Legislature(2017 - 2018)

2017-05-15 Senate Journal

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2017-05-15                     Senate Journal                      Page 1209
                                                                                                                                
                                SENATE JOURNAL                                                                               
                                                                                                                                
                           ALASKA STATE LEGISLATURE                                                                          
                                                                                                                                
                            THIRTIETH LEGISLATURE                                                                            
                                                                                                                                
                                FIRST SESSION                                                                                
                                                                                                                                
Juneau, Alaska                     Monday                      May 15, 2017                                                   
                                                                                                                                
                          One Hundred Nineteenth Day                                                                         
                                                                                                                                
                                                                                                                                
Pursuant to adjournment the Senate was called to order by President                                                             
Kelly at 11:10 a.m.                                                                                                             
                                                                                                                                
The roll showed nineteen members present. Senator Stedman was                                                                   
excused from a call of the Senate.                                                                                              
                                                                                                                                
The prayer was offered by the Chaplain, Senator Bishop. Senator                                                                 
Hoffman moved and asked unanimous consent that the prayer be                                                                    
spread. Without objection, it was so ordered.                                                                                   
                                                                                                                                
          May the words of our mouths,                                                                                          
          and the meditations of our hearts,                                                                                    
          Be always acceptable in thy sight,                                                                                    
                 Lord, our strength and our redeemer.   Amen.                                                                  
          (Psalm 19:14)                                                                                                         
                                                                                                                                
Senator Dunleavy led the Senate in the Pledge of Allegiance.                                                                    
                                                                                                                                
                                                                                                                                
                                Certification                                                                                
                                                                                                                                
Senator Micciche moved and asked unanimous consent that the                                                                     
journals for the one hundred seventeenth and one hundred eighteenth                                                             
legislative days be approved as certified by the Secretary. Without                                                             
objection, it was so ordered.                                                                                                   
                                                                                                                                
                                                                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1210
                          Messages from the Governor                                                                         
                                                                                                                                
HB 49                                                                                                                         
Message was read stating the Governor signed the following bill on                                                              
May 13 and transmitted the engrossed and enrolled copies to the                                                                 
Lieutenant Governor's Office for permanent filing:                                                                              
                                                                                                                                
          SENATE CS FOR CS FOR HOUSE BILL                                                                                       
          NO. 49(L&C) "An Act extending the termination                                                                         
          date of the Board of Certified Direct-Entry                                                                           
          Midwives; and providing for an effective date."                                                                       
                                                                                                                                
                             Chapter 7, SLA 2017                                                                               
                           Effective Date: 5/14/17                                                                             
                                                                                                                                
                                                                                                                                
                          Standing Committee Reports                                                                         
                                                                                                                                
HB 111                                                                                                                        
Forthcoming fiscal information (page 1192) for the Finance Senate                                                               
Committee Substitute for 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"                                                        
was published today:                                                                                                            
 Fiscal Note No. 6, Department of Revenue                                                                                       
                                                                                                                                
                                                                                                                                
                        Consideration of the Calendar                                                                        
                                                                                                                                
                         Third Reading of House Bills                                                                        
                                                                                                                                
HB 16                                                                                                                         
SENATE CS FOR HOUSE BILL NO. 16(RLS) "An Act relating to                                                                        
training regarding disabilities for police officers, probation officers,                                                        
parole officers, correctional officers, and village public safety officers;                                                     

2017-05-15                     Senate Journal                      Page 1211
relating to rights and responsibilities for drivers when encountering or                                                        
being stopped by a peace officer; relating to a voluntary disability                                                            
designation on a state identification card and a driver's license; relating                                                     
to the implementation of the federal REAL ID Act of 2005; relating to                                                           
issuance of identification cards and drivers' licenses; relating to data                                                        
sharing by the Department of Administration; and providing for an                                                               
effective date" was read the third time.                                                                                        
                                                                                                                                
Senator Micciche moved that the bill be returned to second reading for                                                          
the purpose of considering all amendments offered today. Without                                                                
objection, the bill was returned to second reading.                                                                             
                                                                                                                                
Senator Wielechowski offered Amendment No. 1:                                                                                   
                                                                                                                                
Page 1, lines 4 - 7:                                                                                                            
     Delete "relating to a voluntary disability designation on a state                                                        
identification card and a driver's license; relating to the                                                                   
implementation of the federal REAL ID Act of 2005; relating to                                                                
issuance of identification cards and drivers' licenses; relating to                                                           
data sharing by the Department of Administration; and providing                                                               
for an effective date"                                                                                                        
     Insert "and relating to a voluntary disability designation on a                                                          
state identification card and driver's license"                                                                               
                                                                                                                                
Page 1, line 9, through page 2, line 1:                                                                                         
     Delete all material.                                                                                                       
                                                                                                                                
Page 2, line 2:                                                                                                                 
     Delete "Sec. 2"                                                                                                          
     Insert "Section 1"                                                                                                       
                                                                                                                                
Renumber the following bill sections accordingly.                                                                               
                                                                                                                                
Page 3, lines 8 - 22:                                                                                                           
     Delete all material.                                                                                                       
                                                                                                                                
Renumber the following bill sections accordingly.                                                                               
                                                                                                                                
                                                                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1212
Page 3, line 23:                                                                                                                
     Delete "new subsections"                                                                                                   
     Insert "a new subsection"                                                                                                  
                                                                                                                                
Page 4, line 7, through page 6, line 1:                                                                                         
     Delete all material.                                                                                                       
                                                                                                                                
Page 6, line 19, through page 10, line 25:                                                                                      
     Delete all material.                                                                                                       
                                                                                                                                
Renumber the following bill sections accordingly.                                                                               
                                                                                                                                
Page 10, line 26:                                                                                                               
     Delete "new subsections"                                                                                                   
     Insert "a new subsection"                                                                                                  
                                                                                                                                
Page 11, line 10, through page 12, line 24:                                                                                     
     Delete all material.                                                                                                       
                                                                                                                                
Senator Wielechowski moved for the adoption of Amendment No. 1.                                                                 
Senator Coghill objected.                                                                                                       
                                                                                                                                
The question being: "Shall Amendment No. 1 be adopted?" The roll                                                                
was taken with the following result:                                                                                            
                                                                                                                                
SCS HB 16(RLS)                                                                                                                  
Second Reading                                                                                                                  
Amendment No. 1?                                                                                                                
                                                                                                                                
YEAS:  7   NAYS:  12   EXCUSED:  1   ABSENT:  0                                                                               
                                                                                                                                
Yeas:  Begich, Dunleavy, Egan, Gardner, Hughes, Olson,                                                                          
Wielechowski                                                                                                                    
                                                                                                                                
Nays:  Bishop, Coghill, Costello, Giessel, Hoffman, Kelly,                                                                      
MacKinnon, Meyer, Micciche, Stevens, von Imhof, Wilson                                                                          
                                                                                                                                
Excused:  Stedman                                                                                                               
                                                                                                                                
and so, Amendment No. 1 failed.                                                                                                 
                                                                                                                                
                                                                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1213
Senator Wielechowski offered Amendment No. 2:                                                                                   
                                                                                                                                
Page 3, line 13:                                                                                                                
     Delete "$20"                                                                                                           
     Insert "$10"                                                                                                           
                                                                                                                                
Page 12, line 8:                                                                                                                
     Delete "$20"                                                                                                           
     Insert "$10"                                                                                                           
                                                                                                                                
Senator Wielechowski moved for the adoption of Amendment No. 2.                                                                 
Senator Coghill objected.                                                                                                       
                                                                                                                                
The question being: "Shall Amendment No. 2 be adopted?" The roll                                                                
was taken with the following result:                                                                                            
                                                                                                                                
SCS HB 16(RLS)                                                                                                                  
Second Reading                                                                                                                  
Amendment No. 2?                                                                                                                
                                                                                                                                
YEAS:  6   NAYS:  13   EXCUSED:  1   ABSENT:  0                                                                               
                                                                                                                                
Yeas:  Begich, Egan, Gardner, Hughes, Olson, Wielechowski                                                                       
                                                                                                                                
Nays:  Bishop, Coghill, Costello, Dunleavy, Giessel, Hoffman, Kelly,                                                            
MacKinnon, Meyer, Micciche, Stevens, von Imhof, Wilson                                                                          
                                                                                                                                
Excused:  Stedman                                                                                                               
                                                                                                                                
and so, Amendment No. 2 failed.                                                                                                 
                                                                                                                                
Senator Wielechowski offered Amendment No. 3:                                                                                   
                                                                                                                                
Page 6, following line 28:                                                                                                      
     Insert a new subsection to read:                                                                                           
          "(b)  Notwithstanding (a) of this section, the department may                                                         
     not convey, distribute, or communicate to a private entity any                                                             
     scanned or stored documents collected in order to carry out the                                                            
     provisions of AS 28.15."                                                                                                   
                                                                                                                                
Reletter the following subsections accordingly.                                                                                 
                                                                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1214
Page 7, line 8:                                                                                                                 
     Delete "(b) and (c)"                                                                                                       
     Insert "(c) and (d)"                                                                                                       
                                                                                                                                
Page 7, line 18:                                                                                                                
     Delete "(b) - (e)"                                                                                                         
     Insert "(c) - (f)"                                                                                                         
                                                                                                                                
Page 12, line 15:                                                                                                               
     Delete "AS 28.05.068(f)"                                                                                                   
     Insert "AS 28.05.068(g)"                                                                                                   
                                                                                                                                
Senator Wielechowski moved for the adoption of Amendment No. 3.                                                                 
Senator Coghill objected.                                                                                                       
                                                                                                                                
Senator Wielechowski moved to table Amendment No. 3. Without                                                                    
objection, Amendment No. 3 was tabled.                                                                                          
                                                                                                                                
Senator Wielechowski offered Amendment No. 4:                                                                                   
                                                                                                                                
Page 4, lines 13 - 14:                                                                                                          
     Delete "15 years after the date of application unless otherwise                                                            
required by another"                                                                                                            
     Insert "the minimum amount of time required by P.L. 109-13,                                                                
Division B (REAL ID Act of 2005), or other"                                                                                     
                                                                                                                                
Page 7, lines 28 - 29:                                                                                                          
     Delete "15 years after the date of application unless otherwise                                                            
required by another"                                                                                                            
     Insert "the minimum amount of time required by P.L. 109-13,                                                                
Division B (REAL ID Act of 2005), or other"                                                                                     
                                                                                                                                
Senator Wielechowski moved for the adoption of Amendment No. 4.                                                                 
Senator MacKinnon objected.                                                                                                     
                                                                                                                                
The question being: "Shall Amendment No. 4 be adopted?" The roll                                                                
was taken with the following result:                                                                                            
                                                                                                                                
                                                                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1215
SCS HB 16(RLS)                                                                                                                  
Second Reading                                                                                                                  
Amendment No. 4?                                                                                                                
                                                                                                                                
YEAS:  7   NAYS:  12   EXCUSED:  1   ABSENT:  0                                                                               
                                                                                                                                
Yeas:  Begich, Dunleavy, Egan, Gardner, Olson, von Imhof,                                                                       
Wielechowski                                                                                                                    
                                                                                                                                
Nays:  Bishop, Coghill, Costello, Giessel, Hoffman, Hughes, Kelly,                                                              
MacKinnon, Meyer, Micciche, Stevens, Wilson                                                                                     
                                                                                                                                
Excused:  Stedman                                                                                                               
                                                                                                                                
and so, Amendment No. 4 failed.                                                                                                 
                                                                                                                                
Senator Wielechowski offered Amendment No. 5:                                                                                   
                                                                                                                                
Page 4, line 30:                                                                                                                
     Delete "15 years"                                                                                                          
     Insert "5 years"                                                                                                           
                                                                                                                                
Page 8, lines 13 - 14:                                                                                                          
     Delete "15 years"                                                                                                          
     Insert "5 years"                                                                                                           
                                                                                                                                
Senator Wielechowski moved for the adoption of Amendment No. 5.                                                                 
Senator Micciche objected.                                                                                                      
                                                                                                                                
The question being: "Shall Amendment No. 5 be adopted?" The roll                                                                
was taken with the following result:                                                                                            
                                                                                                                                
SCS HB 16(RLS)                                                                                                                  
Second Reading                                                                                                                  
Amendment No. 5?                                                                                                                
                                                                                                                                
YEAS:  7   NAYS:  12   EXCUSED:  1   ABSENT:  0                                                                               
                                                                                                                                
Yeas:  Begich, Dunleavy, Egan, Gardner, Hughes, Olson,                                                                          
Wielechowski                                                                                                                    
                                                                                                                                
Nays:  Bishop, Coghill, Costello, Giessel, Hoffman, Kelly,                                                                      
MacKinnon, Meyer, Micciche, Stevens, von Imhof, Wilson                                                                          
                                                                                                                                
Excused:  Stedman                                                                                                               
                                                                                                                                
and so, Amendment No. 5 failed.                                                                                                 

2017-05-15                     Senate Journal                      Page 1216
Senator Wielechowski offered Amendment No. 6:                                                                                   
                                                                                                                                
Page 1, line 1, following "Act":                                                                                              
     Insert "relating to liability for private entities who store                                                             
driver's license personal data;"                                                                                              
                                                                                                                                
Page 1, following line 8:                                                                                                       
     Insert a new bill section to read:                                                                                         
"* Section 1. AS 09.65 is amended by adding a new section to read:                                                            
          Sec. 09.65.350. Liability for release of driver's personal                                                          
     license data. A person who suffers damages as a result of a loss of                                                      
     driver's license personal data as a result of an act or omission by a                                                      
     person who receives driver's license personal data under                                                                   
     AS 28.05.068 may bring a civil action against the person to                                                                
     recover                                                                                                                    
              (1) actual economic damages;                                                                                      
              (2) court costs allowed by the rules of court and                                                                 
     reasonable attorney fees; and                                                                                              
              (3) other relief that the court determines to be                                                                  
     appropriate."                                                                                                              
                                                                                                                                
Page 1, line 9:                                                                                                                 
     Delete "Section 1"                                                                                                       
     Insert "Sec. 2"                                                                                                          
                                                                                                                                
Renumber the following bill sections accordingly.                                                                               
                                                                                                                                
Page 12, line 22:                                                                                                               
     Delete "Sections 17 and 19"                                                                                                
     Insert "Sections 18 and 20"                                                                                                
                                                                                                                                
Page 12, line 23:                                                                                                               
     Delete "Sections 1, 3, 4, 8 - 13, 15, and 16"                                                                              
     Insert "Sections 1, 2, 4, 5, 9 - 14, 16, and 17"                                                                           
     Delete "sec. 5"                                                                                                            
     Insert "sec. 6"                                                                                                            
                                                                                                                                
Page 12, line 24:                                                                                                               
     Delete "sec. 14"                                                                                                           
     Insert "sec. 15"                                                                                                           
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1217
Senator Wielechowski moved for the adoption of Amendment No. 6.                                                                 
Senator Micciche objected.                                                                                                      
                                                                                                                                
The question being: "Shall Amendment No. 6 be adopted?" The roll                                                                
was taken with the following result:                                                                                            
                                                                                                                                
SCS HB 16(RLS)                                                                                                                  
Second Reading                                                                                                                  
Amendment No. 6?                                                                                                                
                                                                                                                                
YEAS:  6   NAYS:  13   EXCUSED:  1   ABSENT:  0                                                                               
                                                                                                                                
Yeas:  Begich, Dunleavy, Egan, Gardner, Olson, Wielechowski                                                                     
                                                                                                                                
Nays:  Bishop, Coghill, Costello, Giessel, Hoffman, Hughes, Kelly,                                                              
MacKinnon, Meyer, Micciche, Stevens, von Imhof, Wilson                                                                          
                                                                                                                                
Excused:  Stedman                                                                                                               
                                                                                                                                
and so, Amendment No. 6 failed.                                                                                                 
                                                                                                                                
Senator Wilson offered Amendment No. 7:                                                                                         
                                                                                                                                
Page 7, following line 20:                                                                                                      
     Insert a new subsection to read:                                                                                           
          "(g)  Notwithstanding any other law to the contrary, the                                                              
     department may not share any data collected to carry out the                                                               
     provisions of AS 28.15 with a state agency other than the                                                                  
     Department of Public Safety. In this subsection, "state agency" has                                                        
     the meaning given in AS 44.99.240."                                                                                        
                                                                                                                                
Senator Wilson moved for the adoption of Amendment No. 7. Senator                                                               
Micciche objected.                                                                                                              
                                                                                                                                
The question being: "Shall Amendment No. 7 be adopted?" The roll                                                                
was taken with the following result:                                                                                            
                                                                                                                                
SCS HB 16(RLS)                                                                                                                  
Second Reading                                                                                                                  
Amendment No. 7?                                                                                                                
                                                                                                                                
YEAS:  4   NAYS:  15   EXCUSED:  1   ABSENT:  0                                                                               
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1218
Yeas:  Dunleavy, Olson, Wielechowski, Wilson                                                                                    
                                                                                                                                
Nays:  Begich, Bishop, Coghill, Costello, Egan, Gardner, Giessel,                                                               
Hoffman, Hughes, Kelly, MacKinnon, Meyer, Micciche, Stevens,                                                                    
von Imhof                                                                                                                       
                                                                                                                                
Excused:  Stedman                                                                                                               
                                                                                                                                
and so, Amendment No. 7 failed.                                                                                                 
                                                                                                                                
Senator Wielechowski moved and asked unanimous consent to take                                                                  
Amendment No. 3 from the table. Without objection, Amendment                                                                    
No. 3 was before the Senate.                                                                                                    
                                                                                                                                
Senator Coghill withdrew his objection to Amendment No. 3. There                                                                
being no further objection, Amendment No. 3 was adopted.                                                                        
                                                                                                                                
SENATE CS FOR HOUSE BILL NO. 16(RLS) am S was                                                                                   
automatically in third reading.                                                                                                 
                                                                                                                                
Senator Costello moved and asked unanimous consent that her name                                                                
be withdrawn as a cross sponsor on the bill. Without objection, it was                                                          
so ordered.                                                                                                                     
                                                                                                                                
The question being: "Shall SENATE CS FOR HOUSE BILL                                                                             
NO. 16(RLS) am S "An Act relating to training regarding disabilities                                                            
for police officers, probation officers, parole officers, correctional                                                          
officers, and village public safety officers; relating to rights and                                                            
responsibilities for drivers when encountering or being stopped by a                                                            
peace officer; relating to a voluntary disability designation on a state                                                        
identification card and a driver's license; relating to the                                                                     
implementation of the federal REAL ID Act of 2005; relating to                                                                  
issuance of identification cards and drivers' licenses; relating to data                                                        
sharing by the Department of Administration; and providing for an                                                               
effective date" pass the Senate?" The roll was taken with the following                                                         
result:                                                                                                                         
                                                                                                                                
SCS HB 16(RLS) am S                                                                                                             
Third Reading - Final Passage                                                                                                   
                                                                                                                                
YEAS:  14   NAYS:  5   EXCUSED:  1   ABSENT:  0                                                                               
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1219
Yeas:  Bishop, Coghill, Costello, Egan, Gardner, Giessel, Hoffman,                                                              
Kelly, MacKinnon, Meyer, Micciche, Olson, Stevens, von Imhof                                                                    
                                                                                                                                
Nays:  Begich, Dunleavy, Hughes, Wielechowski, Wilson                                                                           
                                                                                                                                
Excused:  Stedman                                                                                                               
                                                                                                                                
and so, SENATE CS FOR HOUSE BILL NO. 16(RLS) am S passed                                                                        
the Senate.                                                                                                                     
                                                                                                                                
Senator Micciche moved and asked unanimous consent that the vote                                                                
on the passage of the bill be considered the vote on the effective date                                                         
clauses. Senator Wielechowski objected.                                                                                         
                                                                                                                                
The question being: "Shall the effective date clauses be adopted?" The                                                          
roll was taken with the following result:                                                                                       
                                                                                                                                
SCS HB 16(RLS) am S                                                                                                             
Effective Date Clauses                                                                                                          
                                                                                                                                
YEAS:  14   NAYS:  5   EXCUSED:  1   ABSENT:  0                                                                               
                                                                                                                                
Yeas:  Bishop, Coghill, Costello, Egan, Gardner, Giessel, Hoffman,                                                              
Kelly, MacKinnon, Meyer, Micciche, Olson, Stevens, von Imhof                                                                    
                                                                                                                                
Nays:  Begich, Dunleavy, Hughes, Wielechowski, Wilson                                                                           
                                                                                                                                
Excused:  Stedman                                                                                                               
                                                                                                                                
and so, the effective date clauses were adopted and referred to the                                                             
Secretary for engrossment.                                                                                                      
                                                                                                                                
Senator Micciche moved and asked unanimous consent that his name                                                                
be withdrawn as a cross sponsor on the bill. Without objection, it was                                                          
so ordered.                                                                                                                     
                                                                                                                                
SCR 8                                                                                                                         
Senator Micciche moved and asked unanimous consent to take up                                                                   
SENATE CONCURRENT RESOLUTION NO. 8, which had been                                                                              
held on the Secretary's desk (page 661). Senator Wielechowski                                                                   
objected.                                                                                                                       
                                                                                                                                
                                                                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1220
The question being: "Shall the Senate take up SENATE                                                                            
CONCURRENT RESOLUTION NO. 8 Suspending Rules 24(c), 35,                                                                         
41(b), and 42(e), Uniform Rules of the Alaska State Legislature,                                                                
concerning House Bill No. 16, relating to training regarding                                                                    
disabilities for police officers, probation officers, parole officers,                                                          
correctional officers, and village public safety officers; relating to                                                          
guidelines for drivers when encountering or being stopped by a peace                                                            
officer; relating to driver's license examinations; and relating to a                                                           
voluntary disability designation on a state identification card and a                                                           
driver's license?" The roll was taken with the following result:                                                                
                                                                                                                                
SCR 8                                                                                                                           
Take Up?                                                                                                                        
                                                                                                                                
YEAS:  15   NAYS:  4   EXCUSED:  1   ABSENT:  0                                                                               
                                                                                                                                
Yeas:  Bishop, Coghill, Costello, Egan, Gardner, Giessel, Hoffman,                                                              
Hughes, Kelly, MacKinnon, Meyer, Micciche, Stevens, von Imhof,                                                                  
Wilson                                                                                                                          
                                                                                                                                
Nays:  Begich, Dunleavy, Olson, Wielechowski                                                                                    
                                                                                                                                
Excused:  Stedman                                                                                                               
                                                                                                                                
and so, SENATE CONCURRENT RESOLUTION NO. 8 was before                                                                           
the Senate on final passage.                                                                                                    
                                                                                                                                
The question being: "Shall SENATE CONCURRENT RESOLUTION                                                                         
NO. 8 Suspending Rules 24(c), 35, 41(b), and 42(e), Uniform Rules of                                                            
the Alaska State Legislature, concerning House Bill No. 16, relating to                                                         
training regarding disabilities for police officers, probation officers,                                                        
parole officers, correctional officers, and village public safety officers;                                                     
relating to guidelines for drivers when encountering or being stopped                                                           
by a peace officer; relating to driver's license examinations; and                                                              
relating to a voluntary disability designation on a state identification                                                        
card and a driver's license, pass the Senate?" The roll was taken with                                                          
the following result:                                                                                                           
                                                                                                                                
SCR 8                                                                                                                           
Final Passage                                                                                                                   
                                                                                                                                
YEAS:  15   NAYS:  4   EXCUSED:  1   ABSENT:  0                                                                               
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1221
Yeas:  Bishop, Coghill, Costello, Egan, Gardner, Giessel, Hoffman,                                                              
Hughes, Kelly, MacKinnon, Meyer, Micciche, Stevens, von Imhof,                                                                  
Wilson                                                                                                                          
                                                                                                                                
Nays:  Begich, Dunleavy, Olson, Wielechowski                                                                                    
                                                                                                                                
Excused:  Stedman                                                                                                               
                                                                                                                                
and so, SENATE CONCURRENT RESOLUTION NO. 8 passed the                                                                           
Senate and was referred to the Secretary for engrossment.                                                                       
                                                                                                                                
                                                                                                                                
                     Second Reading of Senate Resolutions                                                                    
                                                                                                                                
SR 6                                                                                                                          
Senator Micciche moved and asked unanimous consent to take up                                                                   
SENATE RESOLUTION NO. 6 Urging the Alaska division of motor                                                                     
vehicles to advocate for discontinued use of social security numbers as                                                         
a means of identity verification, which had been held on the                                                                    
Secretary's desk (page 1185). Senator Gardner objected then withdrew                                                            
her objection. There being no further objection, the resolution was                                                             
before the Senate on final passage.                                                                                             
                                                                                                                                
The question being: "Shall SENATE RESOLUTION NO. 6 Urging                                                                       
the Alaska division of motor vehicles to advocate for discontinued use                                                          
of social security numbers as a means of identity verification, pass the                                                        
Senate?" The roll was taken with the following result:                                                                          
                                                                                                                                
SR 6                                                                                                                            
Final Passage                                                                                                                   
                                                                                                                                
YEAS:  19   NAYS:  0   EXCUSED:  1   ABSENT:  0                                                                               
                                                                                                                                
Yeas:  Begich, Bishop, Coghill, Costello, Dunleavy, Egan, Gardner,                                                              
Giessel, Hoffman, Hughes, Kelly, MacKinnon, Meyer, Micciche,                                                                    
Olson, Stevens, von Imhof, Wielechowski, Wilson                                                                                 
                                                                                                                                
Excused:  Stedman                                                                                                               
                                                                                                                                
and so, SENATE RESOLUTION NO. 6 passed the Senate and was                                                                       
referred to the Secretary for engrossment and enrollment.                                                                       
                                                                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1222
                   Third Reading of House Bills (continued)                                                                  
                                                                                                                                
HB 111                                                                                                                        
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" was read the third time.                                                             
                                                                                                                                
Senator Micciche moved that the bill be returned to second reading for                                                          
the purpose of considering all amendments offered today. Without                                                                
objection, the bill was returned to second reading.                                                                             
                                                                                                                                
Senator Wielechowski offered Amendment No. 1:                                                                                   
                                                                                                                                
Page 1, line 1:                                                                                                                 
     Delete "credits against the oil and gas production tax"                                                                  
     Insert "the oil and gas production tax, tax payments, and                                                                
credits"                                                                                                                      
                                                                                                                                
