2012-04-15                     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withdrawn as cross sponsors on the bill.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 Objections were heard, then withdrawn.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