00 Enrolled SR 201                                                                                                         
01 Supporting the ongoing review of and the gathering of information related to the state's oil                            
02 and gas fiscal policy; and expressing an intention, in a good faith effort with the House of                            
03 Representatives, to evaluate and act on the recommendations of the oil and gas fiscal policy                            
04 experts recently retained by the Legislative Budget and Audit Committee.                                                
05                                         _______________                                                                 
06 BE IT RESOLVED BY THE SENATE:                                                                                         
07      WHEREAS both the Senate and the House of Representatives passed legislation                                        
08 amending the state's oil and gas production tax policies during the First Regular Session of the                        
09 Thirtieth Alaska State Legislature; and                                                                                 
10      WHEREAS legislation passed this year would establish a bipartisan working group                                    
11 with co-chairs from the Senate and the House of Representatives; and                                                    
12      WHEREAS the working group would be equally directed by the co-chairs of the                                        
13 Senate and the House of Representatives; and                                                                            
14      WHEREAS the Legislative Budget and Audit Committee met on May 8, 2017, and                                         
15 retained three experts to analyze and provide recommendations on the state's oil and gas fiscal                         
16 systems; and                                                                                                            
01      WHEREAS the Senate believes it is critical to the future of the state that the                                     
02 legislature consider the recommendations of oil and gas fiscal policy experts before changing                           
03 the state's oil and gas fiscal policy; and                                                                              
04      WHEREAS the development of oil and gas fiscal policy requires coordination by                                      
05 multiple state agencies and commissions to gather and communicate information to the                                    
06 legislature and the public on an annual and recurring basis; and                                                        
07      WHEREAS pertinent information to consider when developing oil and gas fiscal                                       
08 policy includes the potential amount of revenue produced for the state treasury, estimated                              
09 amounts of credits and deductions earned in the state, assessments of the projects undertaken                           
10 and types of work performed, and the estimated number of jobs created or retained in the                                
11 previous year;                                                                                                          
12      BE IT RESOLVED that the Senate supports the ongoing review of and the gathering                                    
13 of information related to the state's oil and gas fiscal policy; and be it                                              
14      FURTHER RESOLVED that the Senate, in a good faith effort with the House of                                         
15 Representatives, intends to evaluate and act on the recommendations of the oil and gas fiscal                           
16 policy experts retained on a nonpartisan basis through the Legislative Budget and Audit                                 
17 Committee.