Page 3, following line 18:                                                                                                      
     Insert new bill sections to read:                                                                                          
   "* Sec. 4. AS 43.55.011(f) is amended to read:                                                                           
          (f)  The levy of tax under (e) of this section for                                                                    
              (1)  oil and gas produced before January 1, 2018                                                              
     [JANUARY 1, 2022], from leases or properties that include land                                                             
     north of 68 degrees North latitude, other than gas subject to (o) of                                                       
     this section, may not be less than                                                                                         
                   (A)  four percent of the gross value at the point of                                                         
          production when the average price per barrel for Alaska North                                                         
          Slope crude oil for sale on the United States West Coast                                                              
          during the calendar year for which the tax is due is more than                                                        
          $25;                                                                                                                  
                   (B)  three percent of the gross value at the point of                                                        
          production when the average price per barrel for Alaska North                                                         
          Slope crude oil for sale on the United States West Coast                                                              
          during the calendar year for which the tax is due is over $20                                                         
          but not over $25;                                                                                                     

2017-05-15                     Senate Journal                      Page 1223
                   (C)  two percent of the gross value at the point of                                                          
          production when the average price per barrel for Alaska North                                                         
          Slope crude oil for sale on the United States West Coast                                                              
          during the calendar year for which the tax is due is over                                                             
          $17.50 but not over $20;                                                                                              
                   (D)  one percent of the gross value at the point of                                                          
          production when the average price per barrel for Alaska North                                                         
          Slope crude oil for sale on the United States West Coast                                                              
          during the calendar year for which the tax is due is over $15                                                         
          but not over $17.50; or                                                                                               
                   (E)  zero percent of the gross value at the point of                                                         
          production when the average price per barrel for Alaska North                                                         
          Slope crude oil for sale on the United States West Coast                                                              
          during the calendar year for which the tax is due is $15 or                                                           
          less; [AND]                                                                                                           
              (2)  gas [OIL] produced on and after January 1, 2018,                                                     
     and before January 1, 2022, from leases or properties that include                                                     
     land north of 68 degrees North latitude, other than gas subject to                                                     
     (o) of this section, may not be less than 15                                                                       
                   [(A)  FOUR] percent of the gross value at the point of                                                       
          production; and                                                                                                   
              (3)  oil produced on and after January 1, 2018, from                                                          
     leases or properties that include land north of 68 degrees                                                             
     North latitude may not be less than 15 percent of the gross                                                            
     value at the point of production [WHEN THE AVERAGE                                                                     
     PRICE PER BARREL FOR ALASKA NORTH SLOPE CRUDE                                                                              
     OIL FOR SALE ON THE UNITED STATES WEST COAST                                                                               
     DURING THE CALENDAR YEAR FOR WHICH THE TAX IS                                                                              
     DUE IS MORE THAN $25;                                                                                                      
                   (B)  THREE PERCENT OF THE GROSS VALUE                                                                        
          AT THE POINT OF PRODUCTION WHEN THE                                                                                   
          AVERAGE PRICE PER BARREL FOR ALASKA NORTH                                                                             
          SLOPE CRUDE OIL FOR SALE ON THE UNITED                                                                                
          STATES WEST COAST DURING THE CALENDAR                                                                                 
          YEAR FOR WHICH THE TAX IS DUE IS OVER $20 BUT                                                                         
          NOT OVER $25;                                                                                                         
                   (C)  TWO PERCENT OF THE GROSS VALUE AT                                                                       
          THE POINT OF PRODUCTION WHEN THE AVERAGE                                                                              
          PRICE PER BARREL FOR ALASKA NORTH SLOPE                                                                               
          CRUDE OIL FOR SALE ON THE UNITED STATES WEST                                                                          

2017-05-15                     Senate Journal                      Page 1224
          COAST DURING THE CALENDAR YEAR FOR WHICH                                                                              
          THE TAX IS DUE IS OVER $17.50 BUT NOT OVER $20;                                                                       
                   (D)  ONE PERCENT OF THE GROSS VALUE AT                                                                       
          THE POINT OF PRODUCTION WHEN THE AVERAGE                                                                              
          PRICE PER BARREL FOR ALASKA NORTH SLOPE                                                                               
          CRUDE OIL FOR SALE ON THE UNITED STATES WEST                                                                          
          COAST DURING THE CALENDAR YEAR FOR WHICH                                                                              
          THE TAX IS DUE IS OVER $15 BUT NOT OVER $17.50;                                                                       
          OR                                                                                                                    
                   (E)  ZERO PERCENT OF THE GROSS VALUE AT                                                                      
          THE POINT OF PRODUCTION WHEN THE AVERAGE                                                                              
          PRICE PER BARREL FOR ALASKA NORTH SLOPE                                                                               
          CRUDE OIL FOR SALE ON THE UNITED STATES WEST                                                                          
          COAST DURING THE CALENDAR YEAR FOR WHICH                                                                              
          THE TAX IS DUE IS $15 OR LESS].                                                                                       
   * Sec. 5. AS 43.55.011 is amended by adding a new subsection to                                                            
read:                                                                                                                           
          (q)  A credit under this chapter may not be applied to reduce                                                         
     the tax under (e) of this section below the amount calculated under                                                        
     (f) of this section.                                                                                                       
   * Sec. 6. AS 43.55.019(e) is amended to read:                                                                              
          (e)  The credit under this section may not reduce a person's                                                          
     tax liability under AS 43.55.011(e) to below zero or the amount                                                        
     calculated under AS 43.55.011(f), if applicable, for any tax year.                                                     
     An unused credit or portion of a credit not used under this section                                                        
     for a tax year may not be sold, traded, transferred, or applied in a                                                       
     subsequent tax year.                                                                                                       
   * Sec. 7. AS 43.55.020(a) is amended to read:                                                                              
          (a)  For a calendar year, a producer subject to tax under                                                             
     AS 43.55.011 shall pay the tax as follows:                                                                                 
              (1)  for oil and gas produced before January 1, 2014, an                                                          
     installment payment of the estimated tax levied by                                                                         
     AS 43.55.011(e), net of any tax credits applied as allowed by law,                                                         
     is due for each month of the calendar year on the last day of the                                                          
     following month; except as otherwise provided under (2) of this                                                            
     subsection, the amount of the installment payment is the sum of                                                            
     the following amounts, less 1/12 of the tax credits that are allowed                                                       
     by law to be applied against the tax levied by AS 43.55.011(e) for                                                         
     the calendar year, but the amount of the installment payment may                                                           
     not be less than zero:                                                                                                     

2017-05-15                     Senate Journal                      Page 1225
                   (A)  for oil and gas not subject to AS 43.55.011(o) or                                                       
          (p) produced from leases or properties in the state outside the                                                       
          Cook Inlet sedimentary basin, other than leases or properties                                                         
          subject to AS 43.55.011(f), the greater of                                                                            
                        (i)  zero; or                                                                                           
                        (ii)  the sum of 25 percent and the tax rate                                                            
              calculated for the month under AS 43.55.011(g)                                                                    
              multiplied by the remainder obtained by subtracting 1/12                                                          
              of the producer's adjusted lease expenditures for the                                                             
              calendar year of production under AS 43.55.165 and                                                                
              43.55.170 that are deductible for the oil and gas under                                                           
              AS 43.55.160 from the gross value at the point of                                                                 
              production of the oil and gas produced from the leases or                                                         
              properties during the month for which the installment                                                             
              payment is calculated;                                                                                            
                   (B)  for oil and gas produced from leases or                                                                 
          properties subject to AS 43.55.011(f), the greatest of                                                                
                        (i)  zero;                                                                                              
                        (ii)  zero percent, one percent, two percent, three                                                     
              percent, or four percent, as applicable, of the gross value                                                       
              at the point of production of the oil and gas produced                                                            
              from the leases or properties during the month for which                                                          
              the installment payment is calculated; or                                                                         
                        (iii)  the sum of 25 percent and the tax rate                                                           
              calculated for the month under AS 43.55.011(g)                                                                    
              multiplied by the remainder obtained by subtracting 1/12                                                          
              of the producer's adjusted lease expenditures for the                                                             
              calendar year of production under AS 43.55.165 and                                                                
              43.55.170 that are deductible for the oil and gas under                                                           
              AS 43.55.160 from the gross value at the point of                                                                 
              production of the oil and gas produced from those leases                                                          
              or properties during the month for which the installment                                                          
              payment is calculated;                                                                                            
                   (C)  for oil or gas subject to AS 43.55.011(j), (k), or                                                      
          (o), for each lease or property, the greater of                                                                       
                        (i)  zero; or                                                                                           
                        (ii)  the sum of 25 percent and the tax rate                                                            
              calculated for the month under AS 43.55.011(g)                                                                    
              multiplied by the remainder obtained by subtracting 1/12                                                          
              of the producer's adjusted lease expenditures for the                                                             

2017-05-15                     Senate Journal                      Page 1226
              calendar year of production under AS 43.55.165 and                                                                
              43.55.170 that are deductible under AS 43.55.160 for the                                                          
              oil or gas, respectively, produced from the lease or                                                              
              property from the gross value at the point of production                                                          
              of the oil or gas, respectively, produced from the lease or                                                       
              property during the month for which the installment                                                               
              payment is calculated;                                                                                            
                   (D)  for oil and gas subject to AS 43.55.011(p), the                                                         
          lesser of                                                                                                             
                        (i)  the sum of 25 percent and the tax rate                                                             
              calculated for the month under AS 43.55.011(g)                                                                    
              multiplied by the remainder obtained by subtracting 1/12                                                          
              of the producer's adjusted lease expenditures for the                                                             
              calendar year of production under AS 43.55.165 and                                                                
              43.55.170 that are deductible for the oil and gas under                                                           
              AS 43.55.160 from the gross value at the point of                                                                 
              production of the oil and gas produced from the leases or                                                         
              properties during the month for which the installment                                                             
              payment is calculated, but not less than zero; or                                                                
                        (ii)  four percent of the gross value at the point of                                                   
              production of the oil and gas produced from the leases or                                                         
              properties during the month, but not less than zero;                                                              
              (2)  an amount calculated under (1)(C) of this subsection                                                         
     for oil or gas subject to AS 43.55.011(j), (k), or (o) may not                                                             
     exceed the product obtained by carrying out the calculation set out                                                        
     in AS 43.55.011(j)(1) or (2) or 43.55.011(o), as applicable, for gas                                                       
     or set out in AS 43.55.011(k) for oil, but substituting in                                                                 
     AS 43.55.011(j)(1)(A) or (2)(A) or 43.55.011(o), as applicable,                                                            
     the amount of taxable gas produced during the month for the                                                                
     amount of taxable gas produced during the calendar year and                                                                
     substituting in AS 43.55.011(k) the amount of taxable oil                                                                  
     produced during the month for the amount of taxable oil produced                                                           
     during the calendar year;                                                                                                  
              (3)  an installment payment of the estimated tax levied by                                                        
     AS 43.55.011(i) for each lease or property is due for each month                                                           
     of the calendar year on the last day of the following month; the                                                           
     amount of the installment payment is the sum of                                                                            
                                                                                                                                
                                                                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1227
                   (A)  the applicable tax rate for oil provided under                                                          
          AS 43.55.011(i), multiplied by the gross value at the point of                                                        
          production of the oil taxable under AS 43.55.011(i) and                                                               
          produced from the lease or property during the month; and                                                             
                   (B)  the applicable tax rate for gas provided under                                                          
          AS 43.55.011(i), multiplied by the gross value at the point of                                                        
          production of the gas taxable under AS 43.55.011(i) and                                                               
            produced from the lease or property during the month;                                                              
              (4)  any amount of tax levied by AS 43.55.011, net of any                                                         
     credits applied as allowed by law, that exceeds the total of the                                                           
     amounts due as installment payments of estimated tax is due on                                                             
       March 31 of the year following the calendar year of production;                                                         
              (5)  for oil and gas produced on and after January 1, 2014,                                                       
     and before January 1, 2022, an installment payment of the                                                                  
     estimated tax levied by AS 43.55.011(e), net of any tax credits                                                            
     applied as allowed by law, is due for each month of the calendar                                                           
     year on the last day of the following month; except as otherwise                                                           
     provided under (6) of this subsection, the amount of the                                                                   
     installment payment is the sum of the following amounts, less                                                              
     1/12 of the tax credits that are allowed by law to be applied                                                              
     against the tax levied by AS 43.55.011(e) for the calendar year,                                                           
     but the amount of the installment payment may not be less than                                                             
     zero:                                                                                                                      
                   (A)  for oil and gas not subject to AS 43.55.011(o) or                                                       
          (p) produced from leases or properties in the state outside the                                                       
          Cook Inlet sedimentary basin, other than leases or properties                                                         
          subject to AS 43.55.011(f), the greater of                                                                            
                        (i)  zero; or                                                                                           
                        (ii)  35 percent multiplied by the remainder                                                            
              obtained by subtracting 1/12 of the producer's adjusted                                                           
              lease expenditures for the calendar year of production                                                            
              under AS 43.55.165 and 43.55.170 that are deductible for                                                          
              the oil and gas under AS 43.55.160 from the gross value                                                           
              at the point of production of the oil and gas produced                                                            
              from the leases or properties during the month for which                                                          
              the installment payment is calculated;                                                                            
                   (B)  for oil and gas produced from leases or                                                                 
          properties subject to AS 43.55.011(f), the greatest of                                                                
                        (i)  zero;                                                                                              
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1228
                        (ii)  the percentage applicable under                                                               
              AS 43.55.011(f) [ZERO PERCENT, ONE PERCENT,                                                                   
              TWO PERCENT, THREE PERCENT, OR FOUR                                                                               
              PERCENT, AS APPLICABLE,] of the gross value at the                                                                
              point of production of the oil and gas produced from the                                                          
              leases or properties during the month for which the                                                               
              installment payment is calculated; or                                                                             
                        (iii)  35 percent multiplied by the remainder                                                           
              obtained by subtracting 1/12 of the producer's adjusted                                                           
              lease expenditures for the calendar year of production                                                            
              under AS 43.55.165 and 43.55.170 that are deductible for                                                          
              the oil and gas under AS 43.55.160 from the gross value                                                           
              at the point of production of the oil and gas produced                                                            
              from those leases or properties during the month for                                                              
              which the installment payment is calculated, except that,                                                         
              for the purposes of this calculation, a reduction from the                                                        
              gross value at the point of production may apply for oil                                                          
              and gas subject to AS 43.55.160(f) or (g);                                                                        
                   (C)  for oil or gas subject to AS 43.55.011(j), (k), or                                                      
          (o), for each lease or property, the greater of                                                                       
                        (i)  zero; or                                                                                           
                        (ii)  35 percent multiplied by the remainder                                                            
              obtained by subtracting 1/12 of the producer's adjusted                                                           
              lease expenditures for the calendar year of production                                                            
              under AS 43.55.165 and 43.55.170 that are deductible                                                              
              under AS 43.55.160 for the oil or gas, respectively,                                                              
              produced from the lease or property from the gross value                                                          
              at the point of production of the oil or gas, respectively,                                                       
              produced from the lease or property during the month for                                                          
                 which the installment payment is calculated;                                                                  
                   (D)  for oil and gas subject to AS 43.55.011(p), the                                                         
          lesser of                                                                                                             
                        (i)  35 percent multiplied by the remainder                                                             
              obtained by subtracting 1/12 of the producer's adjusted                                                           
              lease expenditures for the calendar year of production                                                            
              under AS 43.55.165 and 43.55.170 that are deductible for                                                          
              the oil and gas under AS 43.55.160 from the gross value                                                           
              at  the  point  of  production  of  the  oil  and gas produced                                                    
                                                                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1229
              from the leases or properties during the month for which                                                          
              the installment payment is calculated, but not less than                                                          
              zero; or                                                                                                          
                        (ii)  four percent of the gross value at the point of                                                   
              production of the oil and gas produced from the leases or                                                         
              properties during the month, but not less than zero;                                                              
              (6)  an amount calculated under (5)(C) of this subsection                                                         
     for oil or gas subject to AS 43.55.011(j), (k), or (o) may not                                                             
     exceed the product obtained by carrying out the calculation set out                                                        
     in AS 43.55.011(j)(1) or (2) or 43.55.011(o), as applicable, for gas                                                       
     or set out in AS 43.55.011(k) for oil, but substituting in                                                                 
     AS 43.55.011(j)(1)(A) or (2)(A) or 43.55.011(o), as applicable,                                                            
     the amount of taxable gas produced during the month for the                                                                
     amount of taxable gas produced during the calendar year and                                                                
     substituting in AS 43.55.011(k) the amount of taxable oil                                                                  
     produced during the month for the amount of taxable oil produced                                                           
     during the calendar year;                                                                                                  
              (7)  for oil and gas produced on or after January 1, 2022,                                                        
     an installment payment of the estimated tax levied by                                                                      
     AS 43.55.011(e), net of any tax credits applied as allowed by law,                                                         
     is due for each month of the calendar year on the last day of the                                                          
     following month; except as otherwise provided under (10) of this                                                           
     subsection, the amount of the installment payment is the sum of                                                            
     the following amounts, less 1/12 of the tax credits that are allowed                                                       
     by law to be applied against the tax levied by AS 43.55.011(e) for                                                         
     the calendar year, but the amount of the installment payment may                                                           
     not be less than zero:                                                                                                     
                   (A)  for oil produced from leases or properties subject                                                      
          to AS 43.55.011(f), the greatest of                                                                                   
                        (i)  zero;                                                                                              
                        (ii)  15 [ZERO] percent [, ONE PERCENT,                                                             
              TWO PERCENT, THREE PERCENT, OR FOUR                                                                               
              PERCENT, AS APPLICABLE,] of the gross value at the                                                                
              point of production of the oil produced from the leases or                                                        
              properties during the month for which the installment                                                             
              payment is calculated; or                                                                                         
                        (iii)  35 percent multiplied by the remainder                                                           
              obtained by subtracting 1/12 of the producer's adjusted                                                           
              lease expenditures for the calendar year of production                                                            
              under AS 43.55.165 and 43.55.170 that are deductible for                                                          

2017-05-15                     Senate Journal                      Page 1230
              the oil under AS 43.55.160(h)(1) from the gross value at                                                          
              the point of production of the oil produced from those                                                            
              leases or properties during the month for which the                                                               
              installment payment is calculated, except that, for the                                                           
              purposes of this calculation, a reduction from the gross                                                          
              value at the point of production may apply for oil subject                                                        
              to AS 43.55.160(f) or 43.55.160(f) and (g);                                                                       
                   (B)  for oil produced before or during the last                                                              
          calendar year under AS 43.55.024(b) for which the producer                                                            
          could take a tax credit under AS 43.55.024(a), from leases or                                                         
          properties in the state outside the Cook Inlet sedimentary                                                            
          basin, no part of which is north of 68 degrees North latitude,                                                        
          other than leases or properties subject to AS 43.55.011(o) or                                                         
          (p), the greater of                                                                                                   
                        (i)  zero; or                                                                                           
                        (ii)  35 percent multiplied by the remainder                                                            
              obtained by subtracting 1/12 of the producer's adjusted                                                           
              lease expenditures for the calendar year of production                                                            
              under AS 43.55.165 and 43.55.170 that are deductible for                                                          
              the oil under AS 43.55.160(h)(2) from the gross value at                                                          
              the point of production of the oil produced from the                                                              
              leases or properties during the month for which the                                                               
              installment payment is calculated;                                                                                
                   (C)  for oil and gas produced from leases or                                                                 
          properties subject to AS 43.55.011(p), except as otherwise                                                            
          provided under (8) of this subsection, the sum of                                                                     
                        (i)  35 percent multiplied by the remainder                                                             
              obtained by subtracting 1/12 of the producer's adjusted                                                           
              lease expenditures for the calendar year of production                                                            
              under AS 43.55.165 and 43.55.170 that are deductible for                                                          
              the oil under AS 43.55.160(h)(3) from the gross value at                                                          
              the point of production of the oil produced from the                                                              
              leases or properties during the month for which the                                                               
              installment payment is calculated, but not less than zero;                                                        
              and                                                                                                               
                        (ii)  13 percent of the gross value at the point of                                                     
              production of the gas produced from the leases or                                                                 
              properties during the month, but not less than zero;                                                              
                                                                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1231
                   (D)  for oil produced from leases or properties in the                                                       
          state, no part of which is north of 68 degrees North latitude,                                                        
          other than leases or properties subject to (B), (C), or (F) of                                                        
          this paragraph, the greater of                                                                                        
                        (i)  zero; or                                                                                           
                        (ii)  35 percent multiplied by the remainder                                                            
              obtained by subtracting 1/12 of the producer's adjusted                                                           
              lease expenditures for the calendar year of production                                                            
              under AS 43.55.165 and 43.55.170 that are deductible for                                                          
              the oil under AS 43.55.160(h)(4) from the gross value at                                                          
              the point of production of the oil produced from the                                                              
              leases or properties during the month for which the                                                               
              installment payment is calculated;                                                                                
                   (E)  for gas produced from each lease or property in                                                         
          the state outside the Cook Inlet sedimentary basin, other than                                                        
          a lease or property subject to AS 43.55.011(o) or (p), 13                                                             
          percent of the gross value at the point of production of the gas                                                      
          produced from the lease or property during the month for                                                              
          which the installment payment is calculated, but not less than                                                        
          zero;                                                                                                                 
                   (F)  for oil subject to AS 43.55.011(k), for each lease                                                      
          or property, the greater of                                                                                           
                        (i)  zero; or                                                                                           
                        (ii)  35 percent multiplied by the remainder                                                            
              obtained by subtracting 1/12 of the producer's adjusted                                                           
              lease expenditures for the calendar year of production                                                            
              under AS 43.55.165 and 43.55.170 that are deductible                                                              
              under AS 43.55.160 for the oil produced from the lease or                                                         
              property from the gross value at the point of production                                                          
              of the oil produced from the lease or property during the                                                         
              month for which the installment payment is calculated;                                                            
                   (G)  for gas subject to AS 43.55.011(j) or (o), for                                                          
          each lease or property, the greater of                                                                                
                        (i)  zero; or                                                                                           
                        (ii)  13 percent of the gross value at the point of                                                     
              production of the gas produced from the lease or property                                                         
              during the month for which the installment payment is                                                             
              calculated;                                                                                                       
                                                                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1232
              (8)  an amount calculated under (7)(C) of this subsection                                                         
     may not exceed four percent of the gross value at the point of                                                             
     production of the oil and gas produced from leases or properties                                                           
     subject to AS 43.55.011(p) during the month for which the                                                                  
     installment payment is calculated;                                                                                         
              (9)  for purposes of the calculation under (1)(B)(ii),                                                            
     (5)(B)(ii), and (7)(A)(ii) of this subsection, the applicable                                                              
     percentage of the gross value at the point of production is                                                                
     determined under AS 43.55.011(f)(1) or (2) but substituting the                                                            
     phrase "month for which the installment payment is calculated" in                                                          
     AS 43.55.011(f)(1) and (2) for the phrase "calendar year for which                                                         
     the tax is due";                                                                                                           
              (10)  an amount calculated under (7)(F) or (G) of this                                                            
     subsection for oil or gas subject to AS 43.55.011(j), (k), or (o)                                                          
     may not exceed the product obtained by carrying out the                                                                    
     calculation set out in AS 43.55.011(j)(1) or (2) or 43.55.011(o), as                                                       
     applicable, for gas, or set out in AS 43.55.011(k) for oil, but                                                            
     substituting in AS 43.55.011(j)(1)(A) or (2)(A) or 43.55.011(o), as                                                        
     applicable, the amount of taxable gas produced during the month                                                            
     for the amount of taxable gas produced during the calendar year                                                            
     and substituting in AS 43.55.011(k) the amount of taxable oil                                                              
     produced during the month for the amount of taxable oil produced                                                           
     during the calendar year;                                                                                              
              (11)  for purposes of the calculation under (5)(B)(ii) or                                                     
     (7)(A)(ii) of this subsection, a credit under this chapter may                                                         
     not be applied to reduce an installment payment to less than                                                           
     the amount calculated using the applicable percentage under                                                            
     AS 43.55.011(f)."                                                                                                      
                                                                                                                                
Renumber the following bill sections accordingly.                                                                               
                                                                                                                                
Page 4, following line 1:                                                                                                       
     Insert a new bill section to read:                                                                                         
"* Sec. 9. AS 43.55.023(c), as amended by sec. 8 of this Act, is                                                              
amended to read:                                                                                                                
          (c)  A credit or portion of a credit under this section                                                               
              (1)may not be used to reduce a person's tax liability                                                             
     under AS 43.55.011(e) for any calendar year below zero or the                                                          
     amount calculated under AS 43.55.011(f), if applicable;                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1233
              (2)  may, if not used under this subsection, be applied in a                                                      
     later calendar year;                                                                                                       
              (3)  may, regardless of when the credit was earned, be                                                            
     used to satisfy a tax, interest, penalty, fee, or other charge that                                                       
                   (A)  is related to the tax due under this chapter for a                                                      
          prior year, except for a surcharge under AS 43.55.201 -                                                               
          43.55.299 or 43.55.300 or the tax levied by AS 43.55.011(i);                                                          
          and                                                                                                                   
                   (B)  has not, for the purpose of art. IX, sec. 17(a),                                                        
          Constitution of the State of Alaska, been subject to an                                                               
          administrative proceeding or litigation."                                                                             
                                                                                                                                
Renumber the following bill sections accordingly.                                                                               
                                                                                                                                
Page 4, line 20:                                                                                                                
     Delete "sec. 5"                                                                                                            
     Insert "sec. 10"                                                                                                           
                                                                                                                                
Page 6, following line 14:                                                                                                      
     Insert new bill sections to read:                                                                                          
"* Sec. 14. AS 43.55.024(g) is amended to read:                                                                               
          (g)  A tax credit authorized by (c) of this section may not be                                                        
     applied to reduce a producer's tax liability for any calendar year                                                         
     under AS 43.55.011(e) below zero or the amount calculated                                                              
     under AS 43.55.011(f), if applicable.                                                                                  
   * Sec. 15. AS 43.55.024(i) is amended to read:                                                                             
          (i)  A producer may apply against the producer's tax liability                                                        
     for the calendar year under AS 43.55.011(e) a tax credit of $5 for                                                         
     each barrel of oil taxable under AS 43.55.011(e) that receives a                                                           
     reduction in the gross value at the point of production under                                                              
     AS 43.55.160(f) or (g) and that is produced during a calendar year                                                         
     after December 31, 2013. A tax credit authorized by this                                                                   
     subsection may not reduce a producer's tax liability for a calendar                                                        
     year under AS 43.55.011(e) below zero or the amount calculated                                                         
     under AS 43.55.011(f), as applicable."                                                                                 
                                                                                                                                
