production of oil and gas for drilling certain exploration wells in the 2010-04-10 Senate Journal Page 2229 Cook Inlet sedimentary basin; providing for an effective date by amending the effective date for sec. 2, ch. 61, SLA 2003; and providing for an effective date." Signing do pass: Senator McGuire, Cochair; Senator Wagoner. Signing amend: Senator Wielechowski, Cochair; Senator French. Signing no recommendation: Senator Stevens. The following fiscal information was published today: Fiscal Note No. 1, indeterminate, Department of Revenue The bill was referred to the Finance Committee.