2014-04-20                     Senate Journal                      Page 2641
SB 138                                                                                                                        
Message dated April 20 was read stating the House passed and                                                                    
returned for consideration CS FOR SENATE BILL NO. 138(FIN) am                                                                   
"An Act relating to the purposes, powers, and duties of the Alaska                                                              
Gasline Development Corporation; relating to an in-state natural gas                                                            
pipeline, an Alaska liquefied natural gas project, and associated funds;                                                        
requiring state agencies and other entities to expedite reviews and                                                             
actions related to natural gas pipelines and projects; relating to the                                                          
authorities and duties of the commissioner of natural resources relating                                                        
to a North Slope natural gas project, oil and gas and gas only leases,                                                          
and royalty gas and other gas received by the state including gas                                                               
received as payment for the production tax on gas; relating to the tax                                                          
on oil and gas production, on oil production, and on gas production;                                                            
relating to the duties of the commissioner of revenue relating to a                                                             
North Slope natural gas project and gas received as payment for tax;                                                            
relating to confidential information and public record status of                                                                
information provided to or in the custody of the Department of Natural                                                          
Resources and the Department of Revenue; relating to apportionment                                                              
factors of the Alaska Net Income Tax Act; amending the definition of                                                            
gross value at the 'point of production' for gas for purposes of the oil                                                        
and gas production tax; clarifying that the exploration incentive credit,                                                       
the oil or gas producer education credit, and the film production tax                                                           
credit may not be taken against the gas production tax paid in gas;                                                             
relating to the oil or gas producer education credit; requesting the                                                            
governor to establish an interim advisory board to advise the governor                                                          
on municipal involvement in a North Slope natural gas project;                                                                  
relating to the development of a plan by the Alaska Energy Authority                                                            
for developing infrastructure to deliver affordable energy to areas of                                                          
the state that will not have direct access to a North Slope natural gas                                                         
pipeline and a recommendation of a funding source for energy                                                                    
infrastructure development; establishing the Alaska affordable energy                                                           
fund; requiring the commissioner of revenue to develop a plan and                                                               
suggest legislation for municipalities, regional corporations, and                                                              
residents of the state to acquire ownership interests in a North Slope                                                          
natural gas pipeline project; making conforming amendments; and                                                                 
providing for an effective date" with the following amendments:                                                                 
                                                                                                                                
     HOUSE CS FOR CS FOR SENATE BILL                                                                                            
     NO. 138(FIN) am H "An Act relating to the limitation on the                                                                
     value of property taxable by a municipality; relating to the