Renumber the following bill sections accordingly.                                                                               
                                                                                                                                
                                                                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1234
Page 7, line 8:                                                                                                                 
     Delete "sec. 9"                                                                                                            
     Insert "sec. 16"                                                                                                           
                                                                                                                                
Page 12, following line 28:                                                                                                     
     Insert a new bill section to read:                                                                                         
"* Sec. 23.  AS 43.55.025(i), as amended by sec. 22 of this Act, is                                                           
amended to read:                                                                                                                
          (i)  For a production tax credit under this section,                                                                  
              (1)  a credit may not be applied to reduce a taxpayer's tax                                                       
     liability for a calendar year under AS 43.55.011(e) below zero                                                         
     or the amount calculated under AS 43.55.011(f), if applicable                                                          
     [FOR A CALENDAR YEAR];                                                                                                     
              (2)  if the production tax credit is for exploration                                                              
     expenditures incurred for work performed on or after July 1, 2016,                                                         
     the explorer may apply the credit to reduce the explorer's tax                                                             
     liability under AS 43.20, except that the credit may not be applied                                                        
     to reduce the explorer's tax liability under AS 43.20 below zero                                                           
     for a tax year; and                                                                                                        
              (3)  an amount of the production tax credit in excess of                                                          
     the amount that may be applied for a calendar or tax year under                                                            
     this subsection may be carried forward and applied against the                                                             
     taxpayer's tax liability under AS 43.55.011(e) in one or more later                                                        
      calendar years or under AS 43.20 in one or more later tax years."                                                        
                                                                                                                                
Renumber the following bill sections accordingly.                                                                               
                                                                                                                                
Page 14, line 26:                                                                                                               
     Delete "sec. 19"                                                                                                           
     Insert "sec. 27"                                                                                                           
                                                                                                                                
Page 19, line 18:                                                                                                               
     Delete "secs. 9, 12, and 15"                                                                                               
     Insert "secs. 16, 19, and 22"                                                                                              
                                                                                                                                
Page 19, following line 19:                                                                                                     
     Insert a new bill section to read:                                                                                         
"* Sec. 40. The uncodified law of the State of Alaska is amended by                                                           
adding a new section to read:                                                                                                   
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1235
     APPLICABILITY. The additional limitations on the use of tax                                                                
credits in AS 43.55.011(q), added by sec. 5 of this Act,                                                                        
AS 43.55.023(c), as amended by sec. 9 of this Act, AS 43.55.024(g),                                                             
as amended by sec. 14 of this Act, AS 43.55.024(i), as amended by                                                               
sec. 15 of this Act, and AS 43.55.025(i), as amended by sec. 23 of this                                                         
Act, and the adjustment to the calculation of a tax payment under                                                               
AS 43.55.020(a)(11), added by sec. 7 of this Act, apply to credits                                                              
applied to reduce a tax liability for a tax year starting on or after the                                                       
effective date of secs. 5, 7, 9, 14, 15, and 23 of this Act."                                                                   
                                                                                                                                
Renumber the following bill sections accordingly.                                                                               
                                                                                                                                
Page 19, line 23:                                                                                                               
     Delete "sec. 4"                                                                                                            
     Insert "sec. 8"                                                                                                            
     Delete "sec. 7"                                                                                                            
     Insert "sec. 12"                                                                                                           
                                                                                                                                
Page 19, line 24:                                                                                                               
     Delete "sec. 14"                                                                                                           
     Insert "sec. 21"                                                                                                           
                                                                                                                                
Page 19, line 31:                                                                                                               
     Delete "secs. 24 and 27"                                                                                                   
     Insert "secs. 32 and 35"                                                                                                   
                                                                                                                                
Page 20, line 1:                                                                                                                
     Delete "secs. 24 and 27"                                                                                                   
     Insert "secs. 32 and 35"                                                                                                   
                                                                                                                                
Page 20, line 11:                                                                                                               
     Delete "sec. 30"                                                                                                           
     Insert "sec. 38"                                                                                                           
                                                                                                                                
Page 20, line 12:                                                                                                               
     Delete "sec. 30"                                                                                                           
     Insert "sec. 38"                                                                                                           
                                                                                                                                
                                                                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1236
Page 20, line 14:                                                                                                               
     Delete "sec. 30"                                                                                                           
     Insert "sec. 38"                                                                                                           
                                                                                                                                
Page 20, following line 14:                                                                                                     
     Insert a new bill section to read:                                                                                         
"* Sec. 45. The uncodified law of the State of Alaska is amended by                                                           
adding a new section to read:                                                                                                   
     TRANSITION: PAYMENT OF TAX; FILING. (a)                                                                                    
Notwithstanding AS 43.55.020(a), as amended by sec. 7 of this Act, a                                                            
person subject to tax under AS 43.55 that is required to make one or                                                            
more installment payments of estimated tax or other payments of tax                                                             
under AS 43.55.020 for production before the effective date of sec. 7                                                           
of this Act shall pay the tax under AS 43.55.020, as that section read                                                          
on the day before the effective date of sec. 7 of this Act.                                                                     
     (b)  The Department of Revenue may continue to apply and                                                                   
enforce AS 43.55.020(a), as that subsection read on the day before the                                                          
effective date of sec. 7 of this Act, for a tax or installment payment for                                                      
production before the effective date of sec. 7 of this Act."                                                                    
                                                                                                                                
Renumber the following bill sections accordingly.                                                                               
                                                                                                                                
Page 20, line 18:                                                                                                               
     Delete "sec. 29"                                                                                                           
     Insert "sec. 37"                                                                                                           
                                                                                                                                
Page 20, line 19:                                                                                                               
     Delete "secs. 22, 23, 25, and 28"                                                                                          
     Insert "secs. 30, 31, 33, and 36"                                                                                          
                                                                                                                                
Page 20, line 20:                                                                                                               
     Delete "sec. 29"                                                                                                           
     Insert "sec. 37"                                                                                                           
                                                                                                                                
Page 20, line 24:                                                                                                               
     Delete "sec. 29"                                                                                                           
     Insert "sec. 37"                                                                                                           
                                                                                                                                
                                                                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1237
Page 20, line 26:                                                                                                               
     Delete "sec. 29"                                                                                                           
     Insert "sec. 37"                                                                                                           
                                                                                                                                
Page 20, line 27:                                                                                                               
     Delete "sec. 29"                                                                                                           
     Insert "sec. 37"                                                                                                           
                                                                                                                                
Page 21, lines 1 - 2:                                                                                                           
     Delete "sec. 30"                                                                                                           
     Insert "sec. 38"                                                                                                           
                                                                                                                                
Page 21, line 12:                                                                                                               
     Delete "6, 8, 30, 35, and 37"                                                                                              
     Insert "11, 13, 38, 44, and 47"                                                                                            
                                                                                                                                
Page 21, line 27:                                                                                                               
     Delete "4, 7, 9, 12 - 15, 17, 19, 31, 32, 38, and 39"                                                                      
     Insert "8, 12, 16, 19 - 22, 25, 27, 39, 41, 48, and 49"                                                                    
                                                                                                                                
Page 21, line 29:                                                                                                               
     Delete "Section 24"                                                                                                        
     Insert "Section 32"                                                                                                        
                                                                                                                                
Page 21, line 31:                                                                                                               
     Delete "sec. 39"                                                                                                           
     Insert "sec. 49"                                                                                                           
     Delete "6, 8, 30, 35, and 37"                                                                                              
     Insert "11, 13, 38, 44, and 47"                                                                                            
                                                                                                                                
Page 22, line 3:                                                                                                                
     Delete "sec. 39"                                                                                                           
     Insert "sec. 49"                                                                                                           
                                                                                                                                
Page 22, line 5:                                                                                                                
     Delete "secs. 40 - 42"                                                                                                     
     Insert "secs. 50 - 52"                                                                                                     
                                                                                                                                
Senator Wielechowski moved for the adoption of Amendment No. 1.                                                                 
Senator Micciche objected.                                                                                                      
                                                                                                                                

2017-05-15                     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;                                                              
                                                                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1239
              (2)  on and after January 1, 2014, and before January 1,                                                          
     2018 [2022], the tax is equal to the annual production tax value of                                                    
     the taxable oil and gas as calculated under AS 43.55.160(a)(1)                                                             
     multiplied by 35 percent;                                                                                                  
              (3)  on and after January 1, 2018, and before                                                                 
     January 1, 2022, 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 35 percent; and                                                                                     
                   (B)  the sum, over all months of the calendar year,                                                      
          of the tax amounts determined under (g) of this section;                                                          
                (4)  on and after January 1, 2022, the tax for                                                             
                   (A)  oil is equal to the sum of                                                                          
                        (i)  the annual production tax value of the taxable                                                 
              oil as calculated under AS 43.55.160(h) multiplied by 35                                                          
              percent; and                                                                                                  
                        (ii)  the sum, over all months of the calendar                                                      
              year, of the tax amounts determined under (g) of this                                                         
              section;                                                                                                      
                   (B)  gas is equal to 13 percent of the gross value at                                                        
          the point of production of the taxable gas; if the gross value at                                                     
          the point of production of gas produced from a lease or                                                               
          property is less than zero, that gross value at the point of                                                          
          production is considered zero for purposes of this                                                                    
          subparagraph.                                                                                                         
   * Sec. 5. AS 43.55.011(g) is amended to read:                                                                              
          (g)  For purposes of this section,                                                                                
              (1)  before January 1, 2014, for [FOR] each month of a                                                        
     calendar year [BEFORE 2014] for which the producer's average                                                               
     monthly production tax value under AS 43.55.160(a)(2) of a BTU                                                             
     equivalent barrel of the taxable oil and gas is more than $30, the                                                         
     amount of tax for purposes of (e)(1)(B) of this section is                                                                 
     determined by multiplying the monthly production tax value of                                                              
     the taxable oil and gas produced during the month by the tax rate                                                          
     calculated as follows:                                                                                                     
                   (A) [(1)]  if the producer's average monthly                                                             
          production tax value of a BTU equivalent barrel of the taxable                                                        
          oil and gas for the month is not more than $92.50, the tax rate                                                       
                                                                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1240
          is 0.4 percent multiplied by the number that represents the                                                           
          difference between that average monthly production tax value                                                          
          of a BTU equivalent barrel and $30; or                                                                                
                   (B) [(2)]  if the producer's average monthly                                                             
          production tax value of a BTU equivalent barrel of the taxable                                                        
          oil and gas for the month is more than $92.50, the tax rate is                                                        
          the sum of 25 percent and the product of 0.1 percent                                                                  
          multiplied by the number that represents the difference                                                               
          between the average monthly production tax value of a BTU                                                             
          equivalent barrel and $92.50, except that the sum determined                                                          
          under this subparagraph [PARAGRAPH] may not exceed 50                                                             
          percent;                                                                                                          
              (2)  on or after January 1, 2018, and before January 1,                                                       
     2022, for each month of a calendar year for which the                                                                  
     producer's average monthly production tax value under                                                                  
     AS 43.55.160(a)(2) of a BTU equivalent barrel of the taxable                                                           
     oil and gas is more than $20, the amount of tax for purposes of                                                        
     (e)(3)(B) of this section is determined by multiplying the                                                             
     monthly production tax value of the taxable oil and gas                                                                
     produced during the month by the tax rate calculated by                                                                
     multiplying 0.3 percent and the number that represents the                                                             
     difference between that average monthly production tax value                                                           
     of a BTU equivalent barrel and $20;                                                                                    
              (3) on or after January 1, 2022, for each month of a                                                          
     calendar year for which the producer's average monthly                                                                 
     production tax value under AS 43.55.160(a)(2) of a barrel of                                                           
     the taxable oil is more than $20, the amount of tax for                                                                
     purposes of (e)(4)(A)(ii) of this section is determined by                                                             
     multiplying the monthly production tax value of the taxable                                                            
     oil produced during the month by the tax rate calculated by                                                            
     multiplying 0.3 percent and the number that represents the                                                             
     difference between that average monthly production tax value                                                           
     of a barrel of taxable oil and $20.                                                                                    
   * Sec. 6. AS 43.55.014(b) is amended to read:                                                                              
          (b)  A production tax levied by this section is equal to 13                                                           
     percent of the gas otherwise taxable under AS 43.55.011(e)(4)(B)                                                       
     [AS 43.55.011(e)(3)] produced from each oil and gas lease to                                                               
     which an effective election under (a) of this section applies, when                                                        
                                                                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1241
     and as that gas is produced. The producer shall pay the tax in gas                                                         
     by delivering that 13 percent of the gas to the state at the point of                                                      
     production.                                                                                                                
   * Sec. 7. AS 43.55.020(a) is amended to read:                                                                              
          (a)  For a calendar year, a producer subject to tax under                                                             
     AS 43.55.011 shall pay the tax as follows:                                                                                 
              (1)  for oil and gas produced before January 1, 2014, an                                                          
     installment payment of the estimated tax levied by                                                                         
     AS 43.55.011(e), net of any tax credits applied as allowed by law,                                                         
     is due for each month of the calendar year on the last day of the                                                          
     following month; except as otherwise provided under (2) of this                                                            
     subsection, the amount of the installment payment is the sum of                                                            
     the following amounts, less 1/12 of the tax credits that are allowed                                                       
     by law to be applied against the tax levied by AS 43.55.011(e) for                                                         
     the calendar year, but the amount of the installment payment may                                                           
     not be less than zero:                                                                                                     
                   (A)  for oil and gas not subject to AS 43.55.011(o) or                                                       
          (p) produced from leases or properties in the state outside the                                                       
          Cook Inlet sedimentary basin, other than leases or properties                                                         
          subject to AS 43.55.011(f), the greater of                                                                            
                        (i)  zero; or                                                                                           
                        (ii)  the sum of 25 percent and the tax rate                                                            
              calculated for the month under AS 43.55.011(g)                                                                    
              multiplied by the remainder obtained by subtracting 1/12                                                          
              of the producer's adjusted lease expenditures for the                                                             
              calendar year of production under AS 43.55.165 and                                                                
              43.55.170 that are deductible for the oil and gas under                                                           
              AS 43.55.160 from the gross value at the point of                                                                 
              production of the oil and gas produced from the leases or                                                         
              properties during the month for which the installment                                                             
              payment is calculated;                                                                                            
                   (B)  for oil and gas produced from leases or                                                                 
          properties subject to AS 43.55.011(f), the greatest of                                                                
                        (i)  zero;                                                                                              
                        (ii)  zero percent, one percent, two percent, three                                                     
              percent, or four percent, as applicable, of the gross value                                                       
              at the point of production of the oil and gas produced                                                            
              from the leases or properties during the month for which                                                          
              the installment payment is calculated; or                                                                         
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1242
                        (iii)  the sum of 25 percent and the tax rate                                                           
              calculated for the month under AS 43.55.011(g)                                                                    
              multiplied by the remainder obtained by subtracting 1/12                                                          
              of the producer's adjusted lease expenditures for the                                                             
              calendar year of production under AS 43.55.165 and                                                                
              43.55.170 that are deductible for the oil and gas under                                                           
              AS 43.55.160 from the gross value at the point of                                                                 
              production of the oil and gas produced from those leases                                                          
              or properties during the month for which the installment                                                          
              payment is calculated;                                                                                            
                   (C)  for oil or gas subject to AS 43.55.011(j), (k), or                                                      
          (o), for each lease or property, the greater of                                                                       
                        (i)  zero; or                                                                                           
                        (ii)  the sum of 25 percent and the tax rate                                                            
              calculated for the month under AS 43.55.011(g)                                                                    
              multiplied by the remainder obtained by subtracting 1/12                                                          
              of the producer's adjusted lease expenditures for the                                                             
              calendar year of production under AS 43.55.165 and                                                                
              43.55.170 that are deductible under AS 43.55.160 for the                                                          
              oil or gas, respectively, produced from the lease or                                                              
              property from the gross value at the point of production                                                          
              of the oil or gas, respectively, produced from the lease or                                                       
              property during the month for which the installment                                                               
              payment is calculated;                                                                                            
                   (D)  for oil and gas subject to AS 43.55.011(p), the                                                         
          lesser of                                                                                                             
                        (i)  the sum of 25 percent and the tax rate                                                             
              calculated for the month under AS 43.55.011(g)                                                                    
              multiplied by the remainder obtained by subtracting 1/12                                                          
              of the producer's adjusted lease expenditures for the                                                             
              calendar year of production under AS 43.55.165 and                                                                
              43.55.170 that are deductible for the oil and gas under                                                           
              AS 43.55.160 from the gross value at the point of                                                                 
              production of the oil and gas produced from the leases or                                                         
              properties during the month for which the installment                                                             
              payment is calculated, but not less than zero; or                                                                
                        (ii)  four percent of the gross value at the point of                                                   
              production of the oil and gas produced from the leases or                                                         
              properties during the month, but not less than zero;                                                              
              (2)  an amount calculated under (1)(C) of this subsection                                                         

2017-05-15                     Senate Journal                      Page 1243
     for oil or gas subject to AS 43.55.011(j), (k), or (o) may not                                                             
     exceed the product obtained by carrying out the calculation set out                                                        
     in AS 43.55.011(j)(1) or (2) or 43.55.011(o), as applicable, for gas                                                       
     or set out in AS 43.55.011(k) for oil, but substituting in                                                                 
     AS 43.55.011(j)(1)(A) or (2)(A) or 43.55.011(o), as applicable,                                                            
     the amount of taxable gas produced during the month for the                                                                
     amount of taxable gas produced during the calendar year and                                                                
     substituting in AS 43.55.011(k) the amount of taxable oil                                                                  
     produced during the month for the amount of taxable oil produced                                                           
     during the calendar year;                                                                                                  
              (3)  an installment payment of the estimated tax levied by                                                        
     AS 43.55.011(i) for each lease or property is due for each month                                                           
     of the calendar year on the last day of the following month; the                                                           
     amount of the installment payment is the sum of                                                                            
                   (A)  the applicable tax rate for oil provided under                                                          
          AS 43.55.011(i), multiplied by the gross value at the point of                                                        
          production of the oil taxable under AS 43.55.011(i) and                                                               
          produced from the lease or property during the month; and                                                             
                   (B)  the applicable tax rate for gas provided under                                                          
          AS 43.55.011(i), multiplied by the gross value at the point of                                                        
          production of the gas taxable under AS 43.55.011(i) and                                                               
            produced from the lease or property during the month;                                                              
              (4)  any amount of tax levied by AS 43.55.011, net of any                                                         
     credits applied as allowed by law, that exceeds the total of the                                                           
     amounts due as installment payments of estimated tax is due on                                                             
       March 31 of the year following the calendar year of production;                                                         
              (5)  for oil and gas produced on and after January 1, 2014,                                                       
     and before January 1, 2022, an installment payment of the                                                                  
     estimated tax levied by AS 43.55.011(e), net of any tax credits                                                            
     applied as allowed by law, is due for each month of the calendar                                                           
     year on the last day of the following month; except as otherwise                                                           
     provided under (6) of this subsection, the amount of the                                                                   
     installment payment is the sum of the following amounts, less                                                              
     1/12 of the tax credits that are allowed by law to be applied                                                              
     against the tax levied by AS 43.55.011(e) for the calendar year,                                                           
     but the amount of the installment payment may not be less than                                                             
     zero:                                                                                                                      
                                                                                                                                
                                                                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1244
                   (A)  for oil and gas not subject to AS 43.55.011(o) or                                                       
          (p) produced from leases or properties in the state outside the                                                       
          Cook Inlet sedimentary basin, other than leases or properties                                                         
          subject to AS 43.55.011(f), the greater of                                                                            
                        (i)  zero; or                                                                                           
                        (ii)  the sum of 35 percent and the tax rate                                                    
              calculated for the month under AS 43.55.011(g), as                                                            
              applicable, multiplied by the remainder obtained by                                                           
              subtracting 1/12 of the producer's adjusted lease                                                                 
              expenditures for the calendar year of production under                                                            
              AS 43.55.165 and 43.55.170 that are deductible for the oil                                                        
              and gas under AS 43.55.160 from the gross value at the                                                            
              point of production of the oil and gas produced from the                                                          
              leases or properties during the month for which the                                                               
              installment payment is calculated;                                                                                
                   (B)  for oil and gas produced from leases or                                                                 
          properties subject to AS 43.55.011(f), the greatest of                                                                
                        (i)  zero;                                                                                              
                        (ii)  zero percent, one percent, two percent, three                                                     
              percent, or four percent, as applicable, of the gross value                                                       
              at the point of production of the oil and gas produced                                                            
              from the leases or properties during the month for which                                                          
              the installment payment is calculated; or                                                                         
                        (iii)  the sum of 35 percent and the tax rate                                                   
              calculated for the month under AS 43.55.011(g), as                                                            
              applicable, multiplied by the remainder obtained by                                                           
              subtracting 1/12 of the producer's adjusted lease                                                                 
              expenditures for the calendar year of production under                                                            
              AS 43.55.165 and 43.55.170 that are deductible for the oil                                                        
              and gas under AS 43.55.160 from the gross value at the                                                            
              point of production of the oil and gas produced from                                                              
              those leases or properties during the month for which the                                                         
              installment payment is calculated, except that, for the                                                           
              purposes of this calculation, a reduction from the gross                                                          
              value at the point of production may apply for oil and gas                                                        
              subject to AS 43.55.160(f) or (g);                                                                                
                   (C)  for oil or gas subject to AS 43.55.011(j), (k), or                                                      
          (o), for each lease or property, the greater of                                                                       
                        (i)  zero; or                                                                                           
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1245
                        (ii)  the sum of 35 percent and the tax rate                                                    
              calculated for the month under AS 43.55.011(g), as                                                            
              applicable, multiplied by the remainder obtained by                                                           
              subtracting 1/12 of the producer's adjusted lease                                                                 
              expenditures for the calendar year of production under                                                            
              AS 43.55.165 and 43.55.170 that are deductible under                                                              
              AS 43.55.160 for the oil or gas, respectively, produced                                                           
              from the lease or property from the gross value at the                                                            
              point of production of the oil or gas, respectively,                                                              
              produced from the lease or property during the month for                                                          
                 which the installment payment is calculated;                                                                  
                   (D)  for oil and gas subject to AS 43.55.011(p), the                                                         
          lesser of                                                                                                             
                        (i)  the sum of 35 percent and the tax rate                                                     
              calculated for the month under AS 43.55.011(g), as                                                            
              applicable, multiplied by the remainder obtained by                                                           
              subtracting 1/12 of the producer's adjusted lease                                                                 
              expenditures for the calendar year of production under                                                            
              AS 43.55.165 and 43.55.170 that are deductible for the oil                                                        
              and gas under AS 43.55.160 from the gross value at the                                                            
              point of production of the oil and gas produced from the                                                          
              leases or properties during the month for which the                                                               
              installment payment is calculated, but not less than zero;                                                        
              or                                                                                                                
                        (ii)  four percent of the gross value at the point of                                                   
              production of the oil and gas produced from the leases or                                                         
              properties during the month, but not less than zero;                                                              
              (6)  an amount calculated under (5)(C) of this subsection                                                         
     for oil or gas subject to AS 43.55.011(j), (k), or (o) may not                                                             
     exceed the product obtained by carrying out the calculation set out                                                        
     in AS 43.55.011(j)(1) or (2) or 43.55.011(o), as applicable, for gas                                                       
     or set out in AS 43.55.011(k) for oil, but substituting in                                                                 
     AS 43.55.011(j)(1)(A) or (2)(A) or 43.55.011(o), as applicable,                                                            
     the amount of taxable gas produced during the month for the                                                                
     amount of taxable gas produced during the calendar year and                                                                
     substituting in AS 43.55.011(k) the amount of taxable oil                                                                  
     produced during the month for the amount of taxable oil produced                                                           
     during the calendar year;                                                                                                  
                                                                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1246
              (7)  for oil and gas produced on or after January 1, 2022,                                                        
     an installment payment of the estimated tax levied by                                                                      
     AS 43.55.011(e), net of any tax credits applied as allowed by law,                                                         
     is due for each month of the calendar year on the last day of the                                                          
     following month; except as otherwise provided under (10) of this                                                           
     subsection, the amount of the installment payment is the sum of                                                            
     the following amounts, less 1/12 of the tax credits that are allowed                                                       
     by law to be applied against the tax levied by AS 43.55.011(e) for                                                         
     the calendar year, but the amount of the installment payment may                                                           
     not be less than zero:                                                                                                     
                   (A)  for oil produced from leases or properties subject                                                      
          to AS 43.55.011(f), the greatest of                                                                                   
                        (i)  zero;                                                                                              
                        (ii)  zero percent, one percent, two percent, three                                                     
              percent, or four percent, as applicable, of the gross value                                                       
              at the point of production of the oil produced from the                                                           
              leases or properties during the month for which the                                                               
              installment payment is calculated; or                                                                             
                        (iii)  the sum of 35 percent and the tax rate                                                   
              calculated for the month under AS 43.55.011(g), as                                                            
              applicable, multiplied by the remainder obtained by                                                           
              subtracting 1/12 of the producer's adjusted lease                                                                 
              expenditures for the calendar year of production under                                                            
              AS 43.55.165 and 43.55.170 that are deductible for the oil                                                        
              under AS 43.55.160(h)(1)(A) [AS 43.55.160(h)(1)] from                                                         
              the gross value at the point of production of the oil                                                             
              produced from those leases or properties during the                                                               
              month for which the installment payment is calculated,                                                            
              except that, for the purposes of this calculation, a                                                              
              reduction from the gross value at the point of production                                                         
              may apply for oil subject to AS 43.55.160(f) or                                                                   
              43.55.160(f) and (g);                                                                                             
                   (B)  for oil produced before or during the last                                                              
          calendar year under AS 43.55.024(b) for which the producer                                                            
          could take a tax credit under AS 43.55.024(a), from leases or                                                         
          properties in the state outside the Cook Inlet sedimentary                                                            
          basin, no part of which is north of 68 degrees North latitude,                                                        
          other than leases or properties subject to AS 43.55.011(o) or                                                         
          (p), the greater of                                                                                                   
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1247
                        (i)  zero; or                                                                                           
                        (ii)  the sum of 35 percent and the tax rate                                                    
              calculated for the month under AS 43.55.011(g), as                                                            
              applicable, multiplied by the remainder obtained by                                                           
              subtracting 1/12 of the producer's adjusted lease                                                                 
              expenditures for the calendar year of production under                                                            
              AS 43.55.165 and 43.55.170 that are deductible for the oil                                                        
              under AS 43.55.160(h)(1)(B) [AS 43.55.160(h)(2)] from                                                         
              the gross value at the point of production of the oil                                                             
              produced from the leases or properties during the month                                                           
               for which the installment payment is calculated;                                                                
                   (C)  for oil and gas produced from leases or                                                                 
          properties subject to AS 43.55.011(p), except as otherwise                                                            
          provided under (8) of this subsection, the sum of                                                                     
                        (i)  the sum of 35 percent and the tax rate                                                     
              calculated for the month under AS 43.55.011(g), as                                                            
              applicable, multiplied by the remainder obtained by                                                           
              subtracting 1/12 of the producer's adjusted lease                                                                 
              expenditures for the calendar year of production under                                                            
              AS 43.55.165 and 43.55.170 that are deductible for the oil                                                        
              under AS 43.55.160(h)(1)(C) [AS 43.55.160(h)(3)] from                                                         
              the gross value at the point of production of the oil                                                             
              produced from the leases or properties during the month                                                           
              for which the installment payment is calculated, but not                                                          
              less than zero; and                                                                                               
                        (ii)  13 percent of the gross value at the point of                                                     
              production of the gas produced from the leases or                                                                 
              properties during the month, but not less than zero;                                                              
                   (D)  for oil produced from leases or properties in the                                                       
          state, no part of which is north of 68 degrees North latitude,                                                        
          other than leases or properties subject to (B), (C), or (F) of                                                        
          this paragraph, the greater of                                                                                        
                        (i)  zero; or                                                                                           
                        (ii)  the sum of 35 percent and the tax rate                                                    
              calculated for the month under AS 43.55.011(g), as                                                            
              applicable, multiplied by the remainder obtained by                                                           
              subtracting 1/12 of the producer's adjusted lease                                                                 
              expenditures for the calendar year of production under                                                            
              AS 43.55.165 and 43.55.170 that are deductible for the oil                                                        
              under AS 43.55.160(h)(1)(D) [AS 43.55.160(h)(4)] from                                                         

