2011-03-31                     House Journal                      Page 0689
The question being:  "Shall Amendment No. 4 be adopted?"  The roll                                                              
was taken with the following result:                                                                                            
                                                                                                                                
CSHB 110(FIN)                                                                                                                   
Second Reading                                                                                                                  
Amendment No. 4                                                                                                                 
                                                                                                                                
YEAS:  11   NAYS:  27   EXCUSED:  2   ABSENT:  0                                                                              
                                                                                                                                
Yeas:  Doogan, Gara, Gardner, Gruenberg, Guttenberg, Holmes,                                                                    
Kawasaki, Kerttula, Miller, Petersen, Tuck                                                                                      
                                                                                                                                
Nays:  Austerman, Chenault, Costello, Dick, Edgmon, Fairclough,                                                                 
Feige, Foster, Gatto, Hawker, Herron, Johansen, Johnson, Joule,                                                                 
Keller, Lynn, Millett, Munoz, Olson, Pruitt, Saddler, Seaton, Stoltze,                                                          
Thomas, Thompson, P.Wilson, T.Wilson                                                                                            
                                                                                                                                
Excused:  Cissna, Neuman                                                                                                        
                                                                                                                                
And so, Amendment No. 4 was not adopted.                                                                                        
                                                                                                                                
Amendment No. 5 was offered  by Representative Gara:                                                                             
                                                                                                                                
Page 1, lines 1 - 8 (title amendment):                                                                                          
    Delete all material and insert:                                                                                             
    ""An Act providing for a tax credit applicable to the oil and                                                             
gas production tax based on capital expenditures for a production                                                             
facility for new oil and gas production; and providing for an                                                                 
effective date.""                                                                                                             
                                                                                                                                
Page 1, line 10, through page 20, line 26:                                                                                      
    Delete all material and insert:                                                                                             
"* Section 1. AS 43.20.043(g) is amended to read:                                                                             
         (g)  A taxpayer that obtains a credit for a qualified capital                                                          
    investment or cost incurred for qualified services under this                                                               
    section may not also claim a tax credit or royalty modification for                                                         
    the same qualified capital investment or cost incurred for qualified                                                        
    services under AS 38.05.180(i), AS 41.09.010, AS 43.55.023,                                                                 
    [OR] 43.55.025, or 43.55.026. However, a taxpayer may elect not                                                         
    to obtain a credit under this section in order to qualify for a credit                                                      
    provided under AS 38.05.180(i), AS 41.09.010, AS 43.55.023,                                                                 
    [OR] 43.55.025, or 43.55.026.                                                                                           
   * Sec. 2. AS 43.55.023(a) is amended to read: