2003-03-31                     House Journal                      Page 0704
HB 61                                                                                             
The Resources Committee has considered:                                                             
                                                                                                    
    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."                                                
                                                                                                    
and recommends it be replaced with:                                                                 
                                                                                                    
    CS FOR HOUSE BILL NO. 61(RES)                                                                   
    "An Act establishing an exploration and development incentive                                   
    tax credit for persons 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."                                                                                
                                                                                                    
The report was signed by Representative Fate, Chair, with the                                       
following individual recommendations:                                                               
                                                                                                    
Do pass (5):  Gatto, Lynn, Morgan, Wolf, Fate                                                       
                                                                                                    

2003-03-31                     House Journal                      Page 0705
No recommendation (2):  Masek, Kerttula                                                             
                                                                                                    
The following fiscal note(s) apply to CSHB 61(RES):                                                 
                                                                                                    
1.  Zero, Dept. of Natural Resources                                                                
2.  Zero, Dept. of Revenue                                                                          
                                                                                                    
HB 61 was referred to the Finance Committee.