2017-05-15                     Senate Journal                      Page 1248
              the gross value at the point of production of the oil                                                             
              produced from the leases or properties during the month                                                           
               for which the installment payment is calculated;                                                                
                   (E)  for gas produced from each lease or property in                                                         
          the state outside the Cook Inlet sedimentary basin, other than                                                        
          a lease or property subject to AS 43.55.011(o) or (p), 13                                                             
          percent of the gross value at the point of production of the gas                                                      
          produced from the lease or property during the month for                                                              
          which the installment payment is calculated, but not less than                                                        
          zero;                                                                                                                 
                   (F)  for oil subject to AS 43.55.011(k), for each lease                                                      
          or property, the greater of                                                                                           
                        (i)  zero; or                                                                                           
                        (ii)  the sum of 35 percent and the tax rate                                                    
              calculated for the month under AS 43.55.011(g), as                                                            
              applicable, multiplied by the remainder obtained by                                                           
              subtracting 1/12 of the producer's adjusted lease                                                                 
              expenditures for the calendar year of production under                                                            
              AS 43.55.165 and 43.55.170 that are deductible under                                                              
              AS 43.55.160 for the oil produced from the lease or                                                               
              property from the gross value at the point of production                                                          
              of the oil produced from the lease or property during the                                                         
              month for which the installment payment is calculated;                                                            
                   (G)  for gas subject to AS 43.55.011(j) or (o), for                                                          
          each lease or property, the greater of                                                                                
                        (i)  zero; or                                                                                           
                        (ii)  13 percent of the gross value at the point of                                                     
              production of the gas produced from the lease or property                                                         
              during the month for which the installment payment is                                                             
              calculated;                                                                                                       
              (8)  an amount calculated under (7)(C) of this subsection                                                         
     may not exceed four percent of the gross value at the point of                                                             
     production of the oil and gas produced from leases or properties                                                           
     subject to AS 43.55.011(p) during the month for which the                                                                  
     installment payment is calculated;                                                                                         
              (9)  for purposes of the calculation under (1)(B)(ii),                                                            
     (5)(B)(ii), and (7)(A)(ii) of this subsection, the applicable                                                              
     percentage  of  the  gross  value  at   the   point   of   production  is                                                  
                                                                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1249
     determined under AS 43.55.011(f)(1) or (2) but substituting the                                                            
     phrase "month for which the installment payment is calculated" in                                                          
     AS 43.55.011(f)(1) and (2) for the phrase "calendar year for which                                                         
     the tax is due";                                                                                                           
              (10)  an amount calculated under (7)(F) or (G) of this                                                            
     subsection for oil or gas subject to AS 43.55.011(j), (k), or (o)                                                          
     may not exceed the product obtained by carrying out the                                                                    
     calculation set out in AS 43.55.011(j)(1) or (2) or 43.55.011(o), as                                                       
     applicable, for gas, or set out in AS 43.55.011(k) for oil, but                                                            
     substituting in AS 43.55.011(j)(1)(A) or (2)(A) or 43.55.011(o), as                                                        
     applicable, the amount of taxable gas produced during the month                                                            
     for the amount of taxable gas produced during the calendar year                                                            
     and substituting in AS 43.55.011(k) the amount of taxable oil                                                              
     produced during the month for the amount of taxable oil produced                                                           
     during the calendar year.                                                                                                  
   * Sec. 8. AS 43.55.020(k) is amended to read:                                                                              
          (k)  For oil and gas produced on and after January 1, 2014,                                                           
     and before January 1, 2022, in making settlement with the royalty                                                          
     owner for oil and gas that is taxable under AS 43.55.011, the                                                              
     producer may deduct the amount of the tax paid on taxable royalty                                                          
     oil and gas, or may deduct taxable royalty oil or gas equivalent in                                                        
     value at the time the tax becomes due to the amount of the tax                                                             
     paid. If the total deductions of installment payments of estimated                                                         
     tax for a calendar year exceed the actual tax for that calendar year,                                                      
     the producer shall, before April 1 of the following year, refund the                                                       
     excess to the royalty owner. Unless otherwise agreed between the                                                           
     producer and the royalty owner, the amount of the tax paid under                                                           
     AS 43.55.011(e) on taxable royalty oil and gas for a calendar year,                                                        
     other than oil and gas the ownership or right to which constitutes a                                                       
     landowner's royalty interest, is considered to be the gross value at                                                       
     the point of production of the taxable royalty oil and gas produced                                                        
     during the calendar year multiplied by a figure that is a quotient,                                                        
     in which                                                                                                                   
              (1)  the numerator is the producer's total tax liability                                                          
     under AS 43.55.011(e) [AS 43.55.011(e)(2)] for the calendar year                                                       
     of production; and                                                                                                         
              (2)  the denominator is the total gross value at the point of                                                     
     production of the oil and gas taxable under AS 43.55.011(e)                                                                
     produced by the producer from all leases and properties in the                                                             
     state during the calendar year.                                                                                            

2017-05-15                     Senate Journal                      Page 1250
   * Sec. 9. AS 43.55.020(l) is amended to read:                                                                              
          (l)  For oil and gas produced on and after January 1, 2022, in                                                        
     making settlement with the royalty owner for oil and gas that is                                                           
     taxable under AS 43.55.011, the producer may deduct the amount                                                             
     of the tax paid on taxable royalty oil and gas, or may deduct                                                              
     taxable royalty oil or gas equivalent in value at the time the tax                                                         
     becomes due to the amount of the tax paid. If the total deductions                                                         
     of installment payments of estimated tax for a calendar year                                                               
     exceed the actual tax for that calendar year, the producer shall,                                                          
     before April 1 of the following year, refund the excess to the                                                             
     royalty owner. In making settlement with the royalty owner for                                                             
     gas that is taxable under AS 43.55.014, the producer may deduct                                                            
     the amount of the gas paid as in-kind tax on taxable royalty gas or                                                        
     may deduct the gross value at the point of production of the gas                                                           
     paid as in-kind tax on taxable royalty gas. Unless otherwise agreed                                                        
     between the producer and the royalty owner, the amount of the tax                                                          
     paid under AS 43.55.011(e) on taxable royalty oil for a calendar                                                           
     year, other than oil the ownership or right to which constitutes a                                                         
     landowner's royalty interest, is considered to be the gross value at                                                       
     the point of production of the taxable royalty oil produced during                                                         
     the calendar year multiplied by a figure that is a quotient, in which                                                      
              (1)  the numerator is the producer's total tax liability                                                          
     under AS 43.55.011(e)(4)(A) [AS 43.55.011(e)(3)(A)] for the                                                            
     calendar year of production; and                                                                                           
              (2)  the denominator is the total gross value at the point of                                                     
     production of the oil taxable under AS 43.55.011(e) produced by                                                            
     the producer from all leases and properties in the state during the                                                        
     calendar year."                                                                                                            
                                                                                                                                
Renumber the following bill sections accordingly.                                                                               
                                                                                                                                
Page 4, line 20:                                                                                                                
     Delete "sec. 5"                                                                                                            
     Insert "sec. 11"                                                                                                           
                                                                                                                                
Page 7, line 8:                                                                                                                 
     Delete "sec. 9"                                                                                                            
     Insert "sec. 15"                                                                                                           
                                                                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1251
Page 14, line 26:                                                                                                               
     Delete "sec. 19"                                                                                                           
     Insert "sec. 25"                                                                                                           
                                                                                                                                
Page 16, following line 3:                                                                                                      
     Insert a new bill section to read:                                                                                         
"* Sec. 28. AS 43.55.160(a) is amended to read:                                                                               
          (a)  For oil and gas produced before January 1, 2022, except                                                          
    as provided in (b), (f), and (g) of this section, for the purposes of                                                      
              (1)  AS 43.55.011(e)(1) - (3) [AS 43.55.011(e)(1) AND                                                         
     (2)], the annual production tax value of taxable oil, gas, or oil and                                                      
     gas produced during a calendar year in a category for which a                                                              
     separate annual production tax value is required to be calculated                                                          
     under this paragraph is the gross value at the point of production                                                         
     of that oil, gas, or oil and gas taxable under AS 43.55.011(e), less                                                       
     the producer's lease expenditures under AS 43.55.165 for the                                                               
     calendar year applicable to the oil, gas, or oil and gas in that                                                           
     category produced by the producer during the calendar year, as                                                             
     adjusted under AS 43.55.170; a separate annual production tax                                                              
     value shall be calculated for                                                                                              
                   (A)  oil and gas produced from leases or properties in                                                       
          the state that include land north of 68 degrees North latitude,                                                       
          other than gas produced before 2022 and used in the state;                                                            
                   (B)  oil and gas produced from leases or properties in                                                       
          the state outside the Cook Inlet sedimentary basin, no part of                                                        
          which is north of 68 degrees North latitude and that qualifies                                                        
          for a tax credit under AS 43.55.024(a) and (b); this                                                                  
          subparagraph does not apply to                                                                                        
                        (i)  gas produced before 2022 and used in the                                                           
              state; or                                                                                                         
                        (ii)  oil and gas subject to AS 43.55.011(p);                                                           
                   (C)  oil produced before 2022 from each lease or                                                             
          property in the Cook Inlet sedimentary basin;                                                                         
                   (D)  gas produced before 2022 from each lease or                                                             
          property in the Cook Inlet sedimentary basin;                                                                         
                   (E)  gas produced before 2022 from each lease or                                                             
          property in the state outside the Cook Inlet sedimentary basin                                                        
          and used in the state, other than gas subject to                                                                      
          AS 43.55.011(p);                                                                                                      
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1252
                   (F)  oil and gas subject to AS 43.55.011(p) produced                                                         
          from leases or properties in the state;                                                                               
                   (G)  oil and gas produced from leases or properties in                                                       
          the state no part of which is north of 68 degrees North                                                               
          latitude, other than oil or gas described in (B), (C), (D), (E), or                                                   
          (F) of this paragraph;                                                                                                
              (2)  AS 43.55.011(g), for oil and gas produced before                                                             
     January 1, 2014, or on or after January 1, 2018, the monthly                                                           
     production tax value of the taxable                                                                                        
                   (A)  oil and gas produced during a month from leases                                                         
          or properties in the state that include land north of 68 degrees                                                      
          North latitude is the gross value at the point of production of                                                       
          the oil and gas taxable under AS 43.55.011(e) and produced                                                            
          by the producer from those leases or properties, less 1/12 of                                                         
          the producer's lease expenditures under AS 43.55.165 for the                                                          
          calendar year applicable to the oil and gas produced by the                                                           
          producer from those leases or properties, as adjusted under                                                           
          AS 43.55.170; this subparagraph does not apply to gas subject                                                         
          to AS 43.55.011(o);                                                                                                   
                   (B)  oil and gas produced during a month from leases                                                         
          or properties in the state outside the Cook Inlet sedimentary                                                         
          basin, no part of which is north of 68 degrees North latitude,                                                        
          is the gross value at the point of production of the oil and gas                                                      
          taxable under AS 43.55.011(e) and produced by the producer                                                            
          from those leases or properties, less 1/12 of the producer's                                                          
          lease expenditures under AS 43.55.165 for the calendar year                                                           
          applicable to the oil and gas produced by the producer from                                                           
          those leases or properties, as adjusted under AS 43.55.170;                                                           
          this subparagraph does not apply to gas subject to                                                                    
          AS 43.55.011(o);                                                                                                      
                   (C)  oil produced during a month from a lease or                                                             
          property in the Cook Inlet sedimentary basin is the gross                                                             
          value at the point of production of the oil taxable under                                                             
          AS 43.55.011(e) and produced by the producer from that lease                                                          
          or property, less 1/12 of the producer's lease expenditures                                                           
          under AS 43.55.165 for the calendar year applicable to the oil                                                        
          produced by the producer from that lease or property, as                                                              
          adjusted under AS 43.55.170;                                                                                          
                                                                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1253
                   (D)  gas produced during a month from a lease or                                                             
          property in the Cook Inlet sedimentary basin is the gross                                                             
          value at the point of production of the gas taxable under                                                             
          AS 43.55.011(e) and produced by the producer from that lease                                                          
          or property, less 1/12 of the producer's lease expenditures                                                           
          under AS 43.55.165 for the calendar year applicable to the gas                                                        
          produced by the producer from that lease or property, as                                                              
          adjusted under AS 43.55.170;                                                                                          
                   (E)  gas produced during a month from a lease or                                                             
          property outside the Cook Inlet sedimentary basin and used in                                                         
          the state is the gross value at the point of production of that                                                       
          gas taxable under AS 43.55.011(e) and produced by the                                                                 
          producer from that lease or property, less 1/12 of the                                                                
          producer's lease expenditures under AS 43.55.165 for the                                                              
          calendar year applicable to that gas produced by the producer                                                         
          from that lease or property, as adjusted under AS 43.55.170."                                                         
                                                                                                                                
Renumber the following bill sections accordingly.                                                                               
                                                                                                                                
Page 16, line 31:                                                                                                               
     Delete "(h)(3)"                                                                                                        
     Insert "(h)(1)(C)"                                                                                                     
                                                                                                                                
Page 17, following line 11:                                                                                                     
     Insert a new bill section to read:                                                                                         
"* Sec. 31. AS 43.55.160(h) is amended to read:                                                                               
          (h)  For oil produced on and after January 1, 2022, except as                                                         
      provided in (b), (f), and (g) of this section, for the purposes of                                                       
              (1)  AS 43.55.011(e)(4) [AS 43.55.011(e)(3)], the annual                                                      
     production tax value of oil taxable under AS 43.55.011(e)                                                                  
     produced by a producer during a calendar year                                                                              
                   (A) [(1)]  from leases or properties in the state that                                                   
          include land north of 68 degrees North latitude is the gross                                                          
          value at the point of production of that oil, less the producer's                                                     
          lease expenditures under AS 43.55.165 for the calendar year                                                           
          incurred to explore for, develop, or produce oil and gas                                                              
          deposits located in the state north of 68 degrees North latitude                                                      
          or located in leases or properties in the state that include land                                                     
          north of 68 degrees North latitude, as adjusted under                                                                 
          AS 43.55.170;                                                                                                         

2017-05-15                     Senate Journal                      Page 1254
                   (B) [(2)]  before or during the last calendar year                                                       
          under AS 43.55.024(b) for which the producer could take a                                                             
          tax credit under AS 43.55.024(a), from leases or properties in                                                        
          the state outside the Cook Inlet sedimentary basin, no part of                                                        
          which is north of 68 degrees North latitude, other than leases                                                        
          or properties subject to AS 43.55.011(p), is the gross value at                                                       
          the point of production of that oil, less the producer's lease                                                        
          expenditures under AS 43.55.165 for the calendar year                                                                 
          incurred to explore for, develop, or produce oil and gas                                                              
          deposits located in the state outside the Cook Inlet                                                                  
          sedimentary basin and south of 68 degrees North latitude,                                                             
          other than oil and gas deposits located in a lease or property                                                        
          that includes land north of 68 degrees North latitude or that is                                                      
          subject to AS 43.55.011(p) or, before January 1, 2027, from                                                           
          which commercial production has not begun, as adjusted                                                                
          under AS 43.55.170;                                                                                                   
                   (C) [(3)]  from leases or properties subject to                                                          
          AS 43.55.011(p) is the gross value at the point of production                                                         
          of that oil, less the producer's lease expenditures under                                                             
          AS 43.55.165 for the calendar year incurred to explore for,                                                           
          develop, or produce oil and gas deposits located in leases or                                                         
          properties subject to AS 43.55.011(p) or, before January 1,                                                           
          2027, located in leases or properties in the state outside the                                                        
          Cook Inlet sedimentary basin, no part of which is north of 68                                                         
          degrees North latitude from which commercial production has                                                           
          not begun, as adjusted under AS 43.55.170;                                                                            
                   (D) [(4)]  from leases or properties in the state no part                                                
          of which is north of 68 degrees North latitude, other than                                                            
          leases or properties subject to (B) or (C) of this paragraph                                                      
          [(2) OR (3) OF THIS SUBSECTION], is the gross value at                                                                
          the point of production of that oil less the producer's lease                                                         
          expenditures under AS 43.55.165 for the calendar year                                                                 
          incurred to explore for, develop, or produce oil and gas                                                              
          deposits located in the state south of 68 degrees North                                                               
          latitude, other than oil and gas deposits located in a lease or                                                       
          property in the state that includes land north of 68 degrees                                                          
          North latitude, and excluding lease expenditures that are                                                             
          deductible under (B) or (C) of this paragraph [(2) OR (3)                                                         
          OF THIS SUBSECTION] or would be deductible under (B)                                                              
          or (C) of this paragraph [(2) OR (3) OF THIS                                                                      

2017-05-15                     Senate Journal                      Page 1255
          SUBSECTION] if not prohibited by (b) of this section, as                                                              
          adjusted under AS 43.55.170; a separate annual production                                                             
          tax value shall be calculated for                                                                                     
                        (i) [(A)]  oil produced from each lease or                                                          
                property in the Cook Inlet sedimentary basin;                                                                  
                        (ii) [(B)]  oil produced from each lease or                                                         
              property outside the Cook Inlet sedimentary basin, no part                                                        
              of which is north of 68 degrees North latitude, other than                                                        
              leases or properties subject to (C) of this paragraph;                                                        
              (2)  AS 43.55.011(g)(3), the monthly production tax                                                           
     value of oil taxable under AS 43.55.011(e) produced by a                                                               
     producer during a month                                                                                                
                   (A)  from leases or properties in the state that                                                         
          include land north of 68 degrees North latitude is the gross                                                      
          value at the point of production of that oil, less 1/12 the                                                       
          producer's lease expenditures under AS 43.55.165 for the                                                          
          calendar year incurred to explore for, develop, or produce                                                        
          oil and gas deposits located in the state north of 68 degrees                                                     
          North latitude or located in leases or properties in the                                                          
          state that include land north of 68 degrees North latitude,                                                       
          as adjusted under AS 43.55.170;                                                                                   
                   (B)  in a calendar year that is before or during the                                                     
          last calendar year under AS 43.55.024(b) for which the                                                            
          producer could take a tax credit under AS 43.55.024(a),                                                           
          from leases or properties in the state outside the Cook                                                           
          Inlet sedimentary basin, no part of which is north of 68                                                          
          degrees North latitude, other than leases or properties                                                           
          subject to AS 43.55.011(p), is the gross value at the point                                                       
          of production of that oil, less 1/12 the producer's lease                                                         
          expenditures under AS 43.55.165 for the calendar year                                                             
          incurred to explore for, develop, or produce oil and gas                                                          
          deposits located in the state outside the Cook Inlet                                                              
          sedimentary basin and south of 68 degrees North latitude,                                                         
          other than oil and gas deposits located in a lease or                                                             
          property that includes land north of 68 degrees North                                                             
          latitude or that is subject to AS 43.55.011(p) or, before                                                         
          January 1, 2027, from which commercial production has                                                             
          not begun, as adjusted under AS 43.55.170;                                                                        
                                                                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1256
                   (C)  from leases or properties subject to                                                                
          AS 43.55.011(p) is the gross value at the point of                                                                
          production of that oil, less 1/12 the producer's lease                                                            
          expenditures under AS 43.55.165 for the calendar year                                                             
          incurred to explore for, develop, or produce oil and gas                                                          
          deposits located in leases or properties subject to                                                               
          AS 43.55.011(p) or, before January 1, 2027, located in                                                            
          leases or properties in the state outside the Cook Inlet                                                          
          sedimentary basin, no part of which is north of 68 degrees                                                        
          North latitude from which commercial production has not                                                           
          begun, as adjusted under AS 43.55.170;                                                                            
                   (D)  from leases or properties in the state no part                                                      
          of which is north of 68 degrees North latitude, other than                                                        
          leases or properties subject to (B) or (C) of this paragraph,                                                     
          is the gross value at the point of production of that oil less                                                    
          1/12 the producer's lease expenditures under AS 43.55.165                                                         
          for the calendar year incurred to explore for, develop, or                                                        
          produce oil and gas deposits located in the state south of                                                        
          68 degrees North latitude, other than oil and gas deposits                                                        
          located in a lease or property in the state that includes                                                         
          land north of 68 degrees North latitude, and excluding                                                            
          lease expenditures that are deductible under (B) or (C) of                                                        
          this paragraph or would be deductible under (B) or (C) of                                                         
          this paragraph if not prohibited by (b) of this section, as                                                       
          adjusted under AS 43.55.170; a separate monthly                                                                   
          production tax value shall be calculated for                                                                      
                        (i)  oil produced from each lease or property                                                       
              in the Cook Inlet sedimentary basin;                                                                          
                        (ii)  oil produced from each lease or property                                                      
              outside the Cook Inlet sedimentary basin, no part of                                                          
              which is north of 68 degrees North latitude, other than                                                       
              leases or properties subject to (C) of this paragraph                                                         
              [(3) OF THIS SUBSECTION]."                                                                                        
                                                                                                                                
Renumber the following bill sections accordingly.                                                                               
                                                                                                                                
Page 19, line 18:                                                                                                               
     Delete "secs. 9, 12, and 15"                                                                                               
     Insert "secs. 15, 18, and 21"                                                                                              
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1257
Page 19, line 23:                                                                                                               
     Delete "sec. 4"                                                                                                            
     Insert "sec. 10"                                                                                                           
     Delete "sec. 7"                                                                                                            
     Insert "sec. 13"                                                                                                           
                                                                                                                                
Page 19, line 24:                                                                                                               
     Delete "sec. 14"                                                                                                           
     Insert "sec. 20"                                                                                                           
                                                                                                                                
Page 19, line 31:                                                                                                               
     Delete "secs. 24 and 27"                                                                                                   
     Insert "secs. 32 and 35"                                                                                                   
                                                                                                                                
Page 20, line 1:                                                                                                                
     Delete "secs. 24 and 27"                                                                                                   
     Insert "secs. 32 and 35"                                                                                                   
                                                                                                                                
Page 20, line 11:                                                                                                               
     Delete "sec. 30"                                                                                                           
     Insert "sec. 38"                                                                                                           
                                                                                                                                
Page 20, line 12:                                                                                                               
     Delete "sec. 30"                                                                                                           
     Insert "sec. 38"                                                                                                           
                                                                                                                                
Page 20, line 14:                                                                                                               
     Delete "sec. 30"                                                                                                           
     Insert "sec. 38"                                                                                                           
                                                                                                                                
Page 20, following line 14:                                                                                                     
     Insert a new bill section to read:                                                                                         
"* Sec. 44. The uncodified law of the State of Alaska is amended by                                                           
adding a new section to read:                                                                                                   
     TRANSITION: PAYMENT OF TAX; FILING. (a)                                                                                    
Notwithstanding the amendments to AS 43.55.020 by secs. 7 - 9 of                                                                
this Act,                                                                                                                       
          (1)  a person subject to tax under AS 43.55 that is required to                                                       
make one or more installment payments of estimated tax or other                                                                 
payments of tax under AS 43.55.020 for production before the                                                                    

2017-05-15                     Senate Journal                      Page 1258
effective date of secs. 7 - 9 of this Act shall pay the tax under                                                               
AS 43.55.020, as that section read on the day before the effective date                                                         
of secs. 7 - 9 of this Act;                                                                                                     
          (2)  an unpaid amount of an installment payment required                                                              
under AS 43.55.020 for production before the effective date of secs. 7                                                          
- 9 of this Act that is not paid when due bears interest under                                                                  
AS 43.55.020, as that section read on the day before the effective date                                                         
of secs. 7 - 9 of this Act;                                                                                                     
          (3)  an overpayment of an installment payment required under                                                          
AS 43.55.020 for production before the effective date of secs. 7 - 9 of                                                         
this Act bears interest under AS 43.55.020, as that section read on the                                                         
day before the effective date of secs. 7 - 9 of this Act.                                                                       
     (b)  The Department of Revenue may continue to apply and                                                                   
enforce AS 43.55.020, as that section read on the day before the                                                                
effective date of secs. 7 - 9 of this Act, for a tax or installment                                                             
payment for production before the effective date of secs. 7 - 9 of this                                                         
Act."                                                                                                                           
                                                                                                                                
