2016-04-09                     House Journal                      Page 2156
     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;                                                         
     repealing the oil and gas production tax credit for qualified capital                                                      
     expenditures and certain well expenditures; repealing the                                                                  
     calculation for certain lease expenditures applicable before                                                               
     January 1, 2011; making conforming amendments; and providing                                                               
     for an effective date."                                                                                                    
                                                                                                                                
with the:                                                      Journal Page                                                     
                                                                                                                                
 RES RPT CS(RES) NT 5DP 1DNP 1NR 2AM                                    1901                                                    
 FN3: INDETERMINATE(H.RES/REV)                                          1902                                                    
 FN4: INDETERMINATE(H.RES/FUND CAP)                                     1902                                                    
 FIN RPT CS(FIN) NT 1DP 4DNP 2NR 4AM                                    2148                                                    
 FN5: ZERO(DNR)                                                         2149                                                    
 FN6: (REV)                                                             2149                                                    
                                                                                                                                
Representative Millett moved and asked unanimous consent that the                                                               
following committee substitute be adopted in lieu of the original bill:                                                         
                                                                                                                                
     CS FOR HOUSE BILL NO. 247(FIN)                                                                                             
     "An Act relating to interest applicable to delinquent tax; relating                                                        
     to the oil and gas production tax, tax payments, and credits;