Legislature(2017 - 2018)BARNES 124
07/15/2017 01:00 PM Senate CONFERENCE COMMITTEE ON HB 111
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| Audio | Topic |
|---|---|
| Start | |
| HB111 | |
| Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
| += | HB 111 | TELECONFERENCED | |
ALASKA STATE LEGISLATURE
CONFERENCE COMMITTEE ON HB 111
July 15, 2017
9:22 p.m.
MEMBERS PRESENT
Representative Geran Tarr, Chair
Representative Andy Josephson
Representative David Talerico
Senator Cathy Giessel, Chair
Senator Bert Stedman
Senator Donald Olson
MEMBERS ABSENT
All members present
OTHER MEMBERS PRESENT
Representative Gabrielle LeDoux
Representative Matt Claman
Representative Paul Seaton
Representative Neal Foster
Representative Dan Ortiz
Representative Dean Westlake
Representative Lora Reinbold
Representative Jennifer Johnston
Representative Dan Saddler
Senator Dennis Egan
Senator Berta Gardner
Senator Gary Stevens
Senator David Wilson
Senator Anna MacKinnon
Senator Peter Micciche
COMMITTEE CALENDAR
HOUSE BILL NO. 111
"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; and providing for an
effective date.
- MOVED CCS HB 111 OUT OF COMMITTEE
PREVIOUS COMMITTEE ACTION
BILL: HB 111
SHORT TITLE: OIL & GAS PRODUCTION TAX;PAYMENTS;CREDITS
SPONSOR(s): RESOURCES
02/08/17 (H) READ THE FIRST TIME - REFERRALS
02/08/17 (H) RES, FIN
02/08/17 (H) TALERICO OBJECTED TO INTRODUCTION
02/08/17 (H) INTRODUCTION RULED IN ORDER
02/08/17 (H) SUSTAINED RULING OF CHAIR Y23 N15 E2
02/08/17 (H) RES AT 1:00 PM BARNES 124
02/08/17 (H) Heard & Held
02/08/17 (H) MINUTE(RES)
02/13/17 (H) RES AT 1:00 PM BARNES 124
02/13/17 (H) Heard & Held
02/13/17 (H) MINUTE(RES)
02/17/17 (H) RES AT 1:00 PM BARNES 124
02/17/17 (H) Heard & Held
02/17/17 (H) MINUTE(RES)
02/20/17 (H) RES AT 1:00 PM BARNES 124
02/20/17 (H) Heard & Held
02/20/17 (H) MINUTE(RES)
02/22/17 (H) RES AT 1:00 PM BARNES 124
02/22/17 (H) Heard & Held
02/22/17 (H) MINUTE(RES)
02/22/17 (H) RES AT 6:30 PM BARNES 124
02/22/17 (H) Heard & Held
02/22/17 (H) MINUTE(RES)
02/24/17 (H) RES AT 1:00 PM BARNES 124
02/24/17 (H) Heard & Held
02/24/17 (H) MINUTE(RES)
02/27/17 (H) RES AT 1:00 PM BARNES 124
02/27/17 (H) Heard & Held
02/27/17 (H) MINUTE(RES)
02/27/17 (H) RES AT 7:00 PM CAPITOL 106
02/27/17 (H) Heard & Held
02/27/17 (H) MINUTE(RES)
03/01/17 (H) RES AT 1:00 PM BARNES 124
03/01/17 (H) Heard & Held
03/01/17 (H) MINUTE(RES)
03/01/17 (H) RES AT 6:00 PM BARNES 124
03/01/17 (H) Heard & Held
03/01/17 (H) MINUTE(RES)
03/06/17 (H) RES AT 1:00 PM BARNES 124
03/06/17 (H) Scheduled but Not Heard
03/06/17 (H) RES AT 6:30 PM BARNES 124
03/06/17 (H) Heard & Held
03/06/17 (H) MINUTE(RES)
03/08/17 (H) RES AT 1:00 PM BARNES 124
03/08/17 (H) Heard & Held
03/08/17 (H) MINUTE(RES)
03/08/17 (H) RES AT 6:00 PM BARNES 124
03/08/17 (H) Heard & Held
03/08/17 (H) MINUTE(RES)
03/09/17 (H) RES AT 5:00 PM BARNES 124
03/09/17 (H) -- MEETING CANCELED --
03/10/17 (H) RES AT 1:00 PM BARNES 124
03/10/17 (H) Heard & Held
03/10/17 (H) MINUTE(RES)
03/11/17 (H) RES AT 12:00 AM BARNES 124