Renumber the following bill sections accordingly.                                                                               
                                                                                                                                
Page 20, line 18:                                                                                                               
     Delete "sec. 29"                                                                                                           
     Insert "sec. 37"                                                                                                           
                                                                                                                                
Page 20, line 19:                                                                                                               
     Delete "secs. 22, 23, 25, and 28"                                                                                          
     Insert "secs. 29, 30, 33, and 36"                                                                                          
                                                                                                                                
Page 20, line 20:                                                                                                               
     Delete "sec. 29"                                                                                                           
     Insert "sec. 37"                                                                                                           
                                                                                                                                
Page 20, line 24:                                                                                                               
     Delete "sec. 29"                                                                                                           
     Insert "sec. 37"                                                                                                           
                                                                                                                                
Page 20, line 26:                                                                                                               
     Delete "sec. 29"                                                                                                           
     Insert "sec. 37"                                                                                                           
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1259
Page 20, line 27:                                                                                                               
     Delete "sec. 29"                                                                                                           
     Insert "sec. 37"                                                                                                           
                                                                                                                                
Page 21, lines 1 - 2:                                                                                                           
     Delete "sec. 30"                                                                                                           
     Insert "sec. 38"                                                                                                           
                                                                                                                                
Page 21, line 12:                                                                                                               
     Delete "Sections 3, 6, 8, 30, 35, and 37"                                                                                  
     Insert "Sections 3, 12, 14, 38, 43, and 46"                                                                                
                                                                                                                                
Page 21, line 27:                                                                                                               
      Delete "Sections 2, 4, 7, 9, 12 - 15, 17, 19, 31, 32, 38, and 39"                                                        
     Insert "Sections 2, 10, 13, 15, 18 - 21, 23, 25, 39, 40, 47, and 48"                                                      
                                                                                                                                
Page 21, line 29:                                                                                                               
     Delete "Section 24"                                                                                                        
     Insert "Section 32"                                                                                                        
                                                                                                                                
Page 21, line 31:                                                                                                               
     Delete "sec. 39"                                                                                                           
     Insert "sec. 48"                                                                                                           
     Delete "secs. 3, 6, 8, 30, 35, and 37"                                                                                     
     Insert "secs. 3, 12, 14, 38, 43, and 46"                                                                                   
                                                                                                                                
Page 22, line 3:                                                                                                                
     Delete "sec. 39"                                                                                                           
     Insert "sec. 48"                                                                                                           
                                                                                                                                
Page 22, line 5:                                                                                                                
     Delete "secs. 40 - 42"                                                                                                     
     Insert "secs. 49 - 51"                                                                                                     
                                                                                                                                
Senator Wielechowski moved for the adoption of Amendment No. 2.                                                                 
Senator MacKinnon objected.                                                                                                     
                                                                                                                                
The question being: "Shall Amendment No. 2 be adopted?" The roll                                                                
was taken with the following result:                                                                                            
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1260
SCS CSHB 111(FIN)                                                                                                               
Second Reading                                                                                                                  
Amendment No. 2?                                                                                                                
                                                                                                                                
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. 2 failed.                                                                                                 
                                                                                                                                
Senator Wielechowski offered Amendment No. 3:                                                                                   
                                                                                                                                
Page 1, line 4, following "certificates;":                                                                                    
     Insert "relating to information concerning lease expenditures; "                                                         
                                                                                                                                
Page 16, following line 3:                                                                                                      
     Insert new bill sections to read:                                                                                          
"* Sec. 22. AS 43.55.030(a) is amended to read:                                                                               
          (a)  A producer that produces oil or gas from a lease or                                                              
     property in the state during a calendar year, whether or not any tax                                                       
     payment is due under AS 43.55.020(a) for that oil or gas, shall file                                                       
     with the department on March 31 of the following year a                                                                    
     statement, under oath, in a form prescribed by the department,                                                             
     giving, with other information required under a regulation                                                             
     adopted by the department, the following:                                                                              
              (1)  a description of each lease or property from which oil                                                       
     or gas was produced, by name, legal description, lease number, or                                                          
     accounting codes assigned by the department;                                                                               
              (2)  the names of the producer and, if different, the person                                                      
     paying the tax, if any;                                                                                                    
              (3)  the gross amount of oil and the gross amount of gas                                                          
     produced from each lease or property, separately identifying the                                                           
     gross amount of gas produced from each oil and gas lease to                                                                
     which an effective election under AS 43.55.014(a) applies, the                                                             
     amount of gas delivered to the state under AS 43.55.014(b), and                                                            
     the percentage of the gross amount of oil and gas owned by the                                                             
     producer;                                                                                                                  

2017-05-15                     Senate Journal                      Page 1261
              (4)  the gross value at the point of production of the oil                                                        
     and of the gas produced from each lease or property owned by the                                                           
     producer and the costs of transportation of the oil and gas;                                                               
              (5)  the name of the first purchaser and the price received                                                       
     for the oil and for the gas, unless relieved from this requirement in                                                      
     whole or in part by the department;                                                                                        
              (6)  the producer's qualified capital expenditures, as                                                            
     defined in AS 43.55.023, other lease expenditures under                                                                    
     AS 43.55.165, and adjustments or other payments or credits under                                                           
     AS 43.55.170;                                                                                                              
              (7)  the production tax values of the oil and gas under                                                           
     AS 43.55.160(a) or of the oil under AS 43.55.160(h), as                                                                    
     applicable;                                                                                                                
              (8)  any claims for tax credits to be applied; [AND]                                                              
              (9)  calculations showing the amounts, if any, that were or                                                       
     are due under AS 43.55.020(a) and interest on any underpayment                                                             
     or overpayment; and                                                                                                    
              (10)  for each expenditure that is the basis of a lease                                                       
     expenditure carried forward under AS 43.55.165(a)(3), the                                                              
          lease or property for which the expenditure was incurred.                                                        
   * Sec. 23. AS 43.55.030(e) is amended to read:                                                                             
          (e)  An explorer or producer that incurs a lease expenditure                                                          
     under AS 43.55.165 or receives a payment or credit under                                                                   
     AS 43.55.170 during a calendar year but does not produce oil or                                                            
     gas from a lease or property in the state during the calendar year                                                         
     shall file with the department, on March 31 of the following year,                                                         
     a statement, under oath, in a form prescribed by the department,                                                           
     giving, with other information required under a regulation                                                             
     adopted by the department, the following:                                                                              
              (1)  the explorer's or producer's qualified capital                                                               
     expenditures, as defined in AS 43.55.023, other lease expenditures                                                         
     under AS 43.55.165, and adjustments or other payments or credits                                                           
     under AS 43.55.170; [AND]                                                                                                  
              (2)  if the explorer or producer receives a payment or                                                            
     credit under AS 43.55.170, calculations showing whether the                                                                
     explorer or producer is liable for a tax under AS 43.55.160(d) or                                                          
     43.55.170(b) and, if so, the amount; and                                                                               
              (3)  for each expenditure that is the basis of a lease                                                        
     expenditure carried forward under AS 43.55.165(a)(3), the                                                              
          lease or property for which the expenditure was incurred."                                                       

2017-05-15                     Senate Journal                      Page 1262
Renumber the following bill sections accordingly.                                                                               
                                                                                                                                
Page 18, line 5:                                                                                                                
     Delete "(m) and (n)"                                                                                                   
     Insert "(m) - (o)"                                                                                                     
                                                                                                                                
Page 19, following line 5:                                                                                                      
     Insert a new subsection to read:                                                                                           
          "(o)  A carried-forward annual loss may not reduce a                                                                  
     taxpayer's gross value at the point of production by an amount that                                                        
     exceeds the gross value at the point of production of the oil and                                                          
     gas produced from the lease or property where the carried-forward                                                          
     annual loss was incurred during the calendar year the carried-                                                             
     forward annual loss is applied."                                                                                           
                                                                                                                                
Page 19, lines 30 - 31:                                                                                                         
     Delete "43.55.165(m) and (n)"                                                                                              
     Insert "43.55.165(m) - (o)"                                                                                                
                                                                                                                                
Page 19, line 31:                                                                                                               
     Delete "secs. 24 and 27"                                                                                                   
     Insert "secs. 26 and 29"                                                                                                   
                                                                                                                                
Page 20, line 1:                                                                                                                
     Delete "secs. 24 and 27"                                                                                                   
     Insert "secs. 26 and 29"                                                                                                   
                                                                                                                                
Page 20, line 11:                                                                                                               
     Delete "sec. 30"                                                                                                           
     Insert "sec. 32"                                                                                                           
                                                                                                                                
Page 20, line 12:                                                                                                               
     Delete "sec. 30"                                                                                                           
     Insert "sec. 32"                                                                                                           
                                                                                                                                
Page 20, line 14:                                                                                                               
     Delete "sec. 30"                                                                                                           
     Insert "sec. 32"                                                                                                           
                                                                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1263
Page 20, line 18:                                                                                                               
     Delete "sec. 29"                                                                                                           
     Insert "sec. 31"                                                                                                           
                                                                                                                                
Page 20, line 19:                                                                                                               
     Delete "secs. 22, 23, 25, and 28"                                                                                          
     Insert "secs. 24, 25, 27, and 30"                                                                                          
                                                                                                                                
Page 20, line 20:                                                                                                               
     Delete "sec. 29"                                                                                                           
     Insert "sec. 31"                                                                                                           
                                                                                                                                
Page 20, line 24:                                                                                                               
     Delete "sec. 29"                                                                                                           
     Insert "sec. 31"                                                                                                           
                                                                                                                                
Page 20, line 26:                                                                                                               
     Delete "sec. 29"                                                                                                           
     Insert "sec. 31"                                                                                                           
                                                                                                                                
Page 20, line 27:                                                                                                               
     Delete "sec. 29"                                                                                                           
     Insert "sec. 31"                                                                                                           
                                                                                                                                
Page 21, lines 1 - 2:                                                                                                           
     Delete "sec. 30"                                                                                                           
     Insert "sec. 32"                                                                                                           
                                                                                                                                
Page 21, line 12:                                                                                                               
     Delete "30, 35, and 37"                                                                                                    
     Insert "32, 37, and 39"                                                                                                    
                                                                                                                                
Page 21, line 27:                                                                                                               
     Delete "31, 32, 38, and 39"                                                                                                
     Insert "33, 34, 40, and 41"                                                                                                
                                                                                                                                
Page 21, line 29:                                                                                                               
     Delete "Section 24"                                                                                                        
     Insert "Section 26"                                                                                                        
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1264
Page 21, line 31:                                                                                                               
     Delete "sec. 39"                                                                                                           
     Insert "sec. 41"                                                                                                           
     Delete "30, 35, and 37"                                                                                                    
     Insert "32, 37, and 39"                                                                                                    
                                                                                                                                
Page 22, line 3:                                                                                                                
     Delete "sec. 39"                                                                                                           
     Insert "sec. 41"                                                                                                           
                                                                                                                                
Page 22, line 5:                                                                                                                
     Delete "40 - 42"                                                                                                           
     Insert "42 - 44"                                                                                                           
                                                                                                                                
Senator Wielechowski moved for the adoption of Amendment No. 3.                                                                 
Senator MacKinnon objected.                                                                                                     
                                                                                                                                
The question being: "Shall Amendment No. 3 be adopted?" The roll                                                                
was taken with the following result:                                                                                            
                                                                                                                                
SCS CSHB 111(FIN)                                                                                                               
Second Reading                                                                                                                  
Amendment No. 3?                                                                                                                
                                                                                                                                
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. 3 failed.                                                                                                 
                                                                                                                                
Senator Wielechowski offered Amendment No. 4:                                                                                   
                                                                                                                                
Page 1, line 6, following "fund;":                                                                                            
     Insert "relating to an adjustment in the gross value at the point                                                        
of production;"                                                                                                               
                                                                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1265
Page 1, following line 7:                                                                                                       
     Insert a new bill section to read:                                                                                         
   "* Section 1. AS 31.05.030(n) is amended to read:                                                                          
          (n)  Upon request of the commissioner of revenue, the                                                                 
     commission shall determine the commencement of regular                                                                     
     production from a lease or property for purposes of                                                                        
     AS 43.55.160(f) [AND (g)]."                                                                                                
                                                                                                                                
Page 1, line 8:                                                                                                                 
     Delete "Section 1"                                                                                                       
     Insert "Sec. 2"                                                                                                          
                                                                                                                                
Renumber the following bill sections accordingly.                                                                               
                                                                                                                                
Page 3, following line 18:                                                                                                      
     Insert a new bill section to read:                                                                                         
"* Sec. 5. AS 43.55.020(a) is amended to read:                                                                                
          (a)  For a calendar year, a producer subject to tax under                                                             
     AS 43.55.011 shall pay the tax as follows:                                                                                 
              (1)  for oil and gas produced before January 1, 2014, an                                                          
     installment payment of the estimated tax levied by                                                                         
     AS 43.55.011(e), net of any tax credits applied as allowed by law,                                                         
     is due for each month of the calendar year on the last day of the                                                          
     following month; except as otherwise provided under (2) of this                                                            
     subsection, the amount of the installment payment is the sum of                                                            
     the following amounts, less 1/12 of the tax credits that are allowed                                                       
     by law to be applied against the tax levied by AS 43.55.011(e) for                                                         
     the calendar year, but the amount of the installment payment may                                                           
     not be less than zero:                                                                                                     
                   (A)  for oil and gas not subject to AS 43.55.011(o) or                                                       
          (p) produced from leases or properties in the state outside the                                                       
          Cook Inlet sedimentary basin, other than leases or properties                                                         
          subject to AS 43.55.011(f), the greater of                                                                            
                        (i)  zero; or                                                                                           
                        (ii)  the sum of 25 percent and the tax rate                                                            
              calculated for the month under AS 43.55.011(g)                                                                    
              multiplied by the remainder obtained by subtracting 1/12                                                          
              of the producer's adjusted lease expenditures for the                                                             
              calendar year of production under AS 43.55.165 and                                                                
              43.55.170 that are deductible for the oil and gas under                                                           

2017-05-15                     Senate Journal                      Page 1266
              AS 43.55.160 from the gross value at the point of                                                                 
              production of the oil and gas produced from the leases or                                                         
              properties during the month for which the installment                                                             
              payment is calculated;                                                                                            
                   (B)  for oil and gas produced from leases or                                                                 
          properties subject to AS 43.55.011(f), the greatest of                                                                
                        (i)  zero;                                                                                              
                        (ii)  zero percent, one percent, two percent, three                                                     
              percent, or four percent, as applicable, of the gross value                                                       
              at the point of production of the oil and gas produced                                                            
              from the leases or properties during the month for which                                                          
              the installment payment is calculated; or                                                                         
                        (iii)  the sum of 25 percent and the tax rate                                                           
              calculated for the month under AS 43.55.011(g)                                                                    
              multiplied by the remainder obtained by subtracting 1/12                                                          
              of the producer's adjusted lease expenditures for the                                                             
              calendar year of production under AS 43.55.165 and                                                                
              43.55.170 that are deductible for the oil and gas under                                                           
              AS 43.55.160 from the gross value at the point of                                                                 
              production of the oil and gas produced from those leases                                                          
              or properties during the month for which the installment                                                          
              payment is calculated;                                                                                            
                   (C)  for oil or gas subject to AS 43.55.011(j), (k), or                                                      
          (o), for each lease or property, the greater of                                                                       
                        (i)  zero; or                                                                                           
                        (ii)  the sum of 25 percent and the tax rate                                                            
              calculated for the month under AS 43.55.011(g)                                                                    
              multiplied by the remainder obtained by subtracting 1/12                                                          
              of the producer's adjusted lease expenditures for the                                                             
              calendar year of production under AS 43.55.165 and                                                                
              43.55.170 that are deductible under AS 43.55.160 for the                                                          
              oil or gas, respectively, produced from the lease or                                                              
              property from the gross value at the point of production                                                          
              of the oil or gas, respectively, produced from the lease or                                                       
              property during the month for which the installment                                                               
              payment is calculated;                                                                                            
                   (D)  for oil and gas subject to AS 43.55.011(p), the                                                         
          lesser of                                                                                                             
                                                                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1267
                        (i)  the sum of 25 percent and the tax rate                                                             
              calculated for the month under AS 43.55.011(g)                                                                    
              multiplied by the remainder obtained by subtracting 1/12                                                          
              of the producer's adjusted lease expenditures for the                                                             
              calendar year of production under AS 43.55.165 and                                                                
              43.55.170 that are deductible for the oil and gas under                                                           
              AS 43.55.160 from the gross value at the point of                                                                 
              production of the oil and gas produced from the leases or                                                         
              properties during the month for which the installment                                                             
              payment is calculated, but not less than zero; or                                                                
                        (ii)  four percent of the gross value at the point of                                                   
              production of the oil and gas produced from the leases or                                                         
              properties during the month, but not less than zero;                                                              
              (2)  an amount calculated under (1)(C) of this subsection                                                         
     for oil or gas subject to AS 43.55.011(j), (k), or (o) may not                                                             
     exceed the product obtained by carrying out the calculation set out                                                        
     in AS 43.55.011(j)(1) or (2) or 43.55.011(o), as applicable, for gas                                                       
     or set out in AS 43.55.011(k) for oil, but substituting in                                                                 
     AS 43.55.011(j)(1)(A) or (2)(A) or 43.55.011(o), as applicable,                                                            
     the amount of taxable gas produced during the month for the                                                                
     amount of taxable gas produced during the calendar year and                                                                
     substituting in AS 43.55.011(k) the amount of taxable oil                                                                  
     produced during the month for the amount of taxable oil produced                                                           
     during the calendar year;                                                                                                  
              (3)  an installment payment of the estimated tax levied by                                                        
     AS 43.55.011(i) for each lease or property is due for each month                                                           
     of the calendar year on the last day of the following month; the                                                           
     amount of the installment payment is the sum of                                                                            
                   (A)  the applicable tax rate for oil provided under                                                          
          AS 43.55.011(i), multiplied by the gross value at the point of                                                        
          production of the oil taxable under AS 43.55.011(i) and                                                               
          produced from the lease or property during the month; and                                                             
                   (B)  the applicable tax rate for gas provided under                                                          
          AS 43.55.011(i), multiplied by the gross value at the point of                                                        
          production of the gas taxable under AS 43.55.011(i) and                                                               
            produced from the lease or property during the month;                                                              
              (4)  any amount of tax levied by AS 43.55.011, net of any                                                         
     credits applied as allowed by law, that exceeds the total of the                                                           
     amounts due as installment payments of estimated tax is due on                                                             
       March 31 of the year following the calendar year of production;                                                         

2017-05-15                     Senate Journal                      Page 1268
              (5)  for oil and gas produced on and after January 1, 2014,                                                       
     and before January 1, 2022, an installment payment of the                                                                  
     estimated tax levied by AS 43.55.011(e), net of any tax credits                                                            
     applied as allowed by law, is due for each month of the calendar                                                           
     year on the last day of the following month; except as otherwise                                                           
     provided under (6) of this subsection, the amount of the                                                                   
     installment payment is the sum of the following amounts, less                                                              
     1/12 of the tax credits that are allowed by law to be applied                                                              
     against the tax levied by AS 43.55.011(e) for the calendar year,                                                           
     but the amount of the installment payment may not be less than                                                             
     zero:                                                                                                                      
                   (A)  for oil and gas not subject to AS 43.55.011(o) or                                                       
          (p) produced from leases or properties in the state outside the                                                       
          Cook Inlet sedimentary basin, other than leases or properties                                                         
          subject to AS 43.55.011(f), the greater of                                                                            
                        (i)  zero; or                                                                                           
                        (ii)  35 percent multiplied by the remainder                                                            
              obtained by subtracting 1/12 of the producer's adjusted                                                           
              lease expenditures for the calendar year of production                                                            
              under AS 43.55.165 and 43.55.170 that are deductible for                                                          
              the oil and gas under AS 43.55.160 from the gross value                                                           
              at the point of production of the oil and gas produced                                                            
              from the leases or properties during the month for which                                                          
              the installment payment is calculated;                                                                            
                   (B)  for oil and gas produced from leases or                                                                 
          properties subject to AS 43.55.011(f), the greatest of                                                                
                        (i)  zero;                                                                                              
                        (ii)  zero percent, one percent, two percent, three                                                     
              percent, or four percent, as applicable, of the gross value                                                       
              at the point of production of the oil and gas produced                                                            
              from the leases or properties during the month for which                                                          
              the installment payment is calculated; or                                                                         
                        (iii)  35 percent multiplied by the remainder                                                           
              obtained by subtracting 1/12 of the producer's adjusted                                                           
              lease expenditures for the calendar year of production                                                            
              under AS 43.55.165 and 43.55.170 that are deductible for                                                          
              the oil and gas under AS 43.55.160 from the gross value                                                           
              at the point of production of the oil and gas produced                                                            
              from those leases or properties during the month for                                                              
              which the installment payment is calculated, except that,                                                         

2017-05-15                     Senate Journal                      Page 1269
              for the purposes of this calculation, a reduction from the                                                        
              gross value at the point of production may apply for oil                                                          
                 and gas subject to AS 43.55.160(f) [OR (g)];                                                                  
                   (C)  for oil or gas subject to AS 43.55.011(j), (k), or                                                      
          (o), for each lease or property, the greater of                                                                       
                        (i)  zero; or                                                                                           
                        (ii)  35 percent multiplied by the remainder                                                            
              obtained by subtracting 1/12 of the producer's adjusted                                                           
              lease expenditures for the calendar year of production                                                            
              under AS 43.55.165 and 43.55.170 that are deductible                                                              
              under AS 43.55.160 for the oil or gas, respectively,                                                              
              produced from the lease or property from the gross value                                                          
              at the point of production of the oil or gas, respectively,                                                       
              produced from the lease or property during the month for                                                          
                 which the installment payment is calculated;                                                                  
                   (D)  for oil and gas subject to AS 43.55.011(p), the                                                         
          lesser of                                                                                                             
                        (i)  35 percent multiplied by the remainder                                                             
              obtained by subtracting 1/12 of the producer's adjusted                                                           
              lease expenditures for the calendar year of production                                                            
              under AS 43.55.165 and 43.55.170 that are deductible for                                                          
              the oil and gas under AS 43.55.160 from the gross value                                                           
              at the point of production of the oil and gas produced                                                            
              from the leases or properties during the month for which                                                          
              the installment payment is calculated, but not less than                                                          
              zero; or                                                                                                          
                        (ii)  four percent of the gross value at the point of                                                   
              production of the oil and gas produced from the leases or                                                         
              properties during the month, but not less than zero;                                                              
              (6)  an amount calculated under (5)(C) of this subsection                                                         
     for oil or gas subject to AS 43.55.011(j), (k), or (o) may not                                                             
     exceed the product obtained by carrying out the calculation set out                                                        
     in AS 43.55.011(j)(1) or (2) or 43.55.011(o), as applicable, for gas                                                       
     or set out in AS 43.55.011(k) for oil, but substituting in                                                                 
     AS 43.55.011(j)(1)(A) or (2)(A) or 43.55.011(o), as applicable,                                                            
     the amount of taxable gas produced during the month for the                                                                
     amount of taxable gas produced during the calendar year and                                                                
     substituting in AS 43.55.011(k) the amount of taxable oil                                                                  
     produced during the month for the amount of taxable oil produced                                                           
     during the calendar year;                                                                                                  

2017-05-15                     Senate Journal                      Page 1270
              (7)  for oil and gas produced on or after January 1, 2022,                                                        
     an installment payment of the estimated tax levied by                                                                      
     AS 43.55.011(e), net of any tax credits applied as allowed by law,                                                         
     is due for each month of the calendar year on the last day of the                                                          
     following month; except as otherwise provided under (10) of this                                                           
     subsection, the amount of the installment payment is the sum of                                                            
     the following amounts, less 1/12 of the tax credits that are allowed                                                       
     by law to be applied against the tax levied by AS 43.55.011(e) for                                                         
     the calendar year, but the amount of the installment payment may                                                           
     not be less than zero:                                                                                                     
                   (A)  for oil produced from leases or properties subject                                                      
          to AS 43.55.011(f), the greatest of                                                                                   
                        (i)  zero;                                                                                              
                        (ii)  zero percent, one percent, two percent, three                                                     
              percent, or four percent, as applicable, of the gross value                                                       
              at the point of production of the oil produced from the                                                           
              leases or properties during the month for which the                                                               
              installment payment is calculated; or                                                                             
                        (iii)  35 percent multiplied by the remainder                                                           
              obtained by subtracting 1/12 of the producer's adjusted                                                           
              lease expenditures for the calendar year of production                                                            
              under AS 43.55.165 and 43.55.170 that are deductible for                                                          
              the oil under AS 43.55.160(h)(1) from the gross value at                                                          
              the point of production of the oil produced from those                                                            
              leases or properties during the month for which the                                                               
              installment payment is calculated, except that, for the                                                           
              purposes of this calculation, a reduction from the gross                                                          
              value at the point of production may apply for oil subject                                                        
                to AS 43.55.160(f) or 43.55.160(f) [AND (g)];                                                                  
                   (B)  for oil produced before or during the last                                                              
          calendar year under AS 43.55.024(b) for which the producer                                                            
          could take a tax credit under AS 43.55.024(a), from leases or                                                         
          properties in the state outside the Cook Inlet sedimentary                                                            
          basin, no part of which is north of 68 degrees North latitude,                                                        
          other than leases or properties subject to AS 43.55.011(o) or                                                         
          (p), the greater of                                                                                                   
                        (i)  zero; or                                                                                           
                        (ii)  35 percent multiplied by the remainder                                                            
              obtained by subtracting 1/12 of the producer's adjusted                                                           
              lease expenditures for the calendar year of production                                                            

