Short Title EXTEND NORTH SLOPE SEVERANCE TAX CREDIT
Sponsor(S) REPRESENTATIVES KOHRING, Holm, Foster, Kelly
Title "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, and expanding the purposes for which use of that credit is allowed; and 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."
Amendments that are adopted are incorporated into the next version of the bill. PDF versions of the amendment may have slight variations from the Journal entry. The Journal should be considered the authoritative version.