2016-01-19                     House Journal                      Page 1436
The bill is an integral component of the New Sustainable Alaska Plan                                                            
to provide a balanced and sustainable budget for Alaska's long-term                                                             
fiscal stability.                                                                                                               
                                                                                                                                
I urge your prompt and favorable action on this measure.                                                                        
                                                                                                                                
Sincerely,                                                                                                                      
/s/                                                                                                                             
Bill Walker                                                                                                                     
Governor"                                                                                                                       
                                                                                                                                
HB 247                                                                                                                        
HOUSE BILL NO. 247 by the House Rules Committee by request of                                                                   
the Governor, entitled:                                                                                                         
                                                                                                                                
     "An Act relating to confidential information status and public                                                             
     record status of information in the possession of the Department                                                           
     of Revenue; relating to interest applicable to delinquent tax;                                                             
     relating to disclosure of oil and gas production tax credit                                                                
     information; relating to refunds for the gas storage facility tax                                                          
     credit, the liquefied natural gas storage facility tax credit, and the                                                     
     qualified in-state oil refinery infrastructure expenditures tax credit;                                                    
     relating to the minimum tax for certain oil and gas production;                                                            
     relating to the minimum tax calculation for monthly installment                                                            
     payments of estimated tax; relating to interest on monthly                                                                 
     installment payments of estimated tax; relating to limitations for                                                         
     the application of tax credits; relating to oil and gas production tax                                                     
     credits for certain losses and expenditures; relating to limitations                                                       
     for nontransferable oil and gas production tax credits based on oil                                                        
     production and the alternative tax credit for oil and gas                                                                  
     exploration; relating to purchase of tax credit certificates from the                                                      
     oil and gas tax credit fund; relating to a minimum for gross value                                                         
     at the point of production; relating to lease expenditures and tax                                                         
     credits for municipal entities; adding a definition for "qualified                                                         
     capital expenditure"; adding a definition for "outstanding liability                                                       
     to the state"; repealing oil and gas exploration incentive credits;                                                        
     repealing the limitation on the application of credits against tax                                                         
     liability for lease expenditures incurred before January 1, 2011;                                                          
     repealing provisions related to the monthly installment payments                                                           
     for estimated tax for oil and gas produced before January 1, 2014;