Legislature(2011 - 2012)BELTZ 105 (TSBldg)
03/01/2012 03:30 PM Senate COMMUNITY & REGIONAL AFFAIRS
Audio | Topic |
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Start | |
SB148 | |
SB204 | |
SB152 | |
Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
*+ | SB 204 | TELECONFERENCED | |
+ | TELECONFERENCED | ||
+ | TELECONFERENCED | ||
= | SB 148 | ||
= | SB 152 | ||
SB 148-GAS PIPELINE PROPERTY TAX EXEMPTION 3:36:18 PM CHAIR OLSON announced the consideration of SB 148 and asked Mr. Scott to explain the committee substitute (CS). DAVID SCOTT, Staff, Senator Donald Olson, Alaska State Legislature and Aide, CRA Committee, said version I committee substitute (CS) makes three changes. First, the legislation sunsets in 10 years. The idea was that this would spur a company to act to take advantage of the tax exemption. Second, language on page 4, lines 27-28, clarifies that the pipeline must transport the gas to market for sale. Third, language on page 5, lines 7-8, clarifies that the state will assess the 0.5 bcf/day pipeline when it assesses the pipeline transportation systems. CHAIR OLSON asked if the sponsor approved of the 10-year sunset. MR. SCOTT answered that the sponsor did not object. CHAIR OLSON asked if he or the sponsor had heard from any boroughs or landowners that would be affected by the property tax exemption. MR. SCOTT said no. CHAIR OLSON asked the reason for the third change. MR. SCOTT answered that the state assessor brought that suggestion forward. Current statute requires the state assessor to find the full and true value of oil and gas pipeline systems and the assessor wanted to clarify that the 0.5 bcf/day pipeline also needed to be assessed. 3:40:42 PM MICHELLE SYDEMAN, Staff, Senator Bill Wielechowski, Alaska State Legislature, said the sponsor was comfortable with the changes made in the CS for SB 148. The third change was an amendment the sponsor brought to the committee to alleviate the problem that had come up with TAPS, which was that local governments have different ideas about the value of an asset. The state assessor would provide a uniform valuation for the asset. The sponsor also requested the requirement to transport the gas to market so the state doesn't give a tax deferral to move gas from one production facility to another. The intention was that the gas would serve Alaskans. With regard to the sunset, she said the sponsor appreciated that the committee wanted to create a sense of urgency to act but she imagined that the Resources Committee would take up that issue, because some people may think it should be longer. CHAIR OLSON found no further questions or discussion and asked for a motion to adopt the CS. 3:42:20 PM SENATOR KOOKESH moved to adopt the CS for SB 148, labeled 27- LS0990\I. CHAIR OLSON found no objection and announced that version I was adopted. He asked the will of the committee. 3:42:42 PM SENATOR KOOKESH moved to report [CS for] SB 148 from committee with individual recommendations and attached fiscal note(s). 3:42:53 PM CHAIR OLSON announced that without objection CSSB 148(CRA) moved from the Senate Community and Regional Affairs Standing Committee.
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