2016-06-06                     Senate Journal                      Page 2976
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"                                                                                                                 
                                                                                                                                
and                                                                                                                             
                                                                                                                                
SENATE CS FOR 2d CS FOR HOUSE BILL NO. 247(FIN) am S                                                                            
"An Act relating to the exploration incentive credits; relating to the                                                          
powers and duties of the Alaska Oil and Gas Conservation                                                                        
Commission; relating to interest applicable to delinquent tax; relating                                                         
to the oil and gas production tax, tax payments, and credits; relating to                                                       
tax credit certificates; 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; requiring a bond or cash deposit with a business                                                            
license application for an oil or gas business; and providing for an                                                            
effective date"                                                                                                                 
                                                                                                                                
requests limited powers of free conference on the following specific                                                            
points:                                                                                                                         
                                                                                                                                
 Section 35 (House)                                                                                                             
 Section 25 (Senate)                                                                                                            
                                                                                                                                
Signing the report: Senator Giessel, Chair, Senators Coghill, Micciche;                                                         
Representative Talerico, Chair, Representatives Olson, Tarr.                                                                    
                                                                                                                                
President Meyer granted the Senate members limited powers of free                                                               
conference as requested.                                                                                                        
                                                                                                                                
The Secretary was requested to notify the House.                                                                                
                                                                                                                                
HB 247                                                                                                                        
The following corrected report was received and distributed at                                                                  
3:12 p.m., June 6: