Legislature(2005 - 2006)CAPITOL 124

05/04/2005 05:00 PM OIL & GAS


Download Mp3. <- Right click and save file as

Audio Topic
05:06:24 PM Start
05:06:55 PM HB297
05:08:02 PM Adjourn
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
*+ HB 297 OIL& GAS EXPLORATION CREDIT & LEASE TERMS TELECONFERENCED
Moved CSHB 297(O&G) Out of Committee
*+ HJR 22 LEASES IN NATIONAL PETROLEUM RESERVE TELECONFERENCED
Scheduled But Not Heard
Bills Previously Heard/Scheduled
                    ALASKA STATE LEGISLATURE                                                                                  
             HOUSE SPECIAL COMMITTEE ON OIL AND GAS                                                                           
                          May 4, 2005                                                                                           
                           5:06 p.m.                                                                                            
                                                                                                                                
MEMBERS PRESENT                                                                                                               
                                                                                                                                
Representative Vic Kohring, Chair                                                                                               
Representative Norman Rokeberg                                                                                                  
Representative Ralph Samuels                                                                                                    
Representative Berta Gardner                                                                                                    
                                                                                                                                
MEMBERS ABSENT                                                                                                                
                                                                                                                                
Representative Nancy Dahlstrom                                                                                                  
Representative Lesil McGuire                                                                                                    
Representative Beth Kerttula                                                                                                    
                                                                                                                                
COMMITTEE CALENDAR                                                                                                            
                                                                                                                                
HOUSE BILL NO. 297                                                                                                              
"An  Act extending  and amending  the requirements  applicable to                                                               
the  credit  that  may  be   claimed  for  certain  oil  and  gas                                                               
exploration expenses incurred  in Cook Inlet against  oil and gas                                                               
properties production (severance) taxes,  and amending the credit                                                               
against  those taxes  for certain  exploration expenditures  from                                                               
other leases or  properties in the state  and, conditionally, for                                                               
exploration   expenditures   made   in   the   Alaska   Peninsula                                                               
competitive oil and  gas areawide lease sale  area; and providing                                                               
for an effective date."                                                                                                         
                                                                                                                                
     - MOVED CSHB 297(O&G) OUT OF COMMITTEE                                                                                     
                                                                                                                                
HOUSE JOINT RESOLUTION NO. 22                                                                                                   
Strongly encouraging the United  States Secretary of the Interior                                                               
to conduct additional competitive oil  and gas lease sales within                                                               
the National Petroleum Reserve-Alaska.                                                                                          
                                                                                                                                
     - SCHEDULED BUT NOT HEARD                                                                                                  
                                                                                                                                
PREVIOUS COMMITTEE ACTION                                                                                                     
                                                                                                                                
BILL: HB 297                                                                                                                  
SHORT TITLE: OIL& GAS EXPLORATION CREDIT & LEASE TERMS                                                                          
SPONSOR(S): OIL & GAS                                                                                                           
                                                                                                                                
05/03/05       (H)       READ THE FIRST TIME - REFERRALS                                                                        
05/03/05       (H)       O&G, FIN                                                                                               
05/03/05       (H)       O&G AT 5:00 PM CAPITOL 124                                                                             
05/03/05       (H)       -- Meeting Postponed to 5/4/05 at 5 pm                                                                 
                         --                                                                                                     
05/04/05       (H)       O&G AT 5:00 PM CAPITOL 124                                                                             
                                                                                                                                
BILL: HJR 22                                                                                                                  
SHORT TITLE: LEASES IN NATIONAL PETROLEUM RESERVE                                                                               
SPONSOR(S): OIL & GAS                                                                                                           
                                                                                                                                
05/03/05       (H)       READ THE FIRST TIME - REFERRALS                                                                        
05/03/05       (H)       O&G, RES                                                                                               
05/03/05       (H)       O&G AT 5:00 PM CAPITOL 124                                                                             
05/03/05       (H)       -- Meeting Postponed to 5/4/05 at 5 pm                                                                 
                         --                                                                                                     
05/04/05       (H)       O&G AT 5:00 PM CAPITOL 124                                                                             
                                                                                                                                
