Legislature(2017 - 2018)
2017-05-12 Senate JournalFull Journal pdf
2017-05-12 Senate Journal Page 1192 HB 111 The Finance 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(FIN) "An Act relating to credits against the oil and gas production tax; relating to the applicability of certain credits earned under the oil and gas production tax to the tax on corporations; relating to tax credit certificates against the oil and gas production tax and the issuance and assignment of those certificates; relating to interest applicable to delinquent taxes; relating to lease expenditures; relating to the oil and gas tax credit fund; and providing for an effective date." (Title Change SCR 12) Signing do pass: Senator MacKinnon, Cochair; Senators Bishop, von Imhof, Hughes. Signing no recommendation: Senator Hoffman, Cochair; Senator Micciche. Signing amend: Senator Olson. Fiscal information forthcoming. The bill was referred to the Rules Committee.