Legislature(2017 - 2018)
2017-05-15 Senate Journal
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Full Journal pdf2017-05-15 Senate Journal Page 1238 The question being: "Shall Amendment No. 1 be adopted?" The roll was taken with the following result: SCS CSHB 111(FIN) Second Reading Amendment No. 1? YEAS: 5 NAYS: 14 EXCUSED: 1 ABSENT: 0 Yeas: Begich, Egan, Gardner, Olson, Wielechowski Nays: Bishop, Coghill, Costello, Dunleavy, Giessel, Hoffman, Hughes, Kelly, MacKinnon, Meyer, Micciche, Stevens, von Imhof, Wilson Excused: Stedman and so, Amendment No. 1 failed. Senator Wielechowski offered Amendment No. 2 : Page 1, line 1, following "Act": Insert "relating to the oil and gas production tax and tax payments;" Page 3, following line 18: Insert new bill sections to read: "* Sec. 4. AS 43.55.011(e) is amended to read: (e) There is levied on the producer of oil or gas a tax for all oil and gas produced each calendar year from each lease or property in the state, less any oil and gas the ownership or right to which is exempt from taxation or constitutes a landowner's royalty interest or for which a tax is levied by AS 43.55.014. Except as otherwise provided under (f), (j), (k), (o), and (p) of this section, for oil and gas produced (1) before January 1, 2014, the tax is equal to the sum of (A) the annual production tax value of the taxable oil and gas as calculated under AS 43.55.160(a)(1) multiplied by 25 percent; and (B) the sum, over all months of the calendar year, of the tax amounts determined under (g) of this section;