2011-03-07                     House Journal                      Page 0389
                    REPORTS OF STANDING COMMITTEES                                                                           
                                                                                                                                
HB 110                                                                                                                        
The Resources Committee considered:                                                                                             
                                                                                                                                
    HOUSE BILL NO. 110                                                                                                          
    "An Act relating to the interest rate applicable to certain amounts                                                         
    due for fees, taxes, and payments made and property delivered to                                                            
    the Department of Revenue; relating to the oil and gas production                                                           
    tax rate; relating to monthly installment payments of estimated oil                                                         
    and gas production tax; relating to oil and gas production tax                                                              
    credits for certain expenditures, including qualified capital credits                                                       
    for exploration, development, and production; relating to the                                                               
    limitation on assessment of oil and gas production taxes; relating                                                          
    to the determination of oil and gas production tax values; making                                                           
     conforming amendments; and providing for an effective date."                                                              
                                                                                                                                
and recommends it be replaced with:                                                                                             
                                                                                                                                
    CS FOR HOUSE BILL NO. 110(RES)                                                                                              
    "An Act relating to the interest rate applicable to certain amounts                                                         
    due for fees, taxes, and payments made and property delivered to                                                            
    the Department of Revenue; relating to the oil and gas production                                                           
    tax rate; relating to monthly installment payments of estimated oil                                                         
    and gas production tax; relating to oil and gas production tax                                                              
    credits, including qualified capital credits for exploration,                                                               
    development, and production; relating to certain additional                                                                 
    nontransferable oil and gas production tax credits; relating to the                                                         
    determination of oil and gas production tax values; relating to the                                                         
    disclosure of certain tax information; making conforming                                                                    
    amendments; and providing for an effective date."                                                                           
                                                                                                                                
The report was signed by Representatives Feige and Seaton, Co-                                                                  
chairs, with the following individual recommendations:                                                                          
                                                                                                                                
Do pass (1):  Feige                                                                                                             
                                                                                                                                
Do not pass (2):  Gardner, Kawasaki                                                                                             
                                                                                                                                
No recommendation (4):  Foster, Munoz, Dick, Herron