WITNESS REGISTER                                                                                                              
                                                                                                                                
CHARISSE MILLET, Staff to Representative Kohring                                                                                
Alaska State Legislature                                                                                                        
Juneau, Alaska                                                                                                                  
POSITION  STATEMENT:   As committee  aide for  the House  Special                                                               
Committee on Oil and Gas, presented HB 297.                                                                                     
                                                                                                                                
ACTION NARRATIVE                                                                                                              
                                                                                                                                
CHAIR VIC KOHRING  called the House Special Committee  on Oil and                                                             
Gas meeting  to order  at 5:06:24  PM.   Representatives Kohring,                                                             
Rokeberg,  Samuels,  and Gardner  were  present  at the  call  to                                                               
order.                                                                                                                          
                                                                                                                                
HB 297-OIL& GAS EXPLORATION CREDIT & LEASE TERMS                                                                              
                                                                                                                                
5:06:55 PM                                                                                                                    
                                                                                                                                
CHAIR KOHRING announced that the  only order of business would be                                                               
HOUSE  BILL   NO.  297  "An   Act  extending  and   amending  the                                                               
requirements applicable  to the  credit that  may be  claimed for                                                               
certain oil and  gas exploration expenses incurred  in Cook Inlet                                                               
against oil and gas properties  production (severance) taxes, and                                                               
amending the  credit against those taxes  for certain exploration                                                               
expenditures from  other leases or  properties in the  state and,                                                               
conditionally, for  exploration expenditures  made in  the Alaska                                                               
Peninsula competitive oil and gas  area wide lease sale area; and                                                               
providing  for an  effective date."   He  said that  HB 297  is a                                                               
reincarnation  of  House  Bill  71, which  provides  back  up  to                                                               
provide the tax  credits the industry feels they need.   He added                                                               
that  this legislation  is also  important to  the administration                                                               
because they brought HB 71  before House Special Committee on Oil                                                               
and Gas  as basically  the centerpiece of  their efforts  to help                                                               
encourage Bristol Bay development.                                                                                              
                                                                                                                                
5:07:09 PM                                                                                                                    
                                                                                                                                
CHARISSE MILLET,  Staff to  Representative Kohring,  Alaska State                                                               
Legislature,  presented  HB  297   on  behalf  of  House  Special                                                               
Committee on  Oil and Gas, sponsor.   She relayed that  HB 297 is                                                               
the  exact same  legislation as  HB 71  which was  passed out  of                                                               
House Finance.  The final version  is to provide credits south of                                                               
the Brooks  Range, excluding the Arctic  National Wildlife Refuge                                                               
(ANWR).                                                                                                                         
                                                                                                                                
5:07:32 PM                                                                                                                    
                                                                                                                                
REPRESENTATIVE  SAMUELS   made  a   motion  to   adopt  committee                                                               
substitute  (CS)  for  HB  297  (O&G),  Version  G,  24-LS0998\G,                                                               
Chenoweth, 5/3/05.   There  being no objection,  CS HB  297 (O&G)                                                               
was before the committee.                                                                                                       
                                                                                                                                
REPRESENTATIVE  SAMUELS  moved to  report  CSHB  297(O&G) out  of                                                               
committee  with individual  recommendations and  the accompanying                                                               
fiscal note.   There being no objection, CSHB  297(O&G) was moved                                                               
out of House Special Committee on Oil and Gas.                                                                                  
                                                                                                                                
ADJOURNMENT                                                                                                                   
                                                                                                                                
5:08:02 PM                                                                                                                    
                                                                                                                                
There being no  further business before the  committee, the House                                                               
Special Committee  on Oil and  Gas meeting was adjourned  at 5:08                                                               
p.m.                                                                                                                            
                                                                                                                                
                                                                                                                                

Document Name Date/Time Subjects