Legislature(2007 - 2008)HOUSE FINANCE 519

10/27/2007 02:00 PM House OIL & GAS


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02:03:46 PM Start
02:03:46 PM HB2001
02:04:40 PM Adjourn
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
-- Time Change from 9:00 am --
+= HB2001 OIL & GAS TAX AMENDMENTS TELECONFERENCED
Heard & Held
Committee action on bill
                    ALASKA STATE LEGISLATURE                                                                                  
             HOUSE SPECIAL COMMITTEE ON OIL AND GAS                                                                           
                        October 27, 2007                                                                                        
                           2:03 p.m.                                                                                            
                                                                                                                                
MEMBERS PRESENT                                                                                                               
                                                                                                                                
Representative Kurt Olson, Chair                                                                                                
Representative Nancy Dahlstrom                                                                                                  
Representative Mark Neuman                                                                                                      
Representative Jay Ramras                                                                                                       
Representative Ralph Samuels                                                                                                    
Representative Mike Doogan                                                                                                      
Representative Scott Kawasaki                                                                                                   
                                                                                                                                
MEMBERS ABSENT                                                                                                                
                                                                                                                                
All members present                                                                                                             
                                                                                                                              
OTHER MEMBERS PRESENT                                                                                                         
                                                                                                                                
Representative Bryce Edgmon                                                                                                     
Representative Anna Fairclough                                                                                                  
Representative Lindsey Holmes                                                                                                   
Representative Bob Roses                                                                                                        
Representative Peggy Wilson                                                                                                     
                                                                                                                                
COMMITTEE CALENDAR                                                                                                            
                                                                                                                                
HOUSE BILL NO. 2001                                                                                                             
"An Act  relating to  the production  tax on oil  and gas  and to                                                               
conservation  surcharges  on oil;  relating  to  the issuance  of                                                               
advisory  bulletins and  the  disclosure  of certain  information                                                               
relating to the  production tax and the  sharing between agencies                                                               
of certain information relating to  the production tax and to oil                                                               
and gas or  gas only leases; amending the State  Personnel Act to                                                               
place in  the exempt service  certain state oil and  gas auditors                                                               
and their immediate supervisors; establishing  an oil and gas tax                                                               
credit  fund and  authorizing payment  from that  fund; providing                                                               
for retroactive  application of certain statutory  and regulatory                                                               
provisions  relating to  the production  tax on  oil and  gas and                                                               
conservation  surcharges on  oil;  making conforming  amendments;                                                               
and providing for an effective date."                                                                                           
                                                                                                                                
     - HEARD AND HELD                                                                                                           
                                                                                                                                
PREVIOUS COMMITTEE ACTION                                                                                                     
                                                                                                                                
BILL: HB 2001                                                                                                                 
SHORT TITLE: OIL & GAS TAX AMENDMENTS                                                                                           
SPONSOR(s): RULES BY REQUEST OF THE GOVERNOR                                                                                    
                                                                                                                                
