2016-05-13                     House Journal                      Page 2874
     TRANSITION: RETROACTIVITY OF REGULATIONS.                                                                                  
Notwithstanding any contrary provision of AS 44.62.240,                                                                         
         (1) if the Department of Revenue expressly designates in a                                                             
regulation that the regulation applies retroactively, a regulation                                                              
adopted by the Department of Revenue to implement, interpret, make                                                              
specific, or otherwise carry out this Act may apply retroactively to the                                                        
effective date of the law implemented by the regulation;                                                                        
         (2) if the Department of Natural Resources expressly                                                                   
designates in the regulation that the regulation applies retroactively, a                                                       
regulation adopted by the Department of Natural Resources to                                                                    
implement, interpret, make specific, or otherwise carry out the                                                                 
statutory amendments in this Act affecting the administration of oil                                                            
and gas leases issued under AS 38.05.180(f)(3)(B), (D), or (E), to the                                                          
extent the regulation relates to the treatment of oil and gas production                                                        
taxes in determining net profits under those leases, may apply                                                                  
retroactively to the effective date of the law implemented by the                                                               
regulation.                                                                                                                     
   * Sec. 69. Sections 31, 60, 67, and 68 of this Act take effect                                                             
immediately under AS 01.10.070(c).                                                                                              
   * Sec. 70. Section 22 of this Act takes effect July 1, 2016.                                                               
   * Sec. 71. Sections 13, 15, 18 - 21, 37, 42, 43, 50, 58, 62, 65, and 66                                                    
of this Act take effect January 1, 2019.                                                                                        
   * Sec. 72. Sections 25, 26, 38 - 40, 46, 47, 49, 52, 53, 55, 59, 63, and                                                   
64 of this Act take effect January 1, 2022.                                                                                     
   * Sec. 73. Except as provided in secs. 69 - 72 of this Act, this Act                                                       
takes effect January 1, 2017."                                                                                                  
                                                                                                                                
Representative Seaton moved and asked unanimous consent that                                                                    
Amendment No. 20 be adopted.                                                                                                    
                                                                                                                                
Representative Talerico objected.                                                                                               
                                                                                                                                
Amendment to Amendment No. 20 was offered  by Representatives                                                                    
Seaton and Wilson:                                                                                                              
                                                                                                                                
Page 31, line 25 of the amendment, following "year":                                                                        
 Delete "2021"                                                                                                                  
 Insert "2022"