2016-04-12                     House Journal                      Page 2235
The Speaker stated that, without objection, CSHB 247(FIN) would be                                                              
returned to second reading for all amendments.                                                                                  
                                                                                                                                
Amendment No. 1 (title amendment) was offered by Representative                                                                 
Thompson:                                                                                                                       
                                                                                                                                
Page 1, lines 5 - 6:                                                                                                            
     Delete "relating to the assessment of an oil and gas production                                                          
tax imposed;"                                                                                                                 
                                                                                                                                
Representative Thompson moved and asked unanimous consent that                                                                  
Amendment No. 1 be adopted.                                                                                                     
                                                                                                                                
Representative Kawasaki objected and withdrew the objection.  There                                                             
being no further objection, Amendment No. 1 was adopted, and the                                                                
new title follows:                                                                                                              
                                                                                                                                
     CS FOR HOUSE BILL NO. 247(FIN)(title am)                                                                                   
     "An Act relating to interest applicable to delinquent tax; relating                                                        
     to the oil and gas production tax, tax payments, and credits;                                                              
     relating to the minimum oil and gas production tax; 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 oil and gas lease                                                      
     expenditures and production tax credits for municipal entities;                                                            
     relating to a bond or cash deposit required for an oil or gas                                                              
     business; establishing a legislative working group to study the tax                                                        
     structure for oil and gas produced south of 68 degrees North                                                               
     latitude; and providing for an effective date."                                                                            
                                                                                                                                
Amendment No. 2 was offered  by Representatives Gara, Kawasaki,                                                                  
Kreiss-Tomkins, Drummond, Tuck, Kito, Wool, and Tarr:                                                                           
                                                                                                                                
Page 5, line 30, through page 7, line 3:                                                                                        
     Delete all material and insert:                                                                                            
              "(2)  oil and gas produced on and after January 1,                                                            
     2017, but before January 1, 2022, from leases or properties                                                            
     that include land north of 68 degrees North latitude,                                                                  
                  (A)  by a producer that does not qualify under (B)                                                        
         of this paragraph, may not be less than