Legislature(2011 - 2012)
2012-04-15 Senate Journal
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Full Journal pdf2012-04-15 Senate Journal Page 2338 production tax value of oil and gas production; providing that the tax rate for new oil or gas production south of 68 degrees North latitude and outside of the Cook Inlet sedimentary basin may not exceed four percent of the gross value at the point of production; providing for an effective date by repealing the effective dates of secs. 3 and 4, ch. 63, SLA 2008; and providing for an effective date" was adopted. Senators Dyson, Davis moved and asked unanimous consent to be withdrawn as cross sponsors on the bill. Without objection, it was so ordered. Senator Meyer moved and asked unanimous consent that the bill be considered engrossed, advanced to third reading and placed on final passage. Objections were heard, then withdrawn. There being no further objection, it was so ordered. SENATE CS FOR CS FOR HOUSE BILL NO. 252(RLS) was read the third time. Senator French rose to a point of order, stating discussion must be limited to the question before the body [Masons Manual 101]. President Stevens ruled the point was well taken and cautioned members to proceed in order. The question being: "Shall SENATE CS FOR CS FOR HOUSE BILL NO. 252(RLS) "An Act exempting certain small businesses from the corporate income tax; relating to transferable film production tax credits and film production tax credit certificates; relating to the taxes against which a film production tax credit may be applied; transferring the film office to the Department of Revenue and relating to that office; establishing the Alaska Film Incentive Review Commission; establishing a film production promotion program; relating to the amount of credit that may be awarded for compensation to producers, directors, writers, and actors who are not residents; providing for a fee to be paid at the time an application for eligibility for the film production tax credit is filed; providing a one-time credit for the first episodic scripted television production in the state; requiring the legislative audit division to audit the Alaska film production incentive program; relating to the oil and gas production tax; providing for a credit against the oil and gas production tax for costs incurred for