Legislature(2005 - 2006)CAPITOL 124

03/08/2006 06:00 PM OIL & GAS


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Audio Topic
06:10:09 PM Start
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
= HB 372 EXPLORATION INCENTIVE CREDITS
Scheduled But Not Heard
= HB 386 EXTEND NORTH SLOPE SEVERANCE TAX CREDIT
Scheduled But Not Heard
                    ALASKA STATE LEGISLATURE                                                                                  
             HOUSE SPECIAL COMMITTEE ON OIL AND GAS                                                                           
                         March 8, 2006                                                                                          
                           6:10 p.m.                                                                                            
                                                                                                                                
MEMBERS PRESENT                                                                                                               
                                                                                                                                
Representative Vic Kohring, Chair                                                                                               
Representative Ralph Samuels                                                                                                    
                                                                                                                                
MEMBERS ABSENT                                                                                                                
                                                                                                                                
Representative Lesil McGuire                                                                                                    
Representative Norman Rokeberg                                                                                                  
Representative Nancy Dahlstrom                                                                                                  
Representative Berta Gardner                                                                                                    
Representative David Guttenberg                                                                                                 
                                                                                                                                
COMMITTEE CALENDAR                                                                                                            
                                                                                                                                
HOUSE BILL NO. 372                                                                                                              
"An  Act delaying  to  June  30, 2010,  the  last  date by  which                                                               
hydrocarbon  exploration geophysical  work must  be performed  or                                                               
drilling of  a stratigraphic test  well or exploratory  well must                                                               
be completed in order for a  person to qualify for an exploration                                                               
incentive  credit under  the oil  and  gas exploration  incentive                                                               
credit that is not authorized by the Alaska Land Act."                                                                          
                                                                                                                                
     - SCHEDULED BUT NOT HEARD                                                                                                  
                                                                                                                                
HOUSE BILL NO. 386                                                                                                              
"An  Act making  uniform throughout  the state  the deadline  for                                                               
certain  exploration expenditures  used  as  credits against  the                                                               
production tax on  oil and gas produced from a  lease or property                                                               
in  the state  by extending  to July  1, 2010,  the deadline  for                                                               
those expenditures  on leases or  properties located north  of 68                                                               
degrees, 15 minutes, North latitude."                                                                                           
                                                                                                                                
     - SCHEDULED BUT NOT HEARD                                                                                                  
                                                                                                                                
PREVIOUS COMMITTEE ACTION                                                                                                     
                                                                                                                                
No previous action to record                                                                                                    
                                                                                                                                
WITNESS REGISTER                                                                                                              
                                                                                                                                
No witnesses to record                                                                                                          
                                                                                                                                
ACTION NARRATIVE                                                                                                              
                                                                                                                                
CHAIR VIC KOHRING called the House Special Committee on Oil and                                                               
Gas meeting to order at 6:10:09 PM.  Representatives Kohring and                                                              
Samuels were present at the call to order.                                                                                      
                                                                                                                                
CHAIR KOHRING announced that the committee wouldn't be                                                                          
conducting any business today.                                                                                                  
                                                                                                                              
ADJOURNMENT                                                                                                                   
                                                                                                                                
There being no further business before the committee, the House                                                                 
Special Committee on Oil and Gas meeting was adjourned at 6:10                                                                  
p.m.                                                                                                                            

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