2012-04-15                     Senate Journal                      Page 2388
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 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; 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 engrossed, signed by the President and                                                               
Secretary and returned to the House for consideration.                                                                          
                                                                                                                                
HB 258                                                                                                                        
SENATE CS FOR CS FOR HOUSE BILL NO. 258(FIN) "An Act                                                                            
directing the Department of Transportation and Public Facilities to                                                             
develop and implement standards and operating procedures, to                                                                    
evaluate site-specific use plans, and to designate project areas                                                                
concerning gravel or other aggregate material containing naturally                                                              
occurring asbestos; authorizing use on an interim basis of gravel or                                                            
other aggregate material containing naturally occurring asbestos for                                                            
certain transportation projects and public facilities; providing                                                                
immunity for the state and for landowners, extractors, suppliers,                                                               
transporters, and contractors for certain actions or claims arising in                                                          
connection with the use of gravel or aggregate material containing                                                              
naturally occurring asbestos in certain areas; requiring contractors to                                                         
report certain asbestos- related data to the Department of                                                                      
Transportation and Public Facilities; and providing for an effective                                                            
date" was engrossed, signed by the President and Secretary and                                                                  
returned to the House for consideration with a Senate Letter of Intent.                                                         
                                                                                                                                
HB 264                                                                                                                        
SENATE CS FOR CS FOR HOUSE BILL NO. 264(FIN) "An Act                                                                            
relating to municipal taxation of interests in property owned by the                                                            
Alaska Industrial Development and Export Authority and to the effect                                                            
of the tax status of that property on the local contribution for public                                                         
education; allowing a deferral of municipal property taxes on the                                                               
increase in the value of real property attributable to subdivision of that                                                      
property; relating to municipal taxation of oil and gas production and