2012-04-11                     Senate Journal                      Page 2160
HB 276                                                                                                                        
CS FOR HOUSE BILL NO. 276(FIN) BY THE HOUSE FINANCE                                                                             
COMMITTEE, entitled:                                                                                                            
                                                                                                                                
          "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."                                                                                                            
                                                                                                                                
was read the first time and referred to the Finance Committee.