ALASKA STATE LEGISLATURE  CONFERENCE COMMITTEE ON HB 111  June 9, 2017 9:00 a.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 LEGISLATORS PRESENT  Representative Dean Westlake Representative Tammie Wilson 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." - HEARD & HELD 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) 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) Uniform Rule 23 Waived 04/15/17 (S) FIN AT 2:00 PM SENATE FINANCE 532 04/15/17 (S) 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) 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) 05/10/17 (S) FIN AT 9:00 AM SENATE FINANCE 532 05/10/17 (S) 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 WITNESS REGISTER No witnesses to record ACTION NARRATIVE 9:00:09 AM CHAIR GERAN TARR called the Conference Committee meeting on HB 111 to order at 9:00 a.m. Representatives Tarr, Josephson, and Talerico, and Senators Giessel, Olson, and Stedman were present at the call to order. Also present were Representatives Westlake and Wilson. HB 111-OIL & GAS PRODUCTION TAX;PAYMENTS;CREDITS  9:00:24 AM CHAIR TARR announced the only order of business would be CS FOR HOUSE BILL NO. 111(FIN)(efd fld), "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; relating to carried-forward lease expenditures based on losses and limiting those lease expenditures to an amount equal to the gross value at the point of production of oil and gas produced from the lease or property where the lease expenditure was incurred; relating to information concerning tax credits, lease expenditures, and oil and gas taxes; relating to the disclosure of that information to the public; relating to an adjustment in the gross value at the point of production; and relating to a legislative working group" and SENATE CS FOR CS FOR HOUSE BILL NO. 111(FIN), "An Act relating to credits against the oil and gas production tax; relating to the applicability of certain credits earned under the oil and gas production tax to the tax on corporations; relating to tax credit certificates against the oil and gas production tax and the issuance and assignment of those certificates; relating to interest applicable to delinquent taxes; relating to lease expenditures; relating to the oil and gas tax credit fund; and providing for an effective date." CHAIR TARR stated the Conference Committee on HB 111 was operating under Uniform Rule 42. 9:00:54 AM REPRESENTATIVE JOSEPHSON moved to adopt the committee substitute (CS) for HB 111(FIN)(efd fld), Version 30-LS0450\L.A. 9:01:13 AM SENATOR GIESSEL objected. 9:01:13 AM A roll call vote was taken. Representatives Josephson and Tarr voted in favor of the motion to adopt CSHB111(FIN)(efd fld). Representative Talerico against it. Senator Olson voted in favor of the motion to adopt CSHB111(FIN)(efd fld). Senators Stedman and Giessel voted against it. Therefore, the motion failed by a vote of 2:1 (House) and 1:2 (Senate). 9:02:05 AM SENATOR GIESSEL moved to adopt SCS for CSHB 111(FIN), Version 30-LS0450\Q. 9:02:08 AM CHAIR TARR objected. 9:02:48 AM A roll call vote was taken. Representative Talerico voted in favor of the motion to adopt SCS CSHB111(FIN). Representatives Josephson and Tarr voted against it. Senators Stedman and Giessel voted in favor of the motion to adopt SCS CSHB111(FIN). Senator Olson voted against it. Therefore, the motion failed by a vote of 1:2 (House) and 2:1 (Senate). 9:02:57 AM CHAIR TARR announced the Conference Committee on HB 111 has failed to adopt either CSHB111(FIN)(efd fld) or SCS CSHB111(FIN). She said the committee will begin work to seek points of agreement, and at the next meeting will discuss both versions of the bill. Documents comparing the multiple issues of the bill have been provided to the committee and are available to the public on the Bill Action Status Inquiry System (BASIS). 9:04:04 AM SENATOR STEDMAN inquired as to the date and time of the next meeting. 9:04:21 AM REPRESENTATIVE TARR suggested [6/12/17]. After a brief discussion, she said the next meeting would be posted on BASIS. [HB 111 was held over.] 9:04:51 AM ADJOURNMENT  There being no further business before the committee, the Conference Committee on HB 111 meeting was adjourned at 9:04 a.m.