2017-05-15                     Senate Journal                      Page 1271
              under AS 43.55.165 and 43.55.170 that are deductible for                                                          
              the oil under AS 43.55.160(h)(2) from the gross value at                                                          
              the point of production of the oil produced from the                                                              
              leases or properties during the month for which the                                                               
              installment payment is calculated;                                                                                
                   (C)  for oil and gas produced from leases or                                                                 
          properties subject to AS 43.55.011(p), except as otherwise                                                            
          provided under (8) of this subsection, the sum of                                                                     
                        (i)  35 percent multiplied by the remainder                                                             
              obtained by subtracting 1/12 of the producer's adjusted                                                           
              lease expenditures for the calendar year of production                                                            
              under AS 43.55.165 and 43.55.170 that are deductible for                                                          
              the oil under AS 43.55.160(h)(3) from the gross value at                                                          
              the point of production of the oil produced from the                                                              
              leases or properties during the month for which the                                                               
              installment payment is calculated, but not less than zero;                                                        
              and                                                                                                               
                        (ii)  13 percent of the gross value at the point of                                                     
              production of the gas produced from the leases or                                                                 
              properties during the month, but not less than zero;                                                              
                   (D)  for oil produced from leases or properties in the                                                       
          state, no part of which is north of 68 degrees North latitude,                                                        
          other than leases or properties subject to (B), (C), or (F) of                                                        
          this paragraph, the greater of                                                                                        
                        (i)  zero; or                                                                                           
                        (ii)  35 percent multiplied by the remainder                                                            
              obtained by subtracting 1/12 of the producer's adjusted                                                           
              lease expenditures for the calendar year of production                                                            
              under AS 43.55.165 and 43.55.170 that are deductible for                                                          
              the oil under AS 43.55.160(h)(4) from the gross value at                                                          
              the point of production of the oil produced from the                                                              
              leases or properties during the month for which the                                                               
              installment payment is calculated;                                                                                
                   (E)  for gas produced from each lease or property in                                                         
          the state outside the Cook Inlet sedimentary basin, other than                                                        
          a lease or property subject to AS 43.55.011(o) or (p), 13                                                             
          percent of the gross value at the point of production of the gas                                                      
          produced from the lease or property during the month for                                                              
          which the installment payment is calculated, but not less than                                                        
          zero;                                                                                                                 

2017-05-15                     Senate Journal                      Page 1272
                   (F)  for oil subject to AS 43.55.011(k), for each lease                                                      
          or property, the greater of                                                                                           
                        (i)  zero; or                                                                                           
                        (ii)  35 percent multiplied by the remainder                                                            
              obtained by subtracting 1/12 of the producer's adjusted                                                           
              lease expenditures for the calendar year of production                                                            
              under AS 43.55.165 and 43.55.170 that are deductible                                                              
              under AS 43.55.160 for the oil produced from the lease or                                                         
              property from the gross value at the point of production                                                          
              of the oil produced from the lease or property during the                                                         
              month for which the installment payment is calculated;                                                            
                   (G)  for gas subject to AS 43.55.011(j) or (o), for                                                          
          each lease or property, the greater of                                                                                
                        (i)  zero; or                                                                                           
                        (ii)  13 percent of the gross value at the point of                                                     
              production of the gas produced from the lease or property                                                         
              during the month for which the installment payment is                                                             
              calculated;                                                                                                       
              (8)  an amount calculated under (7)(C) of this subsection                                                         
     may not exceed four percent of the gross value at the point of                                                             
     production of the oil and gas produced from leases or properties                                                           
     subject to AS 43.55.011(p) during the month for which the                                                                  
     installment payment is calculated;                                                                                         
              (9)  for purposes of the calculation under (1)(B)(ii),                                                            
     (5)(B)(ii), and (7)(A)(ii) of this subsection, the applicable                                                              
     percentage of the gross value at the point of production is                                                                
     determined under AS 43.55.011(f)(1) or (2) but substituting the                                                            
     phrase "month for which the installment payment is calculated" in                                                          
     AS 43.55.011(f)(1) and (2) for the phrase "calendar year for which                                                         
     the tax is due";                                                                                                           
              (10)  an amount calculated under (7)(F) or (G) of this                                                            
     subsection for oil or gas subject to AS 43.55.011(j), (k), or (o)                                                          
     may not exceed the product obtained by carrying out the                                                                    
     calculation set out in AS 43.55.011(j)(1) or (2) or 43.55.011(o), as                                                       
     applicable, for gas, or set out in AS 43.55.011(k) for oil, but                                                            
     substituting in AS 43.55.011(j)(1)(A) or (2)(A) or 43.55.011(o), as                                                        
     applicable,  the  amount  of taxable gas produced during the month                                                         
                                                                                                                                
                                                                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1273
     for the amount of taxable gas produced during the calendar year                                                            
     and substituting in AS 43.55.011(k) the amount of taxable oil                                                              
     produced during the month for the amount of taxable oil produced                                                           
     during the calendar year."                                                                                                 
                                                                                                                                
Renumber the following bill sections accordingly.                                                                               
                                                                                                                                
Page 4, line 20:                                                                                                                
     Delete "sec. 5"                                                                                                            
     Insert "sec. 7"                                                                                                            
                                                                                                                                
Page 6, following line 14:                                                                                                      
     Insert new bill sections to read:                                                                                          
"* Sec. 11. AS 43.55.024(i) is amended to read:                                                                               
          (i)  A producer may apply against the producer's tax liability                                                        
     for the calendar year under AS 43.55.011(e) a tax credit of $5 for                                                         
     each barrel of oil taxable under AS 43.55.011(e) that receives a                                                           
     reduction in the gross value at the point of production under                                                              
     AS 43.55.160(f) [OR (g)] and that is produced during a calendar                                                            
     year after December 31, 2013. A tax credit authorized by this                                                              
     subsection may not reduce a producer's tax liability for a calendar                                                        
     year under AS 43.55.011(e) below zero.                                                                                     
   * Sec. 12. AS 43.55.024(j) is amended to read:                                                                             
          (j)  A producer may apply against the producer's tax liability                                                        
     for the calendar year under AS 43.55.011(e) 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 receive a reduction in the                                                             
     gross value at the point of production under AS 43.55.160(f) [OR                                                           
     (g)] and that is produced during a calendar year after                                                                     
     December 31, 2013, from leases or properties north of 68 degrees                                                           
     North latitude. A tax credit under this subsection may not reduce a                                                        
     producer's tax liability for a calendar year under AS 43.55.011(e)                                                         
     below the amount calculated under AS 43.55.011(f). 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;                                                                                                                    
                                                                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1274
              (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;                                                                       
              (5)  $4 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 $110 a barrel, but less than $120 a barrel;                                                                       
              (6)  $3 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 $120 a barrel, but less than $130 a barrel;                                                                       
              (7)  $2 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 $130 a barrel, but less than $140 a barrel;                                                                       
              (8)  $1 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 $140 a barrel, but less than $150 a barrel;                                                                       
              (9)  zero if the average gross value at the point of                                                              
     production for the month is greater than or equal to $150 a barrel."                                                       
                                                                                                                                
Renumber the following bill sections accordingly.                                                                               
                                                                                                                                
Page 7, line 8:                                                                                                                 
     Delete "sec. 9"                                                                                                            
     Insert "sec. 13"                                                                                                           
                                                                                                                                
Page 14, line 26:                                                                                                               
     Delete "sec. 19"                                                                                                           
     Insert "sec. 23"                                                                                                           
                                                                                                                                
Page 16, following line 3:                                                                                                      
     Insert a new bill section to read:                                                                                         
"* Sec. 26. AS 43.55.160(a) is amended to read:                                                                               
          (a)  For oil and gas produced before January 1, 2022, except                                                          
     as provided in (b) and [,] (f) [, AND (g)] of this section, for the                                                    
     purposes of                                                                                                                

2017-05-15                     Senate Journal                      Page 1275
              (1)  AS 43.55.011(e)(1) and (2), the annual production tax                                                        
     value of taxable oil, gas, or oil and gas produced during a calendar                                                       
     year in a category for which a separate annual production tax                                                              
     value is required to be calculated under this paragraph is the gross                                                       
     value at the point of production of that oil, gas, or oil and gas                                                          
     taxable under AS 43.55.011(e), less the producer's lease                                                                   
     expenditures under AS 43.55.165 for the calendar year applicable                                                           
     to the oil, gas, or oil and gas in that category produced by the                                                           
     producer during the calendar year, as adjusted under                                                                       
     AS 43.55.170; a separate annual production tax value shall be                                                              
     calculated for                                                                                                             
                   (A)  oil and gas produced from leases or properties in                                                       
          the state that include land north of 68 degrees North latitude,                                                       
          other than gas produced before 2022 and used in the state;                                                            
                   (B)  oil and gas produced from leases or properties in                                                       
          the state outside the Cook Inlet sedimentary basin, no part of                                                        
          which is north of 68 degrees North latitude and that qualifies                                                        
          for a tax credit under AS 43.55.024(a) and (b); this                                                                  
          subparagraph does not apply to                                                                                        
                        (i)  gas produced before 2022 and used in the                                                           
              state; or                                                                                                         
                        (ii)  oil and gas subject to AS 43.55.011(p);                                                           
                   (C)  oil produced before 2022 from each lease or                                                             
          property in the Cook Inlet sedimentary basin;                                                                         
                   (D)  gas produced before 2022 from each lease or                                                             
          property in the Cook Inlet sedimentary basin;                                                                         
                   (E)  gas produced before 2022 from each lease or                                                             
          property in the state outside the Cook Inlet sedimentary basin                                                        
          and used in the state, other than gas subject to                                                                      
          AS 43.55.011(p);                                                                                                      
                   (F)  oil and gas subject to AS 43.55.011(p) produced                                                         
          from leases or properties in the state;                                                                               
                   (G)  oil and gas produced from leases or properties in                                                       
          the state no part of which is north of 68 degrees North                                                               
          latitude, other than oil or gas described in (B), (C), (D), (E), or                                                   
          (F) of this paragraph;                                                                                                
              (2)  AS 43.55.011(g), for oil and gas produced before                                                             
       January 1, 2014, the monthly production tax value of the taxable                                                        
                                                                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1276
                   (A)  oil and gas produced during a month from leases                                                         
          or properties in the state that include land north of 68 degrees                                                      
          North latitude is the gross value at the point of production of                                                       
          the oil and gas taxable under AS 43.55.011(e) and produced                                                            
          by the producer from those leases or properties, less 1/12 of                                                         
          the producer's lease expenditures under AS 43.55.165 for the                                                          
          calendar year applicable to the oil and gas produced by the                                                           
          producer from those leases or properties, as adjusted under                                                           
          AS 43.55.170; this subparagraph does not apply to gas subject                                                         
          to AS 43.55.011(o);                                                                                                   
                   (B)  oil and gas produced during a month from leases                                                         
          or properties in the state outside the Cook Inlet sedimentary                                                         
          basin, no part of which is north of 68 degrees North latitude,                                                        
          is the gross value at the point of production of the oil and gas                                                      
          taxable under AS 43.55.011(e) and produced by the producer                                                            
          from those leases or properties, less 1/12 of the producer's                                                          
          lease expenditures under AS 43.55.165 for the calendar year                                                           
          applicable to the oil and gas produced by the producer from                                                           
          those leases or properties, as adjusted under AS 43.55.170;                                                           
          this subparagraph does not apply to gas subject to                                                                    
          AS 43.55.011(o);                                                                                                      
                   (C)  oil produced during a month from a lease or                                                             
          property in the Cook Inlet sedimentary basin is the gross                                                             
          value at the point of production of the oil taxable under                                                             
          AS 43.55.011(e) and produced by the producer from that lease                                                          
          or property, less 1/12 of the producer's lease expenditures                                                           
          under AS 43.55.165 for the calendar year applicable to the oil                                                        
          produced by the producer from that lease or property, as                                                              
          adjusted under AS 43.55.170;                                                                                          
                   (D)  gas produced during a month from a lease or                                                             
          property in the Cook Inlet sedimentary basin is the gross                                                             
          value at the point of production of the gas taxable under                                                             
          AS 43.55.011(e) and produced by the producer from that lease                                                          
          or property, less 1/12 of the producer's lease expenditures                                                           
          under AS 43.55.165 for the calendar year applicable to the gas                                                        
          produced by the producer from that lease or property, as                                                              
          adjusted under AS 43.55.170;                                                                                          
                   (E)  gas produced during a month from a lease or                                                             
          property outside the Cook Inlet sedimentary basin and used in                                                         
          the state is the gross value at the point of production of that                                                       

2017-05-15                     Senate Journal                      Page 1277
          gas taxable under AS 43.55.011(e) and produced by the                                                                 
          producer from that lease or property, less 1/12 of the                                                                
          producer's lease expenditures under AS 43.55.165 for the                                                              
          calendar year applicable to that gas produced by the producer                                                         
          from that lease or property, as adjusted under AS 43.55.170."                                                         
                                                                                                                                
Renumber the following bill sections accordingly.                                                                               
                                                                                                                                
Page 17, following line 11:                                                                                                     
     Insert a new bill section to read:                                                                                         
"* Sec. 29. AS 43.55.160(h) is amended to read:                                                                               
          (h)  For oil produced on and after January 1, 2022, except as                                                         
     provided in (b) and [,] (f) [, AND (g)] of this section, for the                                                       
     purposes of AS 43.55.011(e)(3), the annual production tax value                                                            
     of oil taxable under AS 43.55.011(e) produced by a producer                                                                
     during a calendar year                                                                                                     
              (1)  from leases or properties in the state that include land                                                     
     north of 68 degrees North latitude is the gross value at the point of                                                      
     production of that oil, less the producer's lease expenditures under                                                       
     AS 43.55.165 for the calendar year incurred to explore for,                                                                
     develop, or produce oil and gas deposits located in the state north                                                        
     of 68 degrees North latitude or located in leases or properties in                                                         
     the state that include land north of 68 degrees North latitude, as                                                         
     adjusted under AS 43.55.170;                                                                                               
              (2)  before or during the last calendar year under                                                                
     AS 43.55.024(b) for which the producer could take a tax credit                                                             
     under AS 43.55.024(a), from leases or properties in the state                                                              
     outside the Cook Inlet sedimentary basin, no part of which is north                                                        
     of 68 degrees North latitude, other than leases or properties                                                              
     subject to AS 43.55.011(p), is the gross value at the point of                                                             
     production of that oil, less the producer's lease expenditures under                                                       
     AS 43.55.165 for the calendar year incurred to explore for,                                                                
     develop, or produce oil and gas deposits located in the state                                                              
     outside the Cook Inlet sedimentary basin and south of 68 degrees                                                           
     North latitude, other than oil and gas deposits located in a lease or                                                      
     property that includes land north of 68 degrees North latitude or                                                          
     that is subject to AS 43.55.011(p) or, before January 1, 2027, from                                                        
     which commercial production has not begun, as adjusted under                                                               
     AS 43.55.170;                                                                                                              
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1278
              (3)  from leases or properties subject to AS 43.55.011(p)                                                         
     is the gross value at the point of production of that oil, less the                                                        
     producer's lease expenditures under AS 43.55.165 for the calendar                                                          
     year incurred to explore for, develop, or produce oil and gas                                                              
     deposits located in leases or properties subject to AS 43.55.011(p)                                                        
     or, before January 1, 2027, located in leases or properties in the                                                         
     state outside the Cook Inlet sedimentary basin, no part of which is                                                        
     north of 68 degrees North latitude from which commercial                                                                   
     production has not begun, as adjusted under AS 43.55.170;                                                                  
              (4)  from leases or properties in the state no part of which                                                      
     is north of 68 degrees North latitude, other than leases or                                                                
     properties subject to (2) or (3) of this subsection, is the gross value                                                    
     at the point of production of that oil less the producer's lease                                                           
     expenditures under AS 43.55.165 for the calendar year incurred to                                                          
     explore for, develop, or produce oil and gas deposits located in the                                                       
     state south of 68 degrees North latitude, other than oil and gas                                                           
     deposits located in a lease or property in the state that includes                                                         
     land north of 68 degrees North latitude, and excluding lease                                                               
     expenditures that are deductible under (2) or (3) of this subsection                                                       
     or would be deductible under (2) or (3) of this subsection if not                                                          
     prohibited by (b) of this section, as adjusted under AS 43.55.170;                                                         
     a separate annual production tax value shall be calculated for                                                             
                   (A)  oil produced from each lease or property in the                                                         
          Cook Inlet sedimentary basin;                                                                                         
                   (B)  oil produced from each lease or property outside                                                        
          the Cook Inlet sedimentary basin, no part of which is north of                                                        
          68 degrees North latitude, other than leases or properties                                                            
          subject to (3) of this subsection."                                                                                   
                                                                                                                                
Renumber the following bill sections accordingly.                                                                               
                                                                                                                                
Page 19, following line 10:                                                                                                     
     Insert a new bill section to read:                                                                                         
   "* Sec. 35. AS 43.98.050 is amended to read:                                                                               
          Sec. 43.98.050. Duties. The duties of the board include the                                                         
     following:                                                                                                                 
              (1)  establish and maintain a salient collection of                                                               
     information related to oil and gas exploration, development, and                                                           
     production in the state and related to tax structures, rates, and                                                          
     credits in other regions with oil and gas resources;                                                                       

2017-05-15                     Senate Journal                      Page 1279
              (2)  review historical, current, and potential levels of                                                          
     investment in the state's oil and gas sector;                                                                              
              (3)  identify factors that affect investment in oil and gas                                                       
     exploration, development, and production in the state, including                                                           
     tax structure, rates, and credits; royalty requirements;                                                                   
     infrastructure; workforce availability; and regulatory                                                                     
     requirements;                                                                                                              
              (4)  review the competitive position of the state to attract                                                      
     and maintain investment in the oil and gas sector in the state as                                                          
     compared to the competitive position of other regions with oil and                                                         
     gas resources;                                                                                                             
              (5)  in order to facilitate the work of the board, establish                                                      
     procedures to accept and keep confidential information that is                                                             
     beneficial to the work of the board, including the creation of a                                                           
     secure data room and confidentiality agreements to be signed by                                                            
     individuals having access to confidential information;                                                                     
              (6)  make written findings and recommendations to the                                                             
     Alaska State Legislature before                                                                                            
                   (A)  January 31, 2015, or as soon thereafter as                                                              
          practicable, regarding                                                                                                
                        (i)  changes to the state's regulatory environment                                                      
              and permitting structure that would be conducive to                                                               
              encouraging increased investment while protecting the                                                             
              interests of the people of the state and the environment;                                                         
                        (ii)  the status of the oil and gas industry labor                                                      
              pool in the state and the effectiveness of workforce                                                              
              development efforts by the state;                                                                                 
                        (iii)  the status of the oil-and-gas-related                                                            
              infrastructure of the state, including a description of                                                           
              infrastructure deficiencies; and                                                                                  
                        (iv)  the competitiveness of the state's fiscal oil                                                     
              and gas tax regime when compared to other regions of the                                                          
              world;                                                                                                            
                   (B)  January 15, 2017, regarding                                                                             
                        (i)  the state's tax structure and rates on oil and                                                     
              gas produced south of 68 degrees North latitude;                                                                  
                        (ii)  a tax structure that takes into account the                                                       
              unique economic circumstances for each oil and gas                                                                
              producing area south of 68 degrees North latitude;                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1280
                        (iii)  a reduction in the gross value at the point of                                                   
              production for oil and gas produced south of 68 degrees                                                           
              North latitude that is similar to the reduction in gross                                                          
              value at the point of production in AS 43.55.160(f) and                                                           
              former AS 43.55.160(g) [(g)];                                                                                 
                        (iv)  other incentives for oil and gas production                                                       
              south of 68 degrees North latitude;                                                                               
                   (C)  January 31, 2021, or as soon thereafter as                                                              
          practicable, regarding                                                                                                
                        (i)  changes to the state's fiscal regime that would                                                    
              be conducive to increased and ongoing long-term                                                                   
              investment in and development of the state's oil and gas                                                          
              resources;                                                                                                        
                        (ii)  alternative means for increasing the state's                                                      
              ability to attract and maintain investment in and                                                                 
              development of the state's oil and gas resources; and                                                             
                        (iii)  a review of the current effectiveness and                                                        
              future value of any provisions of the state's oil and gas tax                                                     
               laws that are expiring in the next five years."                                                                 
                                                                                                                                
Renumber the following bill sections accordingly.                                                                               
                                                                                                                                
Page 19, line 11:                                                                                                               
     Delete "is"                                                                                                                
     Insert "and 43.55.160(g) are"                                                                                              
                                                                                                                                
Page 19, line 17:                                                                                                               
     Delete "sec. 2"                                                                                                            
     Insert "sec. 3"                                                                                                            
                                                                                                                                
Page 19, line 18:                                                                                                               
     Delete "secs. 9, 12, and 15"                                                                                               
     Insert "secs. 13, 16, and 19"                                                                                              
                                                                                                                                
Page 19, line 23:                                                                                                               
     Delete "sec. 4"                                                                                                            
     Insert "sec. 6"                                                                                                            
     Delete "sec. 7"                                                                                                            
     Insert "sec. 9"                                                                                                            
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1281
Page 19, line 24:                                                                                                               
     Delete "sec. 14"                                                                                                           
     Insert "sec. 18"                                                                                                           
                                                                                                                                
Page 19, line 31:                                                                                                               
     Delete "secs. 24 and 27"                                                                                                   
     Insert "secs. 30 and 33"                                                                                                   
                                                                                                                                
Page 20, line 1:                                                                                                                
     Delete "secs. 24 and 27"                                                                                                   
     Insert "secs. 30 and 33"                                                                                                   
                                                                                                                                
Page 20, line 5:                                                                                                                
     Delete "sec. 1"                                                                                                            
     Insert "sec. 2"                                                                                                            
                                                                                                                                
Page 20, line 7:                                                                                                                
     Delete "sec. 1"                                                                                                            
     Insert "sec. 2"                                                                                                            
                                                                                                                                
Page 20, line 11:                                                                                                               
     Delete "sec. 30"                                                                                                           
     Insert "sec. 37"                                                                                                           
                                                                                                                                
Page 20, line 12:                                                                                                               
     Delete "sec. 30"                                                                                                           
     Insert "sec. 37"                                                                                                           
                                                                                                                                
Page 20, line 14:                                                                                                               
     Delete "sec. 30"                                                                                                           
     Insert "sec. 37"                                                                                                           
                                                                                                                                
Page 20, following line 14:                                                                                                     
     Insert new bill sections to read:                                                                                          
"* Sec. 43. The uncodified law of the State of Alaska is amended by                                                           
adding a new section to read:                                                                                                   
     TRANSITION: PAYMENT OF TAX; FILING. (a)                                                                                    
Notwithstanding the amendment to AS 43.55.020 by sec. 5 of this Act,                                                            
                                                                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1282
          (1)  a person subject to tax under AS 43.55 that is required to                                                       
make one or more installment payments of estimated tax or other                                                                 
payments of tax under AS 43.55.020 for production before the                                                                    
effective date of sec. 5 of this Act shall pay the tax under                                                                    
AS 43.55.020, as that section read on the day before the effective date                                                         
of sec. 5 of this Act;                                                                                                          
          (2)  an unpaid amount of an installment payment required                                                              
under AS 43.55.020 for production before the effective date of sec. 5                                                           
of this Act that is not paid when due bears interest under                                                                      
AS 43.55.020, as that section read on the day before the effective date                                                         
of sec. 5 of this Act;                                                                                                          
          (3)  an overpayment of an installment payment required under                                                          
AS 43.55.020 for production before the effective date of sec. 5 of this                                                         
Act bears interest under AS 43.55.020, as that section read on the day                                                          
before the effective date of sec. 5 of this Act.                                                                                
     (b)  The Department of Revenue may continue to apply and                                                                   
enforce AS 43.55.020, as that section read on the day before the                                                                
effective date of sec. 5 of this Act, for a tax or installment payment for                                                      
production before the effective date of sec. 5 of this Act.                                                                     
   * Sec. 44. The uncodified law of the State of Alaska is amended by                                                         
adding a new section to read:                                                                                                   
     TRANSITION: GROSS VALUE REDUCTION. Notwithstanding                                                                         
the repeal of AS 43.55.160(g) by sec. 36 of this Act and the                                                                    
amendments to AS 43.55.020(a), 43.55.024(i), and 43.55.160(a) and                                                               
(h) by secs. 5, 11, 26, and 29 of this Act, a taxpayer who produces oil                                                         
or gas before January 1, 2018, that qualifies for a reduction in gross                                                          
value under AS 43.55.160(g), as that subsection read on the day before                                                          
the effective date of sec. 36 of this Act, may reduce the gross value at                                                        
the point of production of and may qualify for a credit under                                                                   
AS 43.55.024(i) for that oil or gas, in accordance with                                                                         
AS 43.55.160(g) and 43.55.024(i), as those subsections read on the                                                              
day before the effective date of sec. 36 of this Act."                                                                          
                                                                                                                                
Renumber the following bill sections accordingly.                                                                               
                                                                                                                                
Page 20, line 18:                                                                                                               
     Delete "sec. 29"                                                                                                           
     Insert "sec. 36"                                                                                                           
                                                                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1283
Page 20, line 19:                                                                                                               
     Delete "secs. 22, 23, 25, and 28"                                                                                          
     Insert "secs. 27, 28, 31, and 34"                                                                                          
                                                                                                                                
Page 20, line 20:                                                                                                               
     Delete "sec. 29"                                                                                                           
     Insert "sec. 36"                                                                                                           
                                                                                                                                
Page 20, line 24:                                                                                                               
     Delete "sec. 29"                                                                                                           
     Insert "sec. 36"                                                                                                           
                                                                                                                                
Page 20, line 26:                                                                                                               
     Delete "sec. 29"                                                                                                           
     Insert "sec. 36"                                                                                                           
                                                                                                                                
Page 20, line 27:                                                                                                               
     Delete "sec. 29"                                                                                                           
     Insert "sec. 36"                                                                                                           
                                                                                                                                
Page 21, lines 1 - 2:                                                                                                           
     Delete "sec. 30"                                                                                                           
     Insert "sec. 37"                                                                                                           
                                                                                                                                
Page 21, line 12:                                                                                                               
     Delete "Sections 3, 6, 8, 30, 35, and 37"                                                                                  
     Insert "Sections 4, 8, 10, 37, 42, and 46"                                                                                 
                                                                                                                                
Page 21, line 27:                                                                                                               
      Delete "Sections 2, 4, 7, 9, 12 - 15, 17, 19, 31, 32, 38, and 39"                                                        
      Insert "Sections 3, 6, 9, 13, 16 - 19, 21, 23, 38, 39, 47, and 48"                                                       
                                                                                                                                
Page 21, line 29:                                                                                                               
     Delete "Section 24"                                                                                                        
     Insert "Section 30"                                                                                                        
                                                                                                                                