03/11/17 (H) -- MEETING CANCELED --
03/13/17 (H) RES AT 1:00 PM BARNES 124
03/13/17 (H) <Bill Held Over from 3/11/17>
03/14/17 (H) RES AT 3:00 PM BARNES 124
03/14/17 (H) -- Continued from 3/13/17 Meeting at
1:00 PM --
03/15/17 (H) RES RPT CS(RES) NT 4DP 4DNP 1AM
03/15/17 (H) DP: PARISH, DRUMMOND, JOSEPHSON, TARR
03/15/17 (H) DNP: TALERICO, BIRCH, RAUSCHER, JOHNSON
03/15/17 (H) AM: WESTLAKE
03/20/17 (H) FIN AT 1:30 PM HOUSE FINANCE 519
03/20/17 (H) Heard & Held
03/20/17 (H) MINUTE(FIN)
03/21/17 (H) FIN AT 9:00 AM HOUSE FINANCE 519
03/21/17 (H) Heard & Held
03/21/17 (H) MINUTE(FIN)
03/21/17 (H) FIN AT 1:30 PM HOUSE FINANCE 519
03/21/17 (H) Heard & Held
03/21/17 (H) MINUTE(FIN)
03/22/17 (H) FIN AT 9:00 AM HOUSE FINANCE 519
03/22/17 (H) -- Continued from 3/21/17 at 1:30 PM --
03/22/17 (H) FIN AT 1:30 PM HOUSE FINANCE 519
03/22/17 (H) Heard & Held
03/22/17 (H) MINUTE(FIN)
03/23/17 (H) FIN AT 1:30 PM HOUSE FINANCE 519
03/23/17 (H) Heard & Held
03/23/17 (H) MINUTE(FIN)
03/24/17 (H) FIN AT 1:30 PM HOUSE FINANCE 519
03/24/17 (H) Heard & Held
03/24/17 (H) MINUTE(FIN)
03/25/17 (H) FIN AT 10:00 AM HOUSE FINANCE 519
03/25/17 (H) Heard & Held
03/25/17 (H) MINUTE(FIN)
03/27/17 (H) FIN AT 1:30 PM HOUSE FINANCE 519
03/27/17 (H) Heard & Held
03/27/17 (H) MINUTE(FIN)
04/07/17 (H) FIN AT 1:30 PM HOUSE FINANCE 519
04/07/17 (H) Heard & Held
04/07/17 (H) MINUTE(FIN)
04/08/17 (H) FIN AT 1:00 PM HOUSE FINANCE 519
04/08/17 (H) Moved CSHB 111(FIN) Out of Committee
04/08/17 (H) MINUTE(FIN)
04/09/17 (H) FIN RPT CS(FIN) NT 4DP 4DNP 2NR 1AM
04/09/17 (H) DP: GARA, GUTTENBERG, SEATON, FOSTER
04/09/17 (H) DNP: WILSON, THOMPSON, PRUITT, TILTON
04/09/17 (H) NR: ORTIZ, GRENN
04/09/17 (H) AM: KAWASAKI
04/10/17 (H) MOVED TO BOTTOM OF CALENDAR
04/11/17 (H) TRANSMITTED TO (S)
04/11/17 (H) VERSION: CSHB 111(FIN)(EFD FLD)
04/12/17 (S) READ THE FIRST TIME - REFERRALS
04/12/17 (S) RES, FIN
04/13/17 (S) RES WAIVED PUBLIC HEARING NOTICE,RULE
23
04/13/17 (S) FIN WAIVED PUBLIC HEARING NOTICE,RULE
23
04/14/17 (S) RES AT 3:00 PM BUTROVICH 205
04/14/17 (S) Heard & Held
04/14/17 (S) MINUTE(RES)
04/15/17 (S) RES AT 9:00 AM SENATE FINANCE 532
04/15/17 (S) Heard & Held
04/15/17 (S) MINUTE(RES)
04/15/17 (S) FIN AT 9:01 AM SENATE FINANCE 532
04/15/17 (S) <Pending Referral> Uniform Rule 23
Waived
04/15/17 (S) FIN AT 2:00 PM SENATE FINANCE 532
04/15/17 (S) <Pending Referral> Uniform Rule 23
Waived
04/15/17 (S) RES AT 2:00 PM SENATE FINANCE 532
04/15/17 (S) Heard & Held
04/15/17 (S) MINUTE(RES)
04/17/17 (S) RES AT 1:00 PM BUTROVICH 205
04/17/17 (S) Heard & Held
04/17/17 (S) MINUTE(RES)
04/17/17 (S) RES AT 5:00 PM BUTROVICH 205
04/17/17 (S) Heard & Held
04/17/17 (S) MINUTE(RES)
04/18/17 (S) RES AT 2:00 PM BUTROVICH 205
04/18/17 (S) Heard & Held
04/18/17 (S) MINUTE(RES)
04/19/17 (S) RES AT 2:00 PM BUTROVICH 205
04/19/17 (S) Heard & Held
04/19/17 (S) MINUTE(RES)
04/20/17 (S) RES AT 2:00 PM BUTROVICH 205
04/20/17 (S) -- MEETING CANCELED --
04/21/17 (S) RES AT 2:00 PM BUTROVICH 205
