2012-04-10                     House Journal                      Page 2311
HB 276                                                                                                                        
The following was read the second time:                                                                                         
                                                                                                                                
     HOUSE BILL NO. 276                                                                                                         
     "An Act providing for a credit against the oil and gas production                                                          
     tax for costs incurred in drilling certain oil or natural gas                                                              
     exploration wells in the Nenana Basin."                                                                                    
                                                                                                                                
with the:                                                     Journal Page                                                      
                                                                                                                                
 RES RPT CS(RES) NT 3DP 2NR 1AM                                       1896                                                      
 FN1: INDETERMINATE(DNR)                                              1896                                                      
 FN2: INDETERMINATE(REV)                                              1896                                                      
 FIN RPT CS(FIN) NT 8DP 3NR                                           2268                                                      
 FN3: INDETERMINATE(REV)                                              2269                                                      
 FN4: (DNR)                                                           2269                                                      
                                                                                                                                
Representative Austerman moved and asked unanimous consent that                                                                 
the following committee substitute be adopted in lieu of the original                                                           
bill:                                                                                                                           
                                                                                                                                

2012-04-10                     House Journal                      Page 2312
     CS FOR HOUSE BILL NO. 276(FIN)                                                                                             
     "An Act providing for a credit against the oil and gas production                                                          
     tax for costs incurred for conducting seismic exploration and                                                              
     drilling certain oil or natural gas exploration wells in certain                                                           
     basins; relating to the determination of the production tax value of                                                       
     oil and gas production; and relating to a special tax rate for new                                                         
     oil or gas production south of 68 degrees North latitude."                                                                 
                                                                                                                                
There being no objection, it was so ordered.                                                                                    
                                                                                                                                
Representative Austerman moved and asked unanimous consent that                                                                 
CSHB 276(FIN) be considered engrossed, advanced to third reading,                                                               
and placed on final passage.  There being no objection, it was so                                                               
ordered.                                                                                                                        
                                                                                                                                
CSHB 276(FIN) was read the third time.                                                                                          
                                                                                                                                
Representatives Joule and Thomas moved and asked unanimous                                                                      
consent that they be allowed to abstain from voting because of a                                                                
conflict of interest.  Objection was heard, and the members were                                                                
required to vote.                                                                                                               
                                                                                                                                
The question being:  "Shall CSHB 276(FIN) pass the House?"  The                                                                 
roll was taken with the following result:                                                                                       
                                                                                                                                
CSHB 276(FIN)                                                                                                                   
Third Reading                                                                                                                   
Final Passage                                                                                                                   
                                                                                                                                
YEAS:  35   NAYS:  2   EXCUSED:  1   ABSENT:  2                                                                               
                                                                                                                                
Yeas:  Chenault, Cissna, Costello, Edgmon, Fairclough, Feige, Foster,                                                           
Gara, Gardner, Gruenberg, Guttenberg, Herron, Holmes, Johansen,                                                                 
Johnson, Joule, Kawasaki, Keller, Kerttula, Lynn, Miller, Millett,                                                              
Munoz, Neuman, Olson, Petersen, Pruitt, Saddler, Seaton, Stoltze,                                                               
Thomas, Thompson, Tuck, P.Wilson, T.Wilson                                                                                      
                                                                                                                                
Nays:  Austerman, Doogan                                                                                                        
                                                                                                                                
Excused:  Gatto                                                                                                                 
                                                                                                                                
Absent:  Dick, Hawker                                                                                                           
                                                                                                                                

2012-04-10                     House Journal                      Page 2313
And so, CSHB 276(FIN) passed the House and was referred to the                                                                  
Chief Clerk for engrossment.