Page 21, line 31:                                                                                                               
     Delete "sec. 39"                                                                                                           
     Insert "sec. 48"                                                                                                           
     Delete "secs. 3, 6, 8, 30, 35, and 37"                                                                                     
     Insert "secs. 4, 8, 10, 37, 42, and 46"                                                                                    
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1284
Page 22, line 3:                                                                                                                
     Delete "sec. 39"                                                                                                           
     Insert "sec. 48"                                                                                                           
                                                                                                                                
Page 22, line 5:                                                                                                                
     Delete "secs. 40 - 42"                                                                                                     
     Insert "secs. 49 - 51"                                                                                                     
                                                                                                                                
Senator Wielechowski moved for the adoption of Amendment No. 4.                                                                 
Senator MacKinnon objected.                                                                                                     
                                                                                                                                
The question being: "Shall Amendment No. 4 be adopted?" The roll                                                                
was taken with the following result:                                                                                            
                                                                                                                                
SCS CSHB 111(FIN)                                                                                                               
Second Reading                                                                                                                  
Amendment No. 4?                                                                                                                
                                                                                                                                
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. 4 failed.                                                                                                 
                                                                                                                                
Senator Wielechowski offered Amendment No. 5:                                                                                   
                                                                                                                                
Page 19, line 11:                                                                                                               
     Delete "is"                                                                                                                
     Insert "and 43.55.024(j) are"                                                                                              
                                                                                                                                
Senator Wielechowski moved for the adoption of Amendment No. 5.                                                                 
Senator MacKinnon objected.                                                                                                     
                                                                                                                                
The question being: "Shall Amendment No. 5 be adopted?" The roll                                                                
was taken with the following result:                                                                                            
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1285
SCS CSHB 111(FIN)                                                                                                               
Second Reading                                                                                                                  
Amendment No. 5?                                                                                                                
                                                                                                                                
YEAS:  4   NAYS:  14   EXCUSED:  1   ABSENT:  1                                                                               
                                                                                                                                
Yeas:  Begich, Egan, Gardner, Wielechowski                                                                                      
                                                                                                                                
Nays:  Bishop, Coghill, Costello, Dunleavy, Giessel, Hoffman,                                                                   
Hughes, Kelly, MacKinnon, Meyer, Micciche, Stevens, von Imhof,                                                                  
Wilson                                                                                                                          
                                                                                                                                
Excused:  Stedman                                                                                                               
                                                                                                                                
Absent:  Olson                                                                                                                  
                                                                                                                                
and so, Amendment No. 5 failed.                                                                                                 
                                                                                                                                
Senator Wielechowski offered Amendment No. 6:                                                                                   
                                                                                                                                
Page 1, line 5, following "delinquent":                                                                                       
     Insert "oil and gas production"                                                                                          
                                                                                                                                
Page 1, line 8, through page 2, line 21:                                                                                        
     Delete all material and insert:                                                                                            
"* Section 1. AS 43.05.225 is amended to read:                                                                                
             Sec. 43.05.225. Interest. Unless otherwise provided,                                                            
              (1)  a delinquent tax                                                                                             
                   (A)  under this title, before January 1, 2014, bears                                                         
          interest in each calendar quarter at the rate of five percentage                                                      
          points above the annual rate charged member banks for                                                                 
          advances by the 12th Federal Reserve District as of the first                                                         
          day of that calendar quarter, or at the annual rate of 11                                                             
          percent, whichever is greater, compounded quarterly as of the                                                         
          last day of that quarter;                                                                                             
                   (B)  under this title, on and after January 1, 2014,                                                         
          except as provided in (C) of this paragraph, bears interest in                                                        
          each calendar quarter at the rate of three percentage points                                                          
          above the annual rate charged member banks for advances by                                                            
          the 12th Federal Reserve District as of the first day of that                                                         
          calendar quarter;                                                                                                     
                                                                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1286
                   (C)  under AS 43.55, on and after January 1, 2017,                                                           
                        [(i)  FOR THE FIRST THREE YEARS AFTER                                                                   
              A TAX BECOMES DELINQUENT,] bears interest in                                                                      
              each calendar quarter at the rate of seven percentage                                                             
              points above the annual rate charged member banks for                                                             
              advances by the 12th Federal Reserve District as of the                                                           
              first day of that calendar quarter, compounded quarterly                                                          
              as of the last day of that quarter; [AND                                                                          
                        (ii)  AFTER THE FIRST THREE YEARS                                                                       
              AFTER A TAX BECOMES DELINQUENT, DOES                                                                              
              NOT BEAR INTEREST;]                                                                                               
              (2)  the interest rate is 12 percent a year for                                                                   
                   (A)  delinquent fees payable under AS 05.15.095(c);                                                          
          and                                                                                                                   
                   (B)  unclaimed property that is not timely paid or                                                           
          delivered, as allowed by AS 34.45.470(a). "                                                                           
                                                                                                                                
Page 20, lines 2 - 7:                                                                                                           
     Delete all material.                                                                                                       
                                                                                                                                
Renumber the following bill sections accordingly.                                                                               
                                                                                                                                
Page 21, line 12:                                                                                                               
     Delete "35, and 37"                                                                                                        
     Insert "34, and 36"                                                                                                        
                                                                                                                                
Page 21, line 27:                                                                                                               
     Delete "38, and 39"                                                                                                        
     Insert "37, and 38"                                                                                                        
                                                                                                                                
Page 21, line 31:                                                                                                               
     Delete "sec. 39"                                                                                                           
     Insert "sec. 38"                                                                                                           
     Delete "37"                                                                                                                
     Insert "36"                                                                                                                
                                                                                                                                
Page 22, line 3:                                                                                                                
     Delete "sec. 39"                                                                                                           
     Insert "sec. 38"                                                                                                           
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1287
Page 22, line 5:                                                                                                                
     Delete "secs. 40 - 42"                                                                                                     
     Insert "secs. 39 - 41"                                                                                                     
                                                                                                                                
Senator Wielechowski moved for the adoption of Amendment No. 6.                                                                 
Senator Micciche objected.                                                                                                      
                                                                                                                                
The question being: "Shall Amendment No. 6 be adopted?" The roll                                                                
was taken with the following result:                                                                                            
                                                                                                                                
SCS CSHB 111(FIN)                                                                                                               
Second Reading                                                                                                                  
Amendment No. 6?                                                                                                                
                                                                                                                                
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. 6 failed.                                                                                                 
                                                                                                                                
Senator Wielechowski offered Amendment No. 7:                                                                                   
                                                                                                                                
Page 3, line 19, through page 4, line 1:                                                                                        
     Delete all material.                                                                                                       
                                                                                                                                
Renumber the following bill sections accordingly.                                                                               
                                                                                                                                
Page 4, line 20:                                                                                                                
     Delete "sec. 5"                                                                                                            
     Insert "sec. 4"                                                                                                            
                                                                                                                                
Page 5, lines 8 - 31:                                                                                                           
     Delete all material.                                                                                                       
                                                                                                                                
Renumber the following bill sections accordingly.                                                                               
                                                                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1288
Page 7, line 8:                                                                                                                 
     Delete "sec. 9"                                                                                                            
     Insert "sec. 7"                                                                                                            
                                                                                                                                
Page 11, line 29, through page 12, line 15:                                                                                     
     Delete all material.                                                                                                       
                                                                                                                                
Renumber the following bill sections accordingly.                                                                               
                                                                                                                                
Page 14, line 26:                                                                                                               
     Delete "sec. 19"                                                                                                           
     Insert "sec. 16"                                                                                                           
                                                                                                                                
Page 19, line 18:                                                                                                               
     Delete "secs. 9, 12, and 15"                                                                                               
     Insert "secs. 7, 10, and 12"                                                                                               
                                                                                                                                
Page 19, lines 20 - 27:                                                                                                         
     Delete all material.                                                                                                       
                                                                                                                                
Renumber the following bill sections accordingly.                                                                               
                                                                                                                                
Page 19, line 31:                                                                                                               
     Delete "secs. 24 and 27"                                                                                                   
     Insert "secs. 21 and 24"                                                                                                   
                                                                                                                                
Page 20, line 1:                                                                                                                
     Delete "secs. 24 and 27"                                                                                                   
     Insert "secs. 21 and 24"                                                                                                   
                                                                                                                                
Page 20, line 11:                                                                                                               
     Delete "sec. 30"                                                                                                           
     Insert "sec. 27"                                                                                                           
                                                                                                                                
Page 20, line 12:                                                                                                               
     Delete "sec. 30"                                                                                                           
     Insert "sec. 27"                                                                                                           
                                                                                                                                
                                                                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1289
Page 20, line 14:                                                                                                               
     Delete "sec. 30"                                                                                                           
     Insert "sec. 27"                                                                                                           
                                                                                                                                
Page 20, line 18:                                                                                                               
     Delete "sec. 29"                                                                                                           
     Insert "sec. 26"                                                                                                           
                                                                                                                                
Page 20, line 19:                                                                                                               
     Delete "secs. 22, 23, 25, and 28"                                                                                          
     Insert "secs. 19, 20, 22, and 25"                                                                                          
                                                                                                                                
Page 20, line 20:                                                                                                               
     Delete "sec. 29"                                                                                                           
     Insert "sec. 26"                                                                                                           
                                                                                                                                
Page 20, line 24:                                                                                                               
     Delete "sec. 29"                                                                                                           
     Insert "sec. 26"                                                                                                           
                                                                                                                                
Page 20, line 26:                                                                                                               
     Delete "sec. 29"                                                                                                           
     Insert "sec. 26"                                                                                                           
                                                                                                                                
Page 20, line 27:                                                                                                               
     Delete "sec. 29"                                                                                                           
     Insert "sec. 26"                                                                                                           
                                                                                                                                
Page 21, lines 1 - 2:                                                                                                           
     Delete "sec. 30"                                                                                                           
     Insert "sec. 27"                                                                                                           
                                                                                                                                
Page 21, line 12:                                                                                                               
     Delete "6, 8, 30, 35, and 37"                                                                                              
     Insert "5, 6, 27, 31, and 33"                                                                                              
                                                                                                                                
Page 21, line 27:                                                                                                               
     Delete "4, 7, 9, 12 - 15, 17, 19, 31, 32, 38, and 39"                                                                      
     Insert "7, 10 - 12, 14, 16, 28, 34, and 35"                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1290
Page 21, line 29:                                                                                                               
     Delete "Section 24"                                                                                                        
     Insert "Section 21"                                                                                                        
                                                                                                                                
Page 21, line 31:                                                                                                               
     Delete "sec. 39"                                                                                                           
     Insert "sec. 35"                                                                                                           
     Delete "6, 8, 30, 35, and 37"                                                                                              
     Insert "5, 6, 27, 31, and 33"                                                                                              
                                                                                                                                
Page 22, line 3:                                                                                                                
     Delete "sec. 39"                                                                                                           
     Insert "sec. 35"                                                                                                           
                                                                                                                                
Page 22, line 5:                                                                                                                
     Delete "secs. 40 - 42"                                                                                                     
     Insert "secs. 36 - 38"                                                                                                     
                                                                                                                                
Senator Wielechowski moved for the adoption of Amendment No. 7.                                                                 
Senator MacKinnon objected. Senator Wielechowski moved and asked                                                                
unanimous consent to withdraw Amendment No. 7. Without objection,                                                               
Amendment No. 7 was withdrawn.                                                                                                  
                                                                                                                                
Senator Wielechowski offered Amendment No. 8:                                                                                   
                                                                                                                                
Page 1, line 1, following "Act":                                                                                              
     Insert "relating to the qualified in-state oil refinery                                                                  
infrastructure expenditures tax credit;"                                                                                      
                                                                                                                                
Page 3, following line 18:                                                                                                      
     Insert new bill sections to read:                                                                                          
"* Sec. 4. AS 43.20.053(g) is amended to read:                                                                                
          (g)  If an oil refinery ceases commercial operation during the                                                        
     nine calendar years immediately following the calendar year in                                                             
     which a credit under former (a) of this section was received,                                                          
     regardless of whether commercial operation later resumes, the                                                              
     taxpayer's tax liability under this chapter will be increased. The                                                         
     tax liability increase is equal to the total amount of credit taken                                                        
     multiplied by a fraction                                                                                                   
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1291
              (1)  the numerator of which is the difference between 10                                                          
     and the number of calendar years for which the oil refinery was                                                            
     eligible for a credit under former (a) of this section; and                                                            
              (2)  the denominator of which is 10.                                                                              
   * Sec. 5. AS 43.20.053(h) is amended to read:                                                                              
          (h)  A person claiming a tax credit under former (a) of this                                                      
     section for an oil refinery that ceases commercial operation or is                                                         
     sold during the nine calendar years immediately following the                                                              
     calendar year in which a credit under former (a) of this section                                                       
     was received shall notify the department in writing of the date the                                                        
     oil refinery ceased commercial operation or was sold. The notice                                                           
     must be filed with the return for the tax year in which the oil                                                            
     refinery ceases commercial operation or was sold.                                                                          
   * Sec. 6. AS 43.20.053(i) is amended to read:                                                                              
          (i)  The issuance of a refund under former (d) of this section                                                    
     does not limit the department's ability to later audit or adjust the                                                       
     claim as provided in AS 43.05 if the department determines that                                                            
     the taxpayer claiming the credit was not entitled to the amount of                                                         
     the credit."                                                                                                               
                                                                                                                                
Renumber the following bill sections accordingly.                                                                               
                                                                                                                                
Page 4, line 20:                                                                                                                
     Delete "sec. 5"                                                                                                            
     Insert "sec. 8"                                                                                                            
                                                                                                                                
Page 7, line 8:                                                                                                                 
     Delete "sec. 9"                                                                                                            
     Insert "sec. 12"                                                                                                           
                                                                                                                                
Page 13, line 27:                                                                                                               
     Delete "43.20.053."                                                                                                        
     Insert "former AS 43.20.053(d)."                                                                                       
                                                                                                                                
Page 13, line 30:                                                                                                               
     Delete "."                                                                                                             
     Insert "[43.20.053]."                                                                                                      
                                                                                                                                
                                                                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1292
Page 14, line 26:                                                                                                               
     Delete "sec. 19"                                                                                                           
     Insert "sec. 22"                                                                                                           
                                                                                                                                
Page 15, following line 21:                                                                                                     
     Insert a new bill section to read:                                                                                         
"* Sec. 24. AS 43.55.028(g) is amended to read:                                                                               
          (g)  The department shall adopt regulations to carry out the                                                          
     purposes of this section, including standards and procedures to                                                            
     allocate available money among applications for purchases under                                                            
     this chapter and claims for refunds and payments under                                                                     
     AS 43.20.046, 43.20.047, or former AS 43.20.053(d) [43.20.053]                                                         
     when the total amount of the applications for purchase and claims                                                          
     for refund exceed the amount of available money in the fund. The                                                           
     regulations adopted by the department                                                                                      
              (1)  may not, when allocating available money in the fund                                                         
     under this section, distinguish an application for the purchase of a                                                       
     credit certificate issued under former AS 43.55.023(m) or a claim                                                          
     for a refund or payment under AS 43.20.046, 43.20.047, or                                                                  
     former AS 43.20.053(d) [43.20.053];                                                                                    
              (2)  must, when allocating available money in the fund                                                            
     under this section, grant a preference, between two applicants, to                                                         
     the applicant with a higher percentage of resident workers in the                                                          
     applicant's workforce, including workers employed by the                                                                   
     applicant's direct contractors, in the state in the previous calendar                                                      
     year; in this paragraph, "resident worker" has the meaning given                                                           
     in AS 43.40.092(b);                                                                                                        
              (3)  must provide for the purchase of the amount equal to                                                         
     the first 50 percent of the credit repurchase limit for each person                                                        
     under (e) of this section at a rate of 100 percent of the value of the                                                     
     certificate or portion of the certificate requested to be purchased                                                        
     and the amount equal to the next 50 percent of the credit                                                                  
     repurchase limit for each person under (e) of this section at a rate                                                       
     of 75 percent of the value of the certificate or portion of the                                                            
     certificate requested to be purchased."                                                                                    
                                                                                                                                
Renumber the following bill sections accordingly.                                                                               
                                                                                                                                
                                                                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1293
Page 19, line 11:                                                                                                               
     Delete "AS 43.55.023(b) is"                                                                                                
     Insert "AS 43.20.053(a), 43.20.053(b), 43.20.053(c),                                                                       
43.20.053(d), 43.20.053(e), 43.20.053(f), 43.20.053(j); and                                                                     
AS 43.55.023(b) are"                                                                                                            
                                                                                                                                
Page 19, following line 11:                                                                                                     
     Insert a new bill section to read:                                                                                         
"* Sec. 34. AS 43.20.053(g), 43.20.053(h), and 43.20.053(i) are                                                               
repealed January 1, 2027."                                                                                                      
                                                                                                                                
Renumber the following bill sections accordingly.                                                                               
                                                                                                                                
Page 19, line 12:                                                                                                               
     Delete ", AS 43.20.053(e)"                                                                                                 
                                                                                                                                
Page 19, line 18:                                                                                                               
     Delete "secs. 9, 12, and 15"                                                                                               
     Insert "secs. 12, 15, and 18"                                                                                              
                                                                                                                                
Page 19, line 23:                                                                                                               
     Delete "sec. 4"                                                                                                            
     Insert "sec. 7"                                                                                                            
     Delete "sec. 7"                                                                                                            
     Insert "sec. 10"                                                                                                           
                                                                                                                                
Page 19, line 24:                                                                                                               
     Delete "sec. 14"                                                                                                           
     Insert "sec. 17"                                                                                                           
                                                                                                                                
Page 19, line 31:                                                                                                               
     Delete "secs. 24 and 27"                                                                                                   
     Insert "secs. 28 and 31"                                                                                                   
                                                                                                                                
Page 20, line 1:                                                                                                                
     Delete "secs. 24 and 27"                                                                                                   
     Insert "secs. 28 and 31"                                                                                                   
                                                                                                                                
Page 20, line 11:                                                                                                               
     Delete "sec. 30"                                                                                                           
     Insert "sec. 35"                                                                                                           
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1294
Page 20, line 12:                                                                                                               
     Delete "sec. 30"                                                                                                           
     Insert "sec. 35"                                                                                                           
                                                                                                                                
Page 20, line 14:                                                                                                               
     Delete "sec. 30"                                                                                                           
     Insert "sec. 35"                                                                                                           
                                                                                                                                
Page 20, following line 14:                                                                                                     
     Insert a new bill section to read:                                                                                         
"* Sec. 41. The uncodified law of the State of Alaska is amended by                                                           
adding a new section to read:                                                                                                   
     TRANSITION: QUALIFIED IN-STATE OIL REFINERY                                                                                
INFRASTRUCTURE EXPENDITURES TAX CREDIT.                                                                                         
Notwithstanding the repeal of AS 43.20.053(a) - (f) and (j) by sec. 33                                                          
of this Act, the amendments to AS 43.20.053(g) - (i) by secs 4 - 6 of                                                           
this Act, and the amendments to AS 43.55.028(a) and (g) by secs. 21                                                             
and 34 of this Act,                                                                                                             
          (1)  a taxpayer that incurs a qualified infrastructure                                                                
expenditure before the repeal of AS 43.20.053(a) - (f) and (j) by sec.                                                          
33 of this Act that qualifies for a qualified in-state oil refinery                                                             
infrastructure expenditures tax credit under AS 43.20.053 may apply                                                             
for a tax credit under AS 43.20.053, as that section read on the day                                                            
before the repeal of AS 43.20.053(a) - (f) and (j) by sec. 33 of this Act,                                                      
may apply for a refund or payment under AS 43.55.028, as that section                                                           
read on the day before the effective date of secs. 21 and 24 of this Act,                                                       
or may carry forward a credit subject to the limitations of                                                                     
AS 43.20.053(b), as that subsection read on the day before the repeal                                                           
of AS 43.20.053(b) by sec. 33 of this Act;                                                                                      
          (2)  the Department of Revenue may, for a qualified                                                                   
infrastructure expenditure incurred before the repeal of                                                                        
AS 43.20.053(a) - (f) and (j) by sec. 33 of this Act, issue a refund                                                            
under AS 43.20.053 and AS 43.55.028(a) and (g), as those sections                                                               
read on the day before the repeal of AS 43.20.053(a) - (f) and (j) by                                                           
sec. 33 of this Act and continue to apply and enforce AS 43.20.053, as                                                          
that section read on the day before the repeal of AS 43.20.053(a) - (f)                                                         
and (j) by sec. 33 of this Act."                                                                                                
                                                                                                                                
Renumber the following bill sections accordingly.                                                                               
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1295
Page 20, line 18:                                                                                                               
     Delete "sec. 29"                                                                                                           
     Insert "sec. 33"                                                                                                           
                                                                                                                                
Page 20, line 19:                                                                                                               
     Delete "secs. 22, 23, 25, and 28"                                                                                          
     Insert "secs. 26, 27, 29, and 32"                                                                                          
                                                                                                                                
Page 20, line 20:                                                                                                               
     Delete "sec. 29"                                                                                                           
     Insert "sec. 33"                                                                                                           
                                                                                                                                
Page 20, line 24:                                                                                                               
     Delete "sec. 29"                                                                                                           
     Insert "sec. 33"                                                                                                           
                                                                                                                                
Page 20, line 26:                                                                                                               
     Delete "sec. 29"                                                                                                           
     Insert "sec. 33"                                                                                                           
                                                                                                                                
Page 20, line 27:                                                                                                               
     Delete "sec. 29"                                                                                                           
     Insert "sec. 33"                                                                                                           
                                                                                                                                
Page 21, lines 1 - 2:                                                                                                           
     Delete "sec. 30"                                                                                                           
     Insert "sec. 35"                                                                                                           
                                                                                                                                
Page 21, line 12:                                                                                                               
     Delete "6, 8, 30, 35, and 37"                                                                                              
     Insert "9, 11, 35, 40, and 43"                                                                                             
                                                                                                                                
Page 21, line 27:                                                                                                               
     Delete "4, 7, 9, 12 - 15, 17, 19, 31, 32, 38, and 39"                                                                      
     Insert "7, 10, 12, 15 - 18, 20, 22, 36, 37, 44, and 45"                                                                    
                                                                                                                                
Page 21, line 29:                                                                                                               
     Delete "Section 24"                                                                                                        
     Insert "Section 28"                                                                                                        
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1296
Page 21, following line 30:                                                                                                     
     Insert a new bill section to read:                                                                                         
"* Sec. 48. Section 34 of this Act takes effect January 1, 2027."                                                             
                                                                                                                                
Renumber the following bill sections accordingly.                                                                               
                                                                                                                                
Page 21, line 31:                                                                                                               
     Delete "sec. 39"                                                                                                           
     Insert "sec. 45"                                                                                                           
     Delete "6, 8, 30, 35, and 37"                                                                                              
     Insert "9, 11, 35, 40, and 43"                                                                                             
                                                                                                                                
Page 22, line 3:                                                                                                                
     Delete "sec. 39"                                                                                                           
     Insert "sec. 45"                                                                                                           
                                                                                                                                
Page 22, line 5:                                                                                                                
     Delete "secs. 40 - 42"                                                                                                     
     Insert "secs. 46 - 49"                                                                                                     
                                                                                                                                
Senator Wielechowski moved for the adoption of Amendment No. 8.                                                                 
Senator MacKinnon objected.                                                                                                     
                                                                                                                                
The question being: "Shall Amendment No. 8 be adopted?" The roll                                                                
was taken with the following result:                                                                                            
                                                                                                                                
SCS CSHB 111(FIN)                                                                                                               
Second Reading                                                                                                                  
Amendment No. 8?                                                                                                                
                                                                                                                                
YEAS:  6   NAYS:  13   EXCUSED:  1   ABSENT:  0                                                                               
                                                                                                                                
Yeas:  Begich, Dunleavy, Egan, Gardner, Olson, Wielechowski                                                                     
                                                                                                                                
Nays:  Bishop, Coghill, Costello, Giessel, Hoffman, Hughes, Kelly,                                                              
MacKinnon, Meyer, Micciche, Stevens, von Imhof, Wilson                                                                          
                                                                                                                                
Excused:  Stedman                                                                                                               
                                                                                                                                
and so, Amendment No. 8 failed.                                                                                                 
                                                                                                                                
                                                                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1297
Senator Wielechowski offered Amendment No. 9:                                                                                   
                                                                                                                                
Page 1, line 4, following "certificates;":                                                                                    
     Insert "relating to information concerning tax credits, lease                                                            
expenditures, and oil and gas taxes and relating to the disclosure                                                            
of that information to the public;"                                                                                           
                                                                                                                                
Page 1, following line 7:                                                                                                       
     Insert a new bill section to read:                                                                                         
   "* Section 1. AS 40.25.100(a) is amended to read:                                                                          
          (a)  Information in the possession of the Department of                                                               
     Revenue that discloses the particulars of the business or affairs of                                                       
     a taxpayer or other person, including information under                                                                    
     AS 38.05.020(b)(11) that is subject to a confidentiality agreement                                                         
     under AS 38.05.020(b)(12), is not a matter of public record,                                                               
     except as provided in AS 43.05.230(i) - (n) [AS 43.05.230(i) - (l)]                                                    
     or for purposes of investigation and law enforcement. The                                                                  
     information shall be kept confidential except when its production                                                          
     is required in an official investigation, administrative adjudication                                                      
     under AS 43.05.405 - 43.05.499, or court proceeding. These                                                                 
     restrictions do not prohibit the publication of statistics presented                                                       
     in a manner that prevents the identification of particular reports                                                         
     and items, prohibit the publication of tax lists showing the names                                                         
     of taxpayers who are delinquent and relevant information that may                                                          
     assist in the collection of delinquent taxes, or prohibit the                                                              
     publication of records, proceedings, and decisions under                                                                   
     AS 43.05.405 - 43.05.499."                                                                                                 
                                                                                                                                
Page 1, line 8:                                                                                                                 
     Delete "Section 1"                                                                                                       
     Insert "Sec. 2"                                                                                                          
                                                                                                                                
Renumber the following bill sections accordingly.                                                                               
                                                                                                                                
Page 2, following line 21:                                                                                                      
     Insert new bill sections to read:                                                                                          
"* Sec. 3. AS 43.05.230(l) is amended to read:                                                                                
                                                                                                                                