04/21/17 (S) -- MEETING CANCELED --
04/24/17 (S) FIN AT 9:00 AM SENATE FINANCE 532
04/24/17 (S) -- MEETING CANCELED --
04/24/17 (S) RES AT 2:00 PM BUTROVICH 205
04/24/17 (S) Moved SCS CSHB 111(RES) Out of
Committee
04/24/17 (S) MINUTE(RES)
04/25/17 (S) RES RPT SCS 4DP 2NR NEW TITLE
04/25/17 (S) DP: GIESSEL, COGHILL, VON IMHOF, MEYER
04/25/17 (S) NR: HUGHES, STEDMAN
04/25/17 (S) FIN AT 9:00 AM SENATE FINANCE 532
04/25/17 (S) <Bill Hearing Canceled>
04/25/17 (S) RES AT 3:30 PM BUTROVICH 205
04/25/17 (S) -- MEETING CANCELED --
04/26/17 (S) FIN AT 9:00 AM SENATE FINANCE 532
04/26/17 (S) Heard & Held
04/26/17 (S) MINUTE(FIN)
04/26/17 (S) RES AT 2:00 PM BUTROVICH 205
04/26/17 (S) -- MEETING CANCELED --
04/27/17 (S) FIN AT 9:00 AM SENATE FINANCE 532
04/27/17 (S) Heard & Held
04/27/17 (S) MINUTE(FIN)
04/27/17 (S) RES AT 3:30 PM BUTROVICH 205
04/27/17 (S) -- MEETING CANCELED --
04/28/17 (S) FIN AT 9:00 AM SENATE FINANCE 532
04/28/17 (S) Heard & Held
04/28/17 (S) MINUTE(FIN)
04/28/17 (S) RES AT 2:00 PM BUTROVICH 205
04/28/17 (S) -- MEETING CANCELED --
04/29/17 (S) FIN AT 9:00 AM SENATE FINANCE 532
04/29/17 (S) Heard & Held
04/29/17 (S) MINUTE(FIN)
05/01/17 (S) FIN AT 9:00 AM SENATE FINANCE 532
05/01/17 (S) -- MEETING CANCELED --
05/02/17 (S) FIN AT 9:00 AM SENATE FINANCE 532
05/02/17 (S) -- MEETING CANCELED --
05/03/17 (S) FIN AT 9:00 AM SENATE FINANCE 532
05/03/17 (S) -- MEETING CANCELED --
05/04/17 (S) FIN AT 9:00 AM SENATE FINANCE 532
05/04/17 (S) Heard & Held
05/04/17 (S) MINUTE(FIN)
05/05/17 (S) FIN AT 9:00 AM SENATE FINANCE 532
05/05/17 (S) Heard & Held
05/05/17 (S) MINUTE(FIN)
05/06/17 (S) FIN AT 9:00 AM SENATE FINANCE 532
05/06/17 (S) -- MEETING CANCELED --
05/09/17 (S) FIN AT 9:00 AM SENATE FINANCE 532
05/09/17 (S) <Bill Hearing Canceled>
05/10/17 (S) FIN AT 9:00 AM SENATE FINANCE 532
05/10/17 (S) <Bill Hearing Canceled>
05/11/17 (S) FIN AT 9:00 AM SENATE FINANCE 532
05/11/17 (S) Heard & Held
05/11/17 (S) MINUTE(FIN)
05/12/17 (S) FIN RPT SCS 4DP 2NR 1AM NEW TITLE
05/12/17 (S) DP: MACKINNON, BISHOP, VON IMHOF,
HUGHES
05/12/17 (S) NR: HOFFMAN, MICCICHE
05/12/17 (S) AM: OLSON
05/12/17 (S) FIN AT 9:00 AM SENATE FINANCE 532
05/12/17 (S) Moved SCS CSHB 111(FIN) Out of
Committee
05/12/17 (S) MINUTE(FIN)
05/13/17 (S) FIN SCS ADOPTED Y15 N3 E2
05/13/17 (S) FIN AT 9:00 AM SENATE FINANCE 532
05/13/17 (S) -- MEETING CANCELED --
05/15/17 (S) VERSION: SCS CSHB 111(FIN)
05/18/17 (S) FIRST SPECIAL SESSION BILL
05/18/17 (H) FIRST SPECIAL SESSION BILL
05/22/17 (H) CONFERENCE COMMITTEE APPOINTED
05/22/17 (H) TARR (CHAIR), JOSEPHSON, TALERICO
06/01/17 (S) CONFERENCE COMMITTEE APPOINTED
06/01/17 (S) GIESSEL (CHAIR), STEDMAN, OLSON
06/09/17 (H) HB111 AT 9:00 AM BARNES 124
06/09/17 (H) Heard & Held
06/09/17 (H) MINUTE(HB111)
06/23/17 (S) SECOND SPECIAL SESSION BILL
06/23/17 (H) SECOND SPECIAL SESSION BILL
07/12/17 (H) HB111 AT 3:00 PM Anch LIO Conf Rm
07/12/17 (H) Heard & Held
07/12/17 (H) MINUTE(HB111)
07/15/17 (H) HB111 AT 1:00 PM BARNES 124
WITNESS REGISTER
No witnesses to record.
