Legislature(2017 - 2018)
2017-07-15 Senate Journal
Full Journal pdf2017-07-15 Senate Journal Page 1564 HB 111 July 15, 2017 Mr. President: Mr. Speaker: The Conference Committee considering 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 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" requests limited powers of free conference on the following specific points: 2017-07-15 Senate Journal Page 1565 Sections 1, 2, 3, 16, 26, 27, 29, 30, 36, 37 (House) Sections 1, 4, 5, 6, 7, 14, 17, 18, 20, 24, 27, 30, 33, 38, 39-43 (Senate) Additionally, the committee requests that Uniform Rule 42(a) and (b) be suspended to allow for free conference powers on the following specific points: Addition of transition language relating to tax credits eligible for purchase by the state during calendar year 2017. Signing the report: Senator Giessel, Chair, Senators Stedman, Olson; Representative Tarr, Chair, Representatives Josephson, Talerico. President Kelly granted the Senate conferees limited powers of free conference on the specific points as requested. Senator Micciche moved and asked unanimous consent the Senate waive Uniform Rule 42(a) and (b), and that the President grant the Senate conferees powers of free conference under Uniform Rule 42(b) for the limited purpose of including: Addition of transition language relating to tax credits eligible for purchase by the state during calendar year 2017. Without objection, Uniform Rule 42(a) and (b) was waived and President Kelly granted the Senate conferees powers of free conference as requested. The Secretary was requested to notify the House. HB 111 The following report was received and distributed at 9:52 p.m., July 15: 2017-07-15 Senate Journal Page 1566 July 15, 2017 Mr. President: Mr. Speaker: The Conference Committee with limited powers of free conference and powers of free conference 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 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" and recommends CONFERENCE CS FOR HOUSE BILL NO. 111 "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; 2017-07-15 Senate Journal Page 1567 relating to the oil and gas tax credit fund; relating to a legislative working group; and providing for an effective date" (Title Change SCR 12) be adopted. The following fiscal information was published today: Fiscal Note No. 7, Department of Revenue Signing the report: Senator Giessel, Chair, Senators Stedman, Olson; Representative Tarr, Chair, Representatives Josephson, Talerico. Senator Micciche moved that the Senate adopt the Conference Committee Report. The question being: "Shall the Senate adopt the Conference Committee Report?" The roll was taken with the following result: CCS HB 111 Shall the Senate Adopt the Conference Committee Report on HB 111? Effective Dates YEAS: 18 NAYS: 0 EXCUSED: 1 ABSENT: 1 Yeas: Bishop, Coghill, Dunleavy, Egan, Gardner, Giessel, Hoffman, Hughes, Kelly, MacKinnon, Meyer, Micciche, Olson, Stedman, Stevens, von Imhof, Wielechowski, Wilson Excused: Costello Absent: Begich and so, the report was adopted, thus adopting: CONFERENCE CS FOR HOUSE BILL NO. 111 "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; 2017-07-15 Senate Journal Page 1568 relating to lease expenditures; relating to the oil and gas tax credit fund; relating to a legislative working group; and providing for an effective date." Senator Micciche moved and asked unanimous consent that the vote on the adoption of the Conference Committee Report be considered the vote on the effective date clauses. Without objection, it was so ordered. The Secretary was requested to notify the House.