2017-04-06                     Senate Journal                      Page 0784
The question being: "Shall Amendment No. 3 be tabled?" The roll was                                                             
taken with the following result:                                                                                                
                                                                                                                                
                                                                                                                                
Shall Amendment No. 3 be Tabled?                                                                                                
                                                                                                                                
YEAS:  15   NAYS:  5   EXCUSED:  0   ABSENT:  0                                                                               
                                                                                                                                
Yeas:  Bishop, Coghill, Costello, Dunleavy, Giessel, Hoffman,                                                                   
Hughes, Kelly, MacKinnon, Meyer, Micciche, Stedman, Stevens,                                                                    
von Imhof, Wilson                                                                                                               
                                                                                                                                
Nays:  Begich, Egan, Gardner, Olson, Wielechowski                                                                               
                                                                                                                                
and so, Amendment No. 3 was tabled.                                                                                             
                                                                                                                                
Senator Wielechowski offered Amendment No. 5 :                                                                                   
                                                                                                                                
Page 60, following line 6:                                                                                                      
  Insert a new subsection to read:                                                                                              
  "(c)  It is the intent of the legislature that, notwithstanding                                                               
AS 43.55.024, the Department of Revenue not pay a producer a tax                                                                
credit in the amount specified in this subsection for each barrel of oil                                                        
taxable under AS 43.55.011(e) that does not meet any of the criteria in                                                         
AS 43.55.160(f) or (g) and that is produced during a calendar year                                                              
after December 31, 2013, from a lease or property within a unit or                                                              
nonunitized reservoir that has cumulatively produced 400,000,000                                                                
barrels of oil by the close of the most recent calendar year and from                                                           
which the average daily production of oil from the unit or nonunitized                                                          
reservoir during the most recent calendar year exceeded 20,000                                                                  
barrels. The amount of the tax credit for a barrel of taxable oil subject                                                       
to this subsection produced during a month of the calendar year is                                                              
     (1)  $8 for each barrel of taxable oil if the average gross value at                                                       
the point of production for the month is less than $80 a barrel;                                                                
     (2)  $7 for each barrel of taxable oil if the average gross value at                                                       
the point of production for the month is greater than or equal to $80 a                                                         
barrel, but less than $90 a barrel;                                                                                             
     (3)  $6 for each barrel of taxable oil if the average gross value at                                                       
the point of production for the month is greater than or equal to $90 a                                                         
barrel, but less than $100 a barrel;                                                                                            
     (4)  $5 for each barrel of taxable oil if the average gross value at                                                       
the point of production for the month is greater than or equal to $100 a                                                        
barrel, but less than $110 a barrel;