2017-04-25                     Senate Journal                      Page 1055
HB 111                                                                                                                        
The Resources Committee considered CS FOR HOUSE BILL                                                                            
NO. 111(FIN)(efd fld) "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; and relating to a legislative working group"                                                        
and recommended it be replaced with                                                                                             
                                                                                                                                
          SENATE CS FOR CS FOR HOUSE BILL                                                                                       
          NO. 111(RES) "An Act relating to the oil and gas                                                                      
          production tax and credits against the oil and gas                                                                    
          production tax; relating to certain tax credits under                                                                 

2017-04-25                     Senate Journal                      Page 1056
          the tax on corporations and the refund of those                                                                       
          credits; relating to the applicability of certain credits                                                             
          earned under the oil and gas production tax to the tax                                                                
          on corporations; relating to interest applicable to                                                                   
          delinquent taxes; relating to lease expenditures; and                                                                 
          providing for an effective date."                                                                                     
          (Title Change SCR 12)                                                                                                 
                                                                                                                                
Signing do pass: Senator Giessel, Chair; Senators Coghill, von Imhof,                                                           
Meyer. Signing no recommendation: Senators Hughes, Stedman.                                                                     
                                                                                                                                
Fiscal information forthcoming.                                                                                                 
                                                                                                                                
The bill was referred to the Finance Committee.