                                                                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1298
          (l)  The [FOR TAX CREDIT CERTIFICATES                                                                             
     PURCHASED BY THE DEPARTMENT IN THE PRECEDING                                                                               
     CALENDAR YEAR UNDER AS 43.55.028, THE] department                                                                          
     shall make the following information public by April 30 of each                                                            
     year:                                                                                                                      
              (1)  for tax credit certificates issued or purchased by                                                       
     the department in the preceding calendar year under                                                                    
     AS 43.55.028:                                                                                                          
                   (A)  the name of each person to which a                                                              
          transferable tax certificate was issued or from which the                                                         
          department purchased a transferable tax credit certificate; and                                                       
                   (B) [(2)]  the aggregate amount of the tax credit                                                        
          certificates purchased from the person in the preceding                                                               
          calendar year;                                                                                                    
                   (C)  the aggregate amount of the tax credit                                                              
          certificates issued to the person in the preceding calendar                                                       
          year; and                                                                                                         
              (2)  unless otherwise prohibited by law, information                                                          
     submitted during the previous calendar year under                                                                      
     AS 43.55.030(a)(10) and (e)(3).                                                                                        
   * Sec. 4. AS 43.05.230 is amended by adding new subsections to                                                             
read:                                                                                                                           
          (m)  The department may disclose information otherwise                                                                
     publicly available                                                                                                         
              (1)  on a return filed for a tax due under AS 43.55; or                                                           
              (2)  related to a credit received under AS 43.20.046,                                                             
     43.20.047, 43.20.049, 43.20.052, or 43.20.053.                                                                             
          (n)  The name of each person claiming a credit, the amount of                                                         
     credit received for each oil refinery, and a description of the                                                            
     expenditures for which each credit is claimed under AS 43.20.053                                                           
     is public information. The department shall make the following                                                             
     information public by April 30 of each year:                                                                               
              (1)  the name of each person who claimed a tax credit                                                             
     under AS 43.20.053 in the preceding calendar year;                                                                         
              (2)  for each refinery for which a tax credit was claimed                                                         
     under AS 43.20.053 in the preceding calendar year,                                                                         
                   (A)  the aggregate amount of tax credits claimed for                                                         
          that refinery;                                                                                                        
                                                                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1299
                   (B)  a description of any potential benefits to the state                                                    
          or residents of the state, including the estimated monetary                                                           
          value;                                                                                                                
              (3)  a brief description of the qualified infrastructure                                                          
     expenditures for which each tax credit claimed under                                                                       
         AS 43.20.053 in the preceding calendar year was claimed; and                                                          
              (4)  for each refinery for which an expenditure is the basis                                                      
     of a credit under AS 43.20.053, the aggregate amount of unused                                                             
     tax credits or portions of tax credits."                                                                                   
                                                                                                                                
Renumber the following bill sections accordingly.                                                                               
                                                                                                                                
Page 4, line 20:                                                                                                                
     Delete "sec. 5"                                                                                                            
     Insert "sec. 8"                                                                                                            
                                                                                                                                
Page 7, line 8:                                                                                                                 
     Delete "sec. 9"                                                                                                            
     Insert "sec. 12"                                                                                                           
                                                                                                                                
Page 14, line 26:                                                                                                               
     Delete "sec. 19"                                                                                                           
     Insert "sec. 22"                                                                                                           
                                                                                                                                
Page 16, following line 3:                                                                                                      
     Insert new bill sections to read:                                                                                          
"* Sec. 25. AS 43.55.030(a) is amended to read:                                                                               
          (a)  A producer that produces oil or gas from a lease or                                                              
     property in the state during a calendar year, whether or not any tax                                                       
     payment is due under AS 43.55.020(a) for that oil or gas, shall file                                                       
     with the department on March 31 of the following year a                                                                    
     statement, under oath, in a form prescribed by the department,                                                             
     giving, with other information required under a regulation                                                             
     adopted by the department, the following:                                                                              
              (1)  a description of each lease or property from which oil                                                       
     or gas was produced, by name, legal description, lease number, or                                                          
     accounting codes assigned by the department;                                                                               
              (2)  the names of the producer and, if different, the person                                                      
     paying the tax, if any;                                                                                                    
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1300
              (3)  the gross amount of oil and the gross amount of gas                                                          
     produced from each lease or property, separately identifying the                                                           
     gross amount of gas produced from each oil and gas lease to                                                                
     which an effective election under AS 43.55.014(a) applies, the                                                             
     amount of gas delivered to the state under AS 43.55.014(b), and                                                            
     the percentage of the gross amount of oil and gas owned by the                                                             
     producer;                                                                                                                  
              (4)  the gross value at the point of production of the oil                                                        
     and of the gas produced from each lease or property owned by the                                                           
     producer and the costs of transportation of the oil and gas;                                                               
              (5)  the name of the first purchaser and the price received                                                       
     for the oil and for the gas, unless relieved from this requirement in                                                      
     whole or in part by the department;                                                                                        
              (6)  the producer's qualified capital expenditures, as                                                            
     defined in AS 43.55.023, other lease expenditures under                                                                    
     AS 43.55.165, and adjustments or other payments or credits under                                                           
     AS 43.55.170;                                                                                                              
              (7)  the production tax values of the oil and gas under                                                           
     AS 43.55.160(a) or of the oil under AS 43.55.160(h), as                                                                    
     applicable;                                                                                                                
              (8)  any claims for tax credits to be applied; [AND]                                                              
              (9)  calculations showing the amounts, if any, that were or                                                       
     are due under AS 43.55.020(a) and interest on any underpayment                                                             
     or overpayment; and                                                                                                    
              (10)  for each expenditure that is the basis of a lease                                                       
     expenditure carried forward under AS 43.55.165(a)(3) or a                                                              
     credit claimed under AS 43.55.023 or 43.55.025, a description                                                          
     of the expenditure and a description of the lease or property                                                          
     for which the expenditure was incurred.                                                                                
   * Sec. 26. AS 43.55.030(e) is amended to read:                                                                             
          (e)  An explorer or producer that incurs a lease expenditure                                                          
     under AS 43.55.165 or receives a payment or credit under                                                                   
     AS 43.55.170 during a calendar year but does not produce oil or                                                            
     gas from a lease or property in the state during the calendar year                                                         
     shall file with the department, on March 31 of the following year,                                                         
     a statement, under oath, in a form prescribed by the department,                                                           
     giving, with other information required under a regulation                                                             
     adopted by the department, the following:                                                                              
                                                                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1301
              (1)  the explorer's or producer's qualified capital                                                               
     expenditures, as defined in AS 43.55.023, other lease expenditures                                                         
     under AS 43.55.165, and adjustments or other payments or credits                                                           
     under AS 43.55.170; [AND]                                                                                                  
              (2)  if the explorer or producer receives a payment or                                                            
     credit under AS 43.55.170, calculations showing whether the                                                                
     explorer or producer is liable for a tax under AS 43.55.160(d) or                                                          
     43.55.170(b) and, if so, the amount; and                                                                               
              (3)  for each expenditure that is the basis of a lease                                                        
     expenditure carried forward under AS 43.55.165(a)(3) or a                                                              
     credit claimed under this chapter, a description of the                                                                
     expenditure and a description of the lease or property for                                                             
     which the expenditure was incurred."                                                                                   
                                                                                                                                
Renumber the following bill sections accordingly.                                                                               
                                                                                                                                
Page 19, line 17:                                                                                                               
     Delete "sec. 2"                                                                                                            
     Insert "sec. 5"                                                                                                            
                                                                                                                                
Page 19, line 18:                                                                                                               
     Delete "secs. 9, 12, and 15"                                                                                               
     Insert "secs. 12, 15, and 18"                                                                                              
                                                                                                                                
Page 19, line 23:                                                                                                               
     Delete "sec. 4"                                                                                                            
     Insert "sec. 7"                                                                                                            
     Delete "sec. 7"                                                                                                            
     Insert "sec. 10"                                                                                                           
                                                                                                                                
Page 19, line 24:                                                                                                               
     Delete "sec. 14"                                                                                                           
     Insert "sec. 17"                                                                                                           
                                                                                                                                
Page 19, line 31:                                                                                                               
     Delete "secs. 24 and 27"                                                                                                   
     Insert "secs. 29 and 32"                                                                                                   
                                                                                                                                
                                                                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1302
Page 20, line 1:                                                                                                                
     Delete "secs. 24 and 27"                                                                                                   
     Insert "secs. 29 and 32"                                                                                                   
                                                                                                                                
Page 20, line 5:                                                                                                                
     Delete "sec. 1"                                                                                                            
     Insert "sec. 2"                                                                                                            
                                                                                                                                
Page 20, line 7:                                                                                                                
     Delete "sec. 1"                                                                                                            
     Insert "sec. 2"                                                                                                            
                                                                                                                                
Page 20, line 11:                                                                                                               
     Delete "sec. 30"                                                                                                           
     Insert "sec. 35"                                                                                                           
                                                                                                                                
Page 20, line 12:                                                                                                               
     Delete "sec. 30"                                                                                                           
     Insert "sec. 35"                                                                                                           
                                                                                                                                
Page 20, line 14:                                                                                                               
     Delete "sec. 30"                                                                                                           
     Insert "sec. 35"                                                                                                           
                                                                                                                                
Page 20, line 18:                                                                                                               
     Delete "sec. 29"                                                                                                           
     Insert "sec. 34"                                                                                                           
                                                                                                                                
Page 20, line 19:                                                                                                               
     Delete "secs. 22, 23, 25, and 28"                                                                                          
     Insert "secs. 27, 28, 30, and 33"                                                                                          
                                                                                                                                
Page 20, line 20:                                                                                                               
     Delete "sec. 29"                                                                                                           
     Insert "sec. 34"                                                                                                           
                                                                                                                                
Page 20, line 24:                                                                                                               
     Delete "sec. 29"                                                                                                           
     Insert "sec. 34"                                                                                                           
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1303
Page 20, line 26:                                                                                                               
     Delete "sec. 29"                                                                                                           
     Insert "sec. 34"                                                                                                           
                                                                                                                                
Page 20, line 27:                                                                                                               
     Delete "sec. 29"                                                                                                           
     Insert "sec. 34"                                                                                                           
                                                                                                                                
Page 21, lines 1 - 2:                                                                                                           
     Delete "sec. 30"                                                                                                           
     Insert "sec. 35"                                                                                                           
                                                                                                                                
Page 21, line 12:                                                                                                               
     Delete "Sections 3, 6, 8, 30, 35, and 37"                                                                                  
     Insert "Sections 6, 9, 11, 35, 40, and 42"                                                                                 
                                                                                                                                
Page 21, line 27:                                                                                                               
      Delete "Sections 2, 4, 7, 9, 12 - 15, 17, 19, 31, 32, 38, and 39"                                                        
     Insert "Sections 5, 7, 10, 12, 15 - 18, 20, 22, 36, 37, 43, and 44"                                                       
                                                                                                                                
Page 21, line 29:                                                                                                               
     Delete "Section 24"                                                                                                        
     Insert "Section 29"                                                                                                        
                                                                                                                                
Page 21, line 31:                                                                                                               
     Delete "sec. 39"                                                                                                           
     Insert "sec. 44"                                                                                                           
     Delete "secs. 3, 6, 8, 30, 35, and 37"                                                                                     
     Insert "secs. 6, 9, 11, 35, 40, and 42"                                                                                    
                                                                                                                                
Page 22, line 3:                                                                                                                
     Delete "sec. 39"                                                                                                           
     Insert "sec. 44"                                                                                                           
                                                                                                                                
Page 22, line 5:                                                                                                                
     Delete "secs. 40 - 42"                                                                                                     
     Insert "secs. 45 - 47"                                                                                                     
                                                                                                                                
                                                                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1304
Senator Wielechowski moved for the adoption of Amendment No. 9.                                                                 
Senator Giessel objected.                                                                                                       
                                                                                                                                
The question being: "Shall Amendment No. 9 be adopted?" The roll                                                                
was taken with the following result:                                                                                            
                                                                                                                                
SCS CSHB 111(FIN)                                                                                                               
Second Reading                                                                                                                  
Amendment No. 9?                                                                                                                
                                                                                                                                
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. 9 failed.                                                                                                 
                                                                                                                                
SENATE CS FOR CS FOR HOUSE BILL NO. 111(FIN) was                                                                                
automatically in third reading.                                                                                                 
                                                                                                                                
Senator Meyer rose to a point of personal privilege.                                                                            
                                                                                                                                
The question being: "Shall 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"                                                        
pass the Senate?" The roll was taken with the following result:                                                                 
                                                                                                                                
SCS CSHB 111(FIN)                                                                                                               
Third Reading - Final Passage                                                                                                   
Effective Dates                                                                                                                 
                                                                                                                                
YEAS:  14   NAYS:  5   EXCUSED:  1   ABSENT:  0                                                                               
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1305
Yeas:  Bishop, Coghill, Costello, Dunleavy, Giessel, Hoffman,                                                                   
Hughes, Kelly, MacKinnon, Meyer, Micciche, Stevens, von Imhof,                                                                  
Wilson                                                                                                                          
                                                                                                                                
Nays:  Begich, Egan, Gardner, Olson, Wielechowski                                                                               
                                                                                                                                
Excused:  Stedman                                                                                                               
                                                                                                                                
and so SENATE CS FOR CS FOR HOUSE BILL NO. 111(FIN)                                                                             
passed the Senate.                                                                                                              
                                                                                                                                
Senator Micciche moved and asked unanimous consent that the vote                                                                
on the passage of the bill be considered the vote on the effective date                                                         
clauses. Without objection, it was so ordered.                                                                                  
                                                                                                                                
SCR 12                                                                                                                        
Senator Micciche moved and asked unanimous consent to take up                                                                   
SENATE CONCURRENT RESOLUTION NO. 12, which had been                                                                             
held on the Secretary's desk (page 1065). Without objection, the                                                                
resolution was before the Senate on final passage.                                                                              
                                                                                                                                
The question being: "Shall SENATE CONCURRENT RESOLUTION                                                                         
NO. 12 Suspending Rules 24(c), 35, 41(b), and 42(e), Uniform Rules                                                              
of the Alaska State Legislature, concerning House Bill No. 111,                                                                 
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, pass the Senate?" The roll                                                         
was taken with the following result:                                                                                            
                                                                                                                                
                                                                                                                                
SCR 12                                                                                                                          
Final Passage                                                                                                                   
                                                                                                                                
YEAS:  15   NAYS:  4   EXCUSED:  1   ABSENT:  0                                                                               
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1306
Yeas:  Bishop, Coghill, Costello, Dunleavy, Egan, Giessel, Hoffman,                                                             
Hughes, Kelly, MacKinnon, Meyer, Micciche, Stevens, von Imhof,                                                                  
Wilson                                                                                                                          
                                                                                                                                
Nays:  Begich, Gardner, Olson, Wielechowski                                                                                     
                                                                                                                                
Excused:  Stedman                                                                                                               
                                                                                                                                
and so, SENATE CONCURRENT RESOLUTION NO. 12 passed the                                                                          
Senate and was referred to the Secretary for engrossment.                                                                       
                                                                                                                                
                                                                                                                                
                             Unfinished Business                                                                             
                                                                                                                                
Senator Dunleavy moved and asked unanimous consent to be excused                                                                
from a call of the Senate from afternoon plane time, May 25 through                                                             
morning plane time, May 29; and from afternoon plane time, June 2                                                               
through morning plane time, June 4. Without objection, Senator                                                                  
Dunleavy was excused.                                                                                                           
                                                                                                                                
Senator Hughes moved and asked unanimous consent to be excused                                                                  
from a call of the Senate from morning plane time, June 6 through                                                               
evening plane time, June 11. Without objection, Senator Hughes was                                                              
excused.                                                                                                                        
                                                                                                                                
                                                                                                                                
                        Reconsideration of House Bills                                                                       
                                                                                                                                
HB 111                                                                                                                        
Senator Wielechowski gave notice of reconsideration on 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."                                                                                     
                                                                                                                                
                                                                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1307
Senator Micciche moved and asked unanimous consent the                                                                          
reconsideration be taken up the same day. Senator Gardner objected.                                                             
                                                                                                                                
The question being: "Shall the reconsideration be taken up the same                                                             
day?" The roll was taken with the following result:                                                                             
                                                                                                                                
SCS CSHB 111(FIN)                                                                                                               
Take up Reconsideration Same Day?                                                                                               
                                                                                                                                
YEAS:  14   NAYS:  5   EXCUSED:  1   ABSENT:  0                                                                               
                                                                                                                                
Yeas:  Bishop, Coghill, Costello, Dunleavy, Giessel, Hoffman,                                                                   
Hughes, Kelly, MacKinnon, Meyer, Micciche, Stevens, von Imhof,                                                                  
Wilson                                                                                                                          
                                                                                                                                
Nays:  Begich, Egan, Gardner, Olson, Wielechowski                                                                               
                                                                                                                                
Excused:  Stedman                                                                                                               
                                                                                                                                
and so, the bill was before the Senate on reconsideration.                                                                      
                                                                                                                                
The question to be reconsidered: "Shall 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" pass the Senate?" The roll was taken with the                                                            
following result:                                                                                                               
                                                                                                                                
SCS CSHB 111(FIN)                                                                                                               
Third Reading - On Reconsideration                                                                                              
                                                                                                                                
YEAS:  14   NAYS:  5   EXCUSED:  1   ABSENT:  0                                                                               
                                                                                                                                
Yeas:  Bishop, Coghill, Costello, Dunleavy, Giessel, Hoffman,                                                                   
Hughes, Kelly, MacKinnon, Meyer, Micciche, Stevens, von Imhof,                                                                  
Wilson                                                                                                                          
                                                                                                                                
Nays:  Begich, Egan, Gardner, Olson, Wielechowski                                                                               
                                                                                                                                
Excused:  Stedman                                                                                                               
                                                                                                                                
and so, SENATE CS FOR CS FOR HOUSE BILL NO. 111(FIN)                                                                            
passed the Senate on reconsideration.                                                                                           

2017-05-15                     Senate Journal                      Page 1308
Senator Micciche moved and asked unanimous consent that the vote                                                                
on the passage of the bill be considered the vote on the effective date                                                         
clauses. Senator Gardner objected.                                                                                              
                                                                                                                                
The question being: "Shall the effective date clauses be adopted?" The                                                          
roll was taken with the following result:                                                                                       
                                                                                                                                
SCS CSHB 111(FIN)                                                                                                               
Effective Date Clauses                                                                                                          
                                                                                                                                
YEAS:  14   NAYS:  5   EXCUSED:  1   ABSENT:  0                                                                               
                                                                                                                                
Yeas:  Bishop, Coghill, Costello, Dunleavy, Giessel, Hoffman,                                                                   
Hughes, Kelly, MacKinnon, Meyer, Micciche, Stevens, von Imhof,                                                                  
Wilson                                                                                                                          
                                                                                                                                
Nays:  Begich, Egan, Gardner, Olson, Wielechowski                                                                               
                                                                                                                                
Excused:  Stedman                                                                                                               
                                                                                                                                
and so, the effective date clauses were adopted and the bill was                                                                
referred to the Secretary for engrossment.                                                                                      
                                                                                                                                
                                                                                                                                
                                Announcements                                                                                
                                                                                                                                
Rule 23(d) of the Alaska State Legislature Uniform Rules is currently                                                           
in effect.                                                                                                                      
                                                                                                                                
Announcements are at the end of the journal.                                                                                    
                                                                                                                                
                                                                                                                                
                                 Engrossment                                                                                 
                                                                                                                                
HB 16                                                                                                                         
SENATE CS FOR HOUSE BILL NO. 16(RLS) am S "An Act relating                                                                      
to training regarding disabilities for police officers, probation officers,                                                     
parole officers, correctional officers, and village public safety officers;                                                     
relating to rights and responsibilities for drivers when encountering or                                                        
being stopped by a peace officer; relating to a voluntary disability                                                            
designation on a state identification card and a driver's license; relating                                                     
to the implementation of the federal REAL ID Act of 2005; relating to                                                           
issuance of identification cards and drivers' licenses; relating to data                                                        

2017-05-15                     Senate Journal                      Page 1309
sharing by the Department of Administration; and providing for an                                                               
effective date" was engrossed, signed by the President and Secretary                                                            
and returned to the House for consideration.                                                                                    
                                                                                                                                
HB 111                                                                                                                        
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" was engrossed, signed by                                                             
the President and Secretary and returned to the House for                                                                       
consideration.                                                                                                                  
                                                                                                                                
SCR 8                                                                                                                         
SENATE CONCURRENT RESOLUTION NO. 8 Suspending Rules                                                                             
24(c), 35, 41(b), and 42(e), Uniform Rules of the Alaska State                                                                  
Legislature, concerning House Bill No. 16, relating to training                                                                 
regarding disabilities for police officers, probation officers, parole                                                          
officers, correctional officers, and village public safety officers;                                                            
relating to guidelines for drivers when encountering or being stopped                                                           
by a peace officer; relating to driver's license examinations; and                                                              
relating to a voluntary disability designation on a state identification                                                        
card and a driver's license, was engrossed, signed by the President and                                                         
Secretary and transmitted to the House for consideration.                                                                       
                                                                                                                                
SCR 12                                                                                                                        
SENATE CONCURRENT RESOLUTION NO. 12 Suspending Rules                                                                            
24(c), 35, 41(b), and 42(e), Uniform Rules of the Alaska State                                                                  
Legislature, concerning House Bill No. 111, 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                                                         

2017-05-15                     Senate Journal                      Page 1310
in the gross value at the point of production; and relating to a                                                                
legislative working group, was engrossed, signed by the President and                                                           
Secretary and transmitted to the House for consideration.                                                                       
                                                                                                                                
                                                                                                                                
                                 Adjournment                                                                                 
                                                                                                                                
Senator Micciche moved and asked unanimous consent that the Senate                                                              
stand in adjournment until 11:00 a.m., May 16, 2017. Without                                                                    
objection, the Senate adjourned at 4:23 p.m.                                                                                    
                                                                                                                                
                                                                    Liz Clark                                                   
                                                     Secretary of the Senate                                                    
                                                                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1311
                                Announcements                                                                                
                                                                                                                                
Americans with Disabilities Act Notice - Persons with disabilities who require                                                  
special accommodation or alternative communication formats to access                                                            
committee meetings may contact the appropriate committee office or the                                                          
Legislative Information Office in their community. Reasonable advance                                                           
notice is needed to accommodate the request. For further information, call the                                                  
ADA Coordinator at 465-3854 Voice/465-4980 TDD.                                                                                 
                                                                                                                                
                                                                                                                                
                             STANDING COMMITTEES                                                                             
+ indicates teleconference                                                                                                      
= indicates bill previously heard/scheduled                                                                                     
                                                                                                                                
                         COMMUNITY & REGIONAL AFFAIRS                                                                        
                                                                                                                                
May 16        Tuesday                     Beltz 105 (tsbldg)          3:30 PM                                                 
              No Meeting Scheduled                                                                                              
                                                                                                                                
May 18        Thursday                    Beltz 105 (tsbldg)          3:30 PM                                                 
              No Meeting Scheduled                                                                                              
                   ----------------------------------------                                                                    
                                                                                                                                
                                  EDUCATION                                                                                  
                                                                                                                                
May 15        Monday                          Butrovich 205           8:00 AM                                                 
              No Meeting Scheduled                                                                                              
                                                                                                                                
May 17        Wednesday                       Butrovich 205           8:00 AM                                                 
              No Meeting Scheduled                                                                                              
                                                                                                                                
May 19        Friday                          Butrovich 205           8:00 AM                                                 
              No Meeting Scheduled                                                                                              
                   ----------------------------------------                                                                    
                                                                                                                                
                                   FINANCE                                                                                   
                                                                                                                                
May 15        Monday                    Senate Finance 532            1:30 PM                                                 
              -- Delayed to 5:00 p.m. --                                                                                        
+             Bills Previously Heard/Scheduled                                                                                  
+= HB 222 LICENSURE OF MANICURISTS/NAIL TECHS                                                                                   
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1312
                             FINANCE (continued)                                                                             
                                                                                                                                
May 16        Tuesday                   Senate Finance 532            1:30 PM                                                 
+ HB 132 TRANSPORTATION NETWORK COMPANIES                                                                                       
              <Pending Referral>                                                                                                
+             Bills Previously Heard/Scheduled                                                                                  
                   ----------------------------------------                                                                    
                                                                                                                                
                           HEALTH & SOCIAL SERVICES                                                                          
                                                                                                                                
May 15        Monday                          Butrovich 205           1:30 PM                                                 
              No Meeting Scheduled                                                                                              
                                                                                                                                
May 17        Wednesday                       Butrovich 205           1:30 PM                                                 
              No Meeting Scheduled                                                                                              
                                                                                                                                
May 19        Friday                          Butrovich 205           1:30 PM                                                 
              No Meeting Scheduled                                                                                              
                   ----------------------------------------                                                                    
                                                                                                                                
                                STATE AFFAIRS                                                                                
                                                                                                                                
May 16        Tuesday                         Butrovich 205           3:30 PM                                                 
              No Meeting Scheduled                                                                                              
                                                                                                                                
May 18        Thursday                        Butrovich 205           3:30 PM                                                 
              No Meeting Scheduled                                                                                              
                   ----------------------------------------                                                                    
                                                                                                                                
                               JOINT COMMITTEES                                                                              
                                                                                                                                
                             LEGISLATIVE COUNCIL                                                                             
                                                                                                                                
May 18        Thursday                   House Finance 519            9:00 AM                                                 
+             Contract Approval                                                                                                 
              - Wasilla LIO                                                                                                     
                   ----------------------------------------                                                                    
                                                                                                                                
                                                                                                                                
                                                                                                                                

2017-05-15                     Senate Journal                      Page 1313
                            CONFERENCE COMMITTEES                                                                            
                                                                                                                                
                   CONFERENCE COMMITTEES ON HB 57 AND HB 59                                                                  
                                                                                                                                
May 15        Monday                    Senate Finance 532            1:00 PM                                                 
     HB  57 APPROP: OPERATING BUDGET/LOANS/FUNDS                                                                                
     HB  59 APPROP: MENTAL HEALTH BUDGET                                                                                        
              Organizational Meeting                                                                                            
                   ----------------------------------------                                                                    
                                                                                                                                
                                OTHER MEETINGS                                                                               
                                                                                                                                
                                JOINT SESSION                                                                                
                                                                                                                                
May 16        Tuesday                      House Chamber              1:00 PM                                                 
+             Consideration of the Governor's Appointees