Legislature(2011 - 2012)
2011-03-07 House Journal
Full Journal pdf2011-03-07 House Journal Page 0389 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 2011-03-07 House Journal Page 0390 Amend (2): P. Wilson, Seaton The following fiscal note(s) apply to CSHB 110(RES): 1. Fiscal, Dept. of Revenue 2. Zero, Dept. of Natural Resources HB 110 was referred to the Finance Committee.