2011-03-31                     House Journal                      Page 0662
    CS FOR HOUSE BILL NO. 110(FIN)                                                                                              
    "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 the 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 disclosure of certain                                                       
    tax information; making conforming amendments; and providing                                                                
    for an effective date."                                                                                                     
                                                                                                                                
The House Rules Committee submitted the following updated fiscal                                                                
note:                                                                                                                           
                                                                                                                                
6.  Zero, Dept. of Natural Resources                                                                                            
                                                                                                                                
Representative Doogan moved and asked unanimous consent that                                                                    
CSHB 110(FIN) be returned to second reading for the specific purpose                                                            
of considering Amendment No. 1.  There being no objection, it was so                                                            
ordered.                                                                                                                        
                                                                                                                                
The Speaker stated that, without objection, CSHB 110(FIN) would be                                                              
returned to second reading for all amendments.                                                                                  
                                                                                                                                
Amendment No. 1 was offered  by Representative Doogan:                                                                           
                                                                                                                                
Page 1, lines 5 - 6 (title amendment):                                                                                          
    Delete "relating to certain additional nontransferable oil and                                                            
gas production tax credits;"                                                                                                  
                                                                                                                                
Page 1, following line 12:                                                                                                      
    Insert a new bill section to read:                                                                                          
"* Sec. 2. AS 05.15.095(c) is amended to read:                                                                                
         (c)  A delinquent fee bears interest at the rate set by                                                                
    AS 43.05.225 [AS 43.05.225(2)]."                                                                                        
                                                                                                                                
Renumber the following bill sections accordingly.                                                                               
                                                                                                                                
Page 2, following line 5:                                                                                                       
    Insert a new bill section to read: