2016-05-13                     House Journal                      Page 2817
     relating to the oil and gas production tax rate for certain oil                                                            
     exempt from taxation or constituting a landowner's royalty                                                                 
     interest; relating to oil and gas production tax credits; relating to                                                      
     tax credit certificates; relating to the calculation of the production                                                     
     tax value of oil and gas; 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 purchase of tax credit                                                            
     certificates from the oil and gas tax credit fund; relating to lease                                                       
     expenditures; relating to oil and gas lease expenditures and                                                               
     production tax credits for municipal entities; requiring a bond or                                                         
     cash deposit with a business license application for an oil or gas                                                         
     business; establishing a legislative working group to study the                                                            
     fiscal regime and tax structure and rates for oil and gas produced                                                         
     south of 68 degrees North latitude; and providing for an effective                                                         
     date."                                                                                                                     
                                                                                                                                
Representative Seaton moved and asked unanimous consent that 2d                                                                 
CSHB 247(RLS) be returned to second reading for the specific                                                                    
purpose of considering Amendment No. 20.  There being no objection,                                                             
it was so ordered.                                                                                                              
                                                                                                                                
The Speaker stated that, without objection, 2d CSHB 247(RLS),                                                                   
would be returned to second reading for all amendments.                                                                         
                                                                                                                                
Amendment No. 20 was offered  by Representatives Seaton and                                                                      
Wilson:                                                                                                                         
                                                                                                                                
Page 1, line 1, through page 2, line 4 (title amendment):                                                                       
     Delete all material and insert:                                                                                            
""An Act amending the powers of the board of trustees of the                                                                  
Alaska Retirement Management Board to authorize purchase and                                                                  
sale of transferable tax credit certificates issued in conjunction                                                            
with the production tax on oil and gas; relating to interest                                                                  
applicable to delinquent tax; relating to the oil and gas production                                                          
tax, tax payments, and credits; relating to exploration incentive                                                             
credits; 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 confidential information status and public                                                            
record status of information in the possession of the Department