Legislature(2017 - 2018)

2017-04-09 House Journal

Full Journal pdf

2017-04-09                     House Journal                      Page 0963
HB 111                                                                                                                        
The following was read the second time:                                                                                         
                                                                                                                                
    HOUSE BILL NO. 111                                                                                                          
    "An Act relating to the oil and gas production tax, tax payments,                                                           
    and credits; relating to interest applicable to delinquent oil and gas                                                      
    production tax; and providing for an effective date."                                                                       
                                                                                                                                
with the:                                                   Journal Page                                                        
                                                                                                                                
 RES RPT CS(RES) NT 4DP 4DNP 1AM                                      554                                                       
 FN1: INDETERMINATE(DNR)                                              554                                                       
 FN2:(REV)                                                            554                                                       
 FIN RPT CS(FIN) NT 4DP 4DNP 2NR 1AM                                  960                                                       
 FN3: (REV)                                                           961                                                       
                                                                                                                                
**The presence of Representative Gara was noted.                                                                                
                                                                                                                                

2017-04-09                     House Journal                      Page 0964
Representative Tuck moved and asked unanimous consent that the                                                                  
following committee substitute be adopted in lieu of the original bill:                                                         
                                                                                                                                
    CS FOR HOUSE BILL NO. 111(FIN)                                                                                              
    "An Act relating to the oil and gas production tax, tax payments,                                                           
    and credits; relating to interest applicable to delinquent oil and gas                                                      
    production tax; relating to carried-forward lease expenditures                                                              
    based on losses and limiting those lease expenditures to an amount                                                          
    equal to the gross value at the point of production of oil and gas                                                          
    produced from the lease or property where the lease expenditure                                                             
    was incurred; relating to information concerning tax credits, lease                                                         
    expenditures, and oil and gas taxes; relating to the disclosure of                                                          
    that information to the public; relating to an adjustment in the                                                            
    gross value at the point of production; relating to a legislative                                                           
    working group; and providing for an effective date."                                                                        
                                                                                                                                
There being no objection, it was so ordered.                                                                                    
                                                                                                                                
Representative Tuck moved and asked unanimous consent that CSHB                                                                 
111(FIN) be considered engrossed, advanced to third reading, and                                                                
placed on final passage.                                                                                                        
                                                                                                                                
There was objection.                                                                                                            
                                                                                                                                
CSHB 111(FIN) will advance to third reading on tomorrow's calendar.