2011-03-30                     House Journal                      Page 0636
HB 110                                                                                                                        
The Finance 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(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."                                                                                                     
                                                                                                                                

2011-03-30                     House Journal                      Page 0637
The report was signed by Representatives Stoltze and Thomas, Co-                                                                
chairs, with the following individual recommendations:                                                                          
                                                                                                                                
Do pass (6):  T. Wilson, Fairclough, Hawker, Costello, Stoltze,                                                                 
Thomas                                                                                                                          
                                                                                                                                
Do not pass (3):  Guttenberg, Gara, Doogan                                                                                      
                                                                                                                                
No recommendation (2):  Joule, Edgmon                                                                                           
                                                                                                                                
The following fiscal note(s) apply to CSHB 110(FIN):                                                                            
                                                                                                                                
3.  Zero, Dept. of Labor & Workforce Development                                                                                
4.  Zero, Dept. of Natural Resources                                                                                            
5.  Fiscal, Dept. of Revenue                                                                                                    
                                                                                                                                
HB 110 is on today's calendar.