2016-04-13                     Senate Journal                      Page 2487
SB 130                                                                                                                        
The Resources Committee considered SENATE BILL NO. 130 "An                                                                      
Act relating to confidential information status and public record status                                                        
of information in the possession of the Department of Revenue;                                                                  

2016-04-13                     Senate Journal                      Page 2488
relating to interest applicable to delinquent tax; relating to disclosure                                                       
of oil and gas production tax credit information; 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 minimum tax for certain oil and                                                        
gas production; relating to the minimum tax calculation for monthly                                                             
installment payments of estimated tax; relating to interest on monthly                                                          
installment payments of estimated tax; relating to limitations for the                                                          
application of tax credits; relating to oil and gas production tax credits                                                      
for certain losses and expenditures; relating to limitations for                                                                
nontransferable oil and gas production tax credits based on oil                                                                 
production and the alternative tax credit for oil and gas exploration;                                                          
relating to purchase of tax credit certificates from the oil and gas tax                                                        
credit fund; relating to a minimum for gross value at the point of                                                              
production; relating to lease expenditures and tax credits for municipal                                                        
entities; adding a definition for "qualified capital expenditure"; adding                                                       
a definition for "outstanding liability to the state"; repealing oil and                                                        
gas exploration incentive credits; repealing the limitation on the                                                              
application of credits against tax liability for lease expenditures                                                             
incurred before January 1, 2011; repealing provisions related to the                                                            
monthly installment payments for estimated tax for oil and gas                                                                  
produced before January 1, 2014; repealing the oil and gas production                                                           
tax credit for qualified capital expenditures and certain well                                                                  
expenditures; repealing the calculation for certain lease expenditures                                                          
applicable before January 1, 2011; making conforming amendments;                                                                
and providing for an effective date" and recommended it be replaced                                                             
with                                                                                                                            
                                                                                                                                
          CS FOR SENATE BILL NO. 130(RES) "An Act                                                                               
          relating to interest applicable to delinquent tax;                                                                    
          relating to the oil and gas production tax, tax                                                                       
          payments, and 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 oil and gas lease expenditures and                                                                        
          production tax credits for municipal entities; relating                                                               
          to a bond or cash deposit required for an oil or gas                                                                  
          business; and providing for an effective date."                                                                       
                                                                                                                                
                                                                                                                                

2016-04-13                     Senate Journal                      Page 2489
Signing do pass: Senator Giessel, Chair. Signing no recommendation:                                                             
Senators Costello, Coghill, Micciche, Stoltze. Signing amend:                                                                   
Senators Wielechowski, Stedman.                                                                                                 
                                                                                                                                
The following fiscal information was published today:                                                                           
 Fiscal Note No. 3, Department of Revenue                                                                                       
                                                                                                                                
The following previously published fiscal information applies:                                                                  
 Fiscal Note No. 1, zero, Department of Natural Resources                                                                       
                                                                                                                                
The bill was referred to the Finance Committee.