2016-04-12                     House Journal                      Page 2269
Yeas:  Claman, Colver, Drummond, Edgmon, Foster, Gara,                                                                          
Guttenberg, Josephson, Kawasaki, Kito, Kreiss-Tomkins, LeDoux,                                                                  
Munoz, Ortiz, Seaton, Spohnholz, Stutes, Tarr, Tuck, Wool                                                                       
                                                                                                                                
Nays:  Chenault, Gattis, Herron, Hughes, Johnson, Keller, Lynn,                                                                 
Millett, Nageak, Neuman, Olson, Pruitt, Reinbold, Saddler, Talerico,                                                            
Thompson, Tilton, Vazquez, Wilson                                                                                               
                                                                                                                                
Excused:  Hawker                                                                                                                
                                                                                                                                
And so, Amendment No. 13 was adopted.                                                                                           
                                                                                                                                
Amendment No. 14 was offered  by Representatives Tuck, Kito,                                                                     
Kawasaki, Tarr, Josephson, Kreiss-Tomkins, Spohnholz, Gara, Ortiz,                                                              
Guttenberg, and Drummond:                                                                                                       
                                                                                                                                
Page 5, following line 4:                                                                                                       
     Insert a new bill section to read:                                                                                         
"* Sec. 10. AS 43.55.011(e) is amended to read:                                                                               
         (e)  There is levied on the producer of oil or gas a tax for all                                                       
     oil and gas produced each calendar year from each lease or                                                                 
     property in the state, less any oil and gas the ownership or right to                                                      
     which is exempt from taxation or constitutes a landowner's royalty                                                         
     interest or for which a tax is levied by AS 43.55.014. Except as                                                           
     otherwise provided under (f), (j), (k), (o), and (p) of this section,                                                      
     for oil and gas produced                                                                                                   
              (1)  before January 1, 2014, the tax is equal to the sum of                                                       
                  (A)  the annual production tax value of the taxable oil                                                       
         and gas as calculated under AS 43.55.160(a)(1) multiplied by                                                           
         25 percent; and                                                                                                        
                  (B)  the sum, over all months of the calendar year, of                                                        
           the tax amounts determined under (g) of this section;                                                               
              (2)  on and after January 1, 2014, and before January 1,                                                      
     2017 [JANUARY 1, 2022], the tax is equal to the annual                                                                 
     production tax value of the taxable oil and gas as calculated under                                                        
     AS 43.55.160(a)(1) multiplied by 35 percent;                                                                               
              (3)  on and after January 1, 2017, and before                                                                 
     January 1, 2022, the tax is equal to the sum of                                                                        
                  (A)  the annual production tax value of the taxable                                                       
         oil and gas as calculated under AS 43.55.160(a)(1)                                                                 
         multiplied by 35 percent; and