2006-02-21                     House Journal                      Page 2599
The proposed new production tax on net value, and related provisions                                
of the bill, would apply prospectively, as of July 1, 2006.  The bill has                           
an immediate effective date for other purposes.                                                     
                                                                                                    
This bill will greatly improve Alaska's oil and gas tax system,                                     
encouraging investment in the state, making tax administration more                                 
predictable, better reflecting the variable economics of oil and gas                                
development, and providing Alaskans with a fairer share of the value                                
of the oil and gas taken out of the ground in our state.  I urge your                               
prompt and favorable action on this legislation.                                                    
                                                                                                    
                                 Sincerely yours,                                                   
                                 /s/                                                                
                                 Frank H. Murkowski                                                 
                                  Governor"                                                        
                                                                                                    
                             UNFINISHED BUSINESS                                                 
                                                                                                    
HB 398                                                                                            
The Community & Regional Affairs Committee submitted the                                            
following corrected committee substitute to accompany their report                                  
(page 2559):                                                                                        
                                                                                                    
     CS FOR HOUSE BILL NO. 398(CRA)                                                                 
     "An Act relating to disposition of revenue from certain charges                                
     collected on valuable mineral deposits on land belonging to the                                
     state and subject to location, license, lease, discovery, or the right                         
     to prospect for the extraction of natural resources under the Alaska                           
     Land Act, and to aid to municipalities to offset the anticipated                               
     effect of lessees' exploration or location activities on land made                             
     subject to extraction of valuable mineral deposits; and providing                              
     for an effective date."                                                                        
                                                                                                    
HB 398 is in the Finance Committee.                                                                 
                                                                                                    
HB 271                                                                                            
Representative Elkins added his name as cosponsor to:                                               
                                                                                                    
     HOUSE BILL NO. 271                                                                             
     "An Act relating to limitations on overtime for registered nurses in                           
     health care facilities; and providing for an effective date."