Short Title OIL& GAS EXPLORATION CREDIT & LEASE TERMS
Sponsor(S) HOUSE RULES BY REQUEST OF THE GOVERNOR
Title "An Act providing standards for the interpretation of certain terms in state oil and gas leases and unit agreements, requiring development, production, processing, and marketing of gas that is determined to meet those standards, and setting a maximum time limit on that activity; extending and amending the requirements applicable to the credit that may be claimed for certain oil and gas exploration expenses incurred in Cook Inlet against oil and gas properties production (severance) taxes, and amending the credit against those taxes for certain exploration expenditures from leases or properties in the state; and providing for an effective date."
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.