10/18/07       (H)       READ THE FIRST TIME - REFERRALS                                                                        
10/18/07       (H)       O&G, RES, FIN                                                                                          
10/19/07       (H)       O&G AT 1:30 PM HOUSE FINANCE 519                                                                       
10/19/07       (H)       Heard & Held                                                                                           
10/19/07       (H)       MINUTE(O&G)                                                                                            
10/20/07       (H)       O&G AT 12:00 AM HOUSE FINANCE 519                                                                      
10/20/07       (H)       Heard & Held                                                                                           
10/20/07       (H)       MINUTE(O&G)                                                                                            
10/21/07       (H)       O&G AT 1:00 PM HOUSE FINANCE 519                                                                       
10/21/07       (H)       Heard & Held                                                                                           
10/21/07       (H)       MINUTE(O&G)                                                                                            
10/22/07       (H)       O&G AT 9:00 AM HOUSE FINANCE 519                                                                       
10/22/07       (H)       Heard & Held                                                                                           
10/22/07       (H)       MINUTE(O&G)                                                                                            
10/23/07       (H)       O&G AT 9:00 AM HOUSE FINANCE 519                                                                       
10/23/07       (H)       Heard & Held                                                                                           
10/23/07       (H)       MINUTE(O&G)                                                                                            
10/24/07       (H)       O&G AT 9:00 AM HOUSE FINANCE 519                                                                       
10/24/07       (H)       Heard & Held                                                                                           
10/24/07       (H)       MINUTE(O&G)                                                                                            
10/25/07       (H)       O&G AT 10:00 AM HOUSE FINANCE 519                                                                      
10/25/07       (H)       Heard & Held                                                                                           
10/25/07       (H)       MINUTE(O&G)                                                                                            
10/26/07       (H)       O&G AT 10:00 AM HOUSE FINANCE 519                                                                      
10/26/07       (H)       Heard & Held                                                                                           
10/26/07       (H)       MINUTE(O&G)                                                                                            
10/27/07       (H)       O&G AT 2:00 PM HOUSE FINANCE 519                                                                       
                                                                                                                                
WITNESS REGISTER                                                                                                              
                                                                                                                                
No witnesses to record                                                                                                          
                                                                                                                                
ACTION NARRATIVE                                                                                                              
                                                                                                                                
CHAIR KURT  OLSON called the  House Special Committee on  Oil and                                                             
Gas  meeting to  order  at 2:03:46  PM.   Representatives  Olson,                                                             
Dahlstrom,  Neuman, Ramras,  Samuels, Doogan,  and Kawasaki  were                                                               
present at the call to  order.  Also present were Representatives                                                               
Edgmon, Fairclough, Holmes, Roses, and Wilson.                                                                                  
                                                                                                                                
HB 2001 - OIL & GAS TAX AMENDMENTS                                                                                            
                                                                                                                                
2:03:46 PM                                                                                                                    
                                                                                                                                
CHAIR OLSON  announced that the  only order of business  would be                                                               
HOUSE BILL  NO. 2001, "An Act  relating to the production  tax on                                                               
oil and  gas and to  conservation surcharges on oil;  relating to                                                               
the issuance of advisory bulletins  and the disclosure of certain                                                               
information  relating  to  the production  tax  and  the  sharing                                                               
between  agencies   of  certain   information  relating   to  the                                                               
production tax  and to oil and  gas or gas only  leases; amending                                                               
the State  Personnel Act to  place in the exempt  service certain                                                               
state  oil  and gas  auditors  and  their immediate  supervisors;                                                               
establishing  an oil  and  gas tax  credit  fund and  authorizing                                                               
payment from that fund; providing  for retroactive application of                                                               
certain  statutory  and  regulatory provisions  relating  to  the                                                               
production  tax on  oil and  gas and  conservation surcharges  on                                                               
oil;  making   conforming  amendments;   and  providing   for  an                                                               
effective date."                                                                                                                
                                                                                                                                
2:04:40 PM                                                                                                                    
                                                                                                                                
REPRESENTATIVE  SAMUELS moved  to  adopt  the proposed  committee                                                               
substitute  (CS)  for  HB  2001,  Version  25-GH0014\K,  Bullock,                                                               
10/27/07, as  the working  document.   There being  no objection,                                                               
Version K, was before the committee.                                                                                            
                                                                                                                                
CHAIR  OLSON  stated  his  optimism concerning  Version  K.    He                                                               
provided  that   his  intent  is   to  allow  the   committee  an                                                               
opportunity  to  review  the  CS,  and not  to  pass  it  out  of                                                               
committee today.  He called for  any amendments to be drafted and                                                               
made available to his office prior to [the bill's next hearing].                                                                
                                                                                                                                
[HB 2001, Version K, was held over.]                                                                                            
                                                                                                                                
ADJOURNMENT                                                                                                                   
                                                                                                                                
There being no  further business before the  committee, the House                                                               
Special Committee  on Oil and  Gas meeting was adjourned  at 2:06                                                               
p.m.                                                                                                                            

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