2012-04-09                     House Journal                      Page 2268
HB 276                                                                                                                        
The Finance Committee considered:                                                                                               
                                                                                                                                
     HOUSE BILL NO. 276                                                                                                         
     "An Act providing for a credit against the oil and gas production                                                          
     tax for costs incurred in drilling certain oil or natural gas                                                              
     exploration wells in the Nenana Basin."                                                                                    
                                                                                                                                
and recommends it be replaced with:                                                                                             
                                                                                                                                
     CS FOR HOUSE BILL NO. 276(FIN)                                                                                             
     "An Act providing for a credit against the oil and gas production                                                          
     tax for costs incurred for conducting seismic exploration and                                                              
     drilling certain oil or natural gas exploration wells in certain                                                           
     basins; relating to the determination of the production tax value of                                                       
     oil and gas production; and relating to a special tax rate for new                                                         
     oil or gas production south of 68 degrees North latitude."                                                                 

2012-04-09                     House Journal                      Page 2269
The report was signed by Representatives Stoltze and Thomas, Co-                                                                
chairs, with the following individual recommendations:                                                                          
                                                                                                                                
Do pass (8):  Gara, T. Wilson, Guttenberg, Joule, Neuman, Costello,                                                             
Edgmon, Thomas                                                                                                                  
                                                                                                                                
No recommendation (3):  Fairclough, Doogan, Stoltze                                                                             
                                                                                                                                
The following fiscal note(s) apply to CSHB 276(FIN):                                                                            
                                                                                                                                
3.  Indeterminate, Dept. of Revenue                                                                                             
4.  Fiscal, Dept. of Natural Resources                                                                                          
                                                                                                                                
HB 276 was referred to the Rules Committee for placement on the                                                                 
calendar.