2017-04-09                     House Journal                      Page 0960
HB 111                                                                                                                        
The Finance Committee considered:                                                                                               
                                                                                                                                
    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."                                                                       
                                                                                                                                
and recommends it be replaced with:                                                                                             
                                                                                                                                
    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."                                                                        
                                                                                                                                

2017-04-09                     House Journal                      Page 0961
The report was signed by Representatives Seaton and Foster, Co-                                                                 
chairs, with the following individual recommendations:                                                                          
                                                                                                                                
Do pass (4):  Gara, Guttenberg, Seaton, Foster                                                                                  
                                                                                                                                
Do not pass (4):  Wilson, Thompson, Pruitt, Tilton                                                                              
                                                                                                                                
No recommendation (2):  Ortiz, Grenn                                                                                            
                                                                                                                                
Amend (1):  Kawasaki                                                                                                            
                                                                                                                                
The following fiscal note(s) apply to CSHB 111(FIN):                                                                            
                                                                                                                                
3.  Fiscal, Dept. of Revenue                                                                                                    
                                                                                                                                
HB 111 is on today's calendar.