2017-04-25                     Senate Journal                      Page 1055
                                                                                                                                
                                SENATE JOURNAL                                                                               
                                                                                                                                
                           ALASKA STATE LEGISLATURE                                                                          
                                                                                                                                
                            THIRTIETH LEGISLATURE                                                                            
                                                                                                                                
                                FIRST SESSION                                                                                
                                                                                                                                
Juneau, Alaska                     Tuesday                    April 25, 2017                                                  
                                                                                                                                
                               Ninety-ninth Day                                                                              
                                                                                                                                
                                                                                                                                
Pursuant to adjournment the Senate was called to order by President                                                             
Kelly at 11:03 a.m. The Senate was convened for the purpose of a                                                                
technical session.                                                                                                              
                                                                                                                                
Senators Egan, Gardner, Giessel, MacKinnon, Micciche, Stedman,                                                                  
Stevens, von Imhof, Wielechowski, Kelly were present for the                                                                    
technical session.                                                                                                              
                                                                                                                                
                                                                                                                                
                          Standing Committee Reports                                                                         
                                                                                                                                
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