ACTION NARRATIVE
9:22:45 PM
CHAIR GERAN TARR called the meeting to order at 9:22 p.m.
Representatives Tarr, Josephson, and Talerico and Senators
Olson, Stedman and Giessel were present at the call to order.
Also in attendance were Representatives LeDoux, Claman, Seaton,
Foster, Ortiz, Westlake, Reinbold, Johnston, and Saddler and
Senators Egan, Gardner, Stevens, Wilson, MacKinnon, and
Micciche.
HB 111-OIL & GAS PRODUCTION TAX;PAYMENTS;CREDITS
9:22:58 PM
CHAIR TARR announced that the only order of business would be
HOUSE BILL NO. 111, ""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; and
providing for an effective date."
[Before the committee were the CSHB 111(FIN) and SCS CSHB
111(FIN).]
9:23:00 PM
CHAIR TARR advised that the Alaska House of Representatives and
the Senate had approved SCR 202, allowing the committee to take
official action on HB 111. She briefly explained the points of
agreement and major features of the bill to include as follows:
the end of cash credits statewide, effective July 1, 2017;
establish a carry forward annual loss program allowing 100
percent of the carry forward lease expenditures to be deducted
in the calculation of future production taxes once the property
comes into production; ring fencing that ensures carry forward
lease expenditures may only be deducted in the calculation of
future taxes after the project that incurred those expenses also
comes into regular production; a down lift starting after the
tenth year a lease expenditure had been carried forward on a
non-producing property, or seventh year for a property in
production, will be reduced in value by 10 percent based on the
value of the preceding year; establish a working group to
address oil and gas tax issues with new consultants; allow
application of unpaid credits toward corporate income taxes and
production tax audits with certain limitations, such as the CVR
language; interest rates at 5.25 percent above the federal
reserve rate; and technical amendments, suggested by the
Department of Revenue, related to retroactive regulation making
to accommodate the July 1, 2017 effective date for the end of
the cash credits, as well as the CVR language to clarify
limitations.
9:25:08 PM
CHAIR TARR explained that the proposed conference committee bill
makes changes to the versions passed in the House of
Representatives and the Senate and therefore requires limited
powers of free conference, detailed in a memorandum the
committee will sign. She explained that Sec. 38 is entirely new
and provides transition language to allow for the retroactive
regulation making to accommodate the July 1, 2017 effective date
for the elimination of cash credits and therefore requires free
conference powers. Chair Tarr entertained a motion to request
the necessary limited and free conference powers.
9:25:40 PM
CHAIR GIESSEL made a motion that the committee pass limited
powers of free conference for HB 111, and that Uniform Rules
42(a) and 42(b) be suspended relating to tax credits eligible
for purchase by the state during calendar year 2017. There
being no objection, the motion passed.
9:26:19 PM
The committee took an at-ease from 9:26 p.m. to 9:28 p.m.
9:28:01 PM
CHAIR GIESSEL made a motion that pursuant to receiving the
powers and suspension of the Uniform Rules as requested, the
Conference Committee on HB 111 recommends that the House of
Representatives and the Senate adopt CCSHB 111, Version 30-
LS0450\OO, Shutts/Nauman, 7/15/17, and its forthcoming fiscal
notes, with individual recommendations.
CHAIR TARR advised that the motion before the committee is to
send the report to its respective bodies recommending the
approval of Conference CSHB 111, Version 30-LS0450\OO.
9:29:10 PM
A roll call vote was taken. Representatives Tarr, Josephson,
and Talerico and Senators Giessel, Stedman, and Olson voted in
favor of passing Conference CSHB 111, Version 30-LS0450\OO, with
its forthcoming fiscal notes, to the committee's respective
bodies. There being no objection, Conference CSHB 111 passed
out of the Conference Committee on CCS HB 111.
9:30:02 PM
ADJOURNMENT
There being no further business before the committee, the
Conference Committee on HB 111 meeting was adjourned at 9:30
p.m.
| Document Name | Date/Time | Subjects |
|---|---|---|
| HB111 CCS Comparison 2017.07.15.pdf |
JHB111 7/15/2017 1:00:00 PM |
HB 111 |
| CCCSHB 111-Version O.pdf |
JHB111 7/15/2017 1:00:00 PM |
HB 111 |