00                   HOUSE CONCURRENT RESOLUTION NO. 29                                                                   
01 Suspending Rules 24(c), 35, 41(b), and 42(e), Uniform Rules of the Alaska State                                         
02 Legislature, concerning Senate Bill No. 305, providing that the tax rate applicable to the                              
03 production of oil as the average production tax value of oil, gas produced in the Cook                                  
04 Inlet sedimentary basin, and gas produced outside of the Cook Inlet sedimentary basin                                   
05 and used in the state increases above $30 shall be 0.4 percent multiplied by the number                                 
06 that represents the difference between that average monthly production tax value and                                    
07 $30, or the sum of 25 percent and the product of 0.1 percent multiplied by the number                                   
08 that represents the difference between that average monthly production tax value and                                    
09 $92.50, except that the total rate determined in the calculation may not exceed 50                                      
10 percent; providing for an increase in the rate of tax on the production of gas as the                                   
11 average production tax value on a BTU equivalent barrel basis of gas produced outside                                   
12 of the Cook Inlet sedimentary basin and not used in the state increases above $30;                                      
13 relating to payments of the oil and gas production tax; relating to availability of a                                   

01 portion of the money received from the tax on oil and gas production for appropriation                                  
02 to the community revenue sharing fund; and relating to the allocation of lease                                          
03 expenditures and adjustments to lease expenditures.                                                                     
04 BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                               
05       That under Rule 54, Uniform Rules of the Alaska State Legislature, the provisions of                              
06 Rules 24(c), 35, 41(b), and 42(e), Uniform Rules of the Alaska State Legislature, regarding                             
07 changes to the title of a bill, are suspended in consideration of Senate Bill No. 305, providing                        
08 that the tax rate applicable to the production of oil as the average production tax value of oil,                       
09 gas produced in the Cook Inlet sedimentary basin, and gas produced outside of the Cook Inlet                            
10 sedimentary basin and used in the state increases above $30 shall be 0.4 percent multiplied by                          
11 the number that represents the difference between that average monthly production tax value                             
12 and $30, or the sum of 25 percent and the product of 0.1 percent multiplied by the number                               
13 that represents the difference between that average monthly production tax value and $92.50,                            
14 except that the total rate determined in the calculation may not exceed 50 percent; providing                           
15 for an increase in the rate of tax on the production of gas as the average production tax value                         
16 on a BTU equivalent barrel basis of gas produced outside of the Cook Inlet sedimentary basin                            
17 and not used in the state increases above $30; relating to payments of the oil and gas                                  
18 production tax; relating to availability of a portion of the money received from the tax on oil                         
19 and gas production for appropriation to the community revenue sharing fund; and relating to                             
20 the allocation of lease expenditures and adjustments to lease expenditures.