2016-05-13                     House Journal                      Page 2901
2d CSHB 247 (RLS) am                                                                                                            
Second Reading                                                                                                                  
Amendment No. 23                                                                                                                
                                                                                                                                
YEAS:  12   NAYS:  23   EXCUSED:  3   ABSENT:  2                                                                              
                                                                                                                                
Yeas:  Drummond, Gara, Guttenberg, Josephson, Kawasaki, Kito,                                                                   
Kreiss-Tomkins, Ortiz, Spohnholz, Tarr, Tuck, Wool                                                                              
                                                                                                                                
Nays:  Colver, Edgmon, Foster, Gattis, Herron, Johnson, Keller,                                                                 
LeDoux, Lynn, Millett, Munoz, Nageak, Olson, Pruitt, Saddler,                                                                   
Seaton, Stutes, Talerico, Thompson, Tilton, Vazquez, Wilson,                                                                    
Chenault                                                                                                                        
                                                                                                                                
Excused:  Claman, Hawker, Reinbold                                                                                              
                                                                                                                                
Absent:  Hughes, Neuman                                                                                                         
                                                                                                                                
And so, Amendment No. 23 was not adopted.                                                                                       
                                                                                                                                
Amendment No. 24 was offered  by Representatives Tuck and Gara:                                                                  
                                                                                                                                
Page 1, line 6, following "interest;" (title amendment):                                                                      
     Insert "relating to the oil and gas production tax rate;"                                                                
                                                                                                                                
Page 5, following line 29:                                                                                                      
     Insert new bill sections to read:                                                                                          
"* Sec. 13. 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