2003-04-30                     House Journal                      Page 1203
HB 61                                                                                             
The following was read the second time:                                                             
                                                                                                    
    HOUSE BILL NO. 61                                                                               
    "An Act establishing an exploration and development incentive                                   
    tax credit for persons engaged in the exploration for and                                       
    development of less than 150 barrels of oil or of gas for sale and                              
    delivery without reference to volume from a lease or property in                                
    the state; and providing for an effective date."                                                
                                                                                                    
with the:                                                   Journal Page                            
                                                                                                    
 O&G RPT CS(O&G) NT 5DP 1AM                                           537                           
 FN1: ZERO(DNR)                                                       538                           
 FN2: ZERO(REV)                                                       538                           
 RES RPT CS(RES) NT 5DP 2NR                                           704                           
 FN1: ZERO(DNR)                                                       705                           
 FN2: ZERO(REV)                                                       705                           
 FIN RPT CS(FIN) NT 6DP 2NR                                         1149                            
 FN1: ZERO(DNR)                                                     1150                            
 FN2: ZERO(REV)                                                     1150                            
                                                                                                    
Representative Coghill moved and asked unanimous consent that the                                   
following committee substitute be adopted in lieu of the original bill:                             
                                                                                                    
    CS FOR HOUSE BILL NO. 61(FIN)                                                                   
    "An Act establishing an exploration and development incentive                                   
    tax credit for operators and working interest owners directly                                   
    engaged in the exploration for and development of gas for sale and                              
    delivery without reference to volume from a lease or property in                                
    the state; and providing for an effective date."                                                
                                                                                                    
There being no objection, it was so ordered.                                                        
                                                                                                    
Amendment No. 1 was not offered.                                                                    
                                                                                                    

2003-04-30                     House Journal                      Page 1204
Representative Coghill moved and asked unanimous consent that                                       
CSHB 61(FIN) be considered engrossed, advanced to third reading,                                    
and placed on final passage.                                                                        
                                                                                                    
Objection was heard.                                                                                
                                                                                                    
CSHB 61(FIN) will advance to third reading on tomorrow's calendar.