2005-04-21                     House Journal                      Page 1190
CSHB 33(FIN) will advance to third reading on tomorrow's calendar.                                  
                                                                                                    
HB 71                                                                                             
The following was read the second time:                                                             
                                                                                                    
    HOUSE BILL NO. 71                                                                               
    "An Act relating to a credit for certain exploration expenses                                   
    against oil and gas properties production taxes on oil and gas                                  
    produced from a lease or property in the state; relating to the                                 
    deadline for certain exploration expenditures used as credits                                   
    against production tax on oil and gas produced from a lease or                                  
    property in the Alaska Peninsula competitive oil and gas areawide                               
    lease sale area after July 1, 2004; and providing for an effective                              
    date."                                                                                          
                                                                                                    
with the:                                                  Journal Page                             
                                                                                                    
 W&M RPT CS(W&M) NT 3DP 1AM                                          304                            
 FN1: INDETERMINATE(DNR)                                             305                            
 FN2: ZERO(REV)                                                      305                            
 O&G RPT CS(O&G) NT 1DP 5NR                                          666                            
 FN1: INDETERMINATE(DNR)                                             667                            
 FN2: ZERO(REV)                                                      667                            
 RES RPT CS(RES) NT 3DP 5NR                                          860                            
 FN1: INDETERMINATE(DNR)                                             860                            
 FN2: ZERO(REV)                                                      860                            
 FIN RPT CS(FIN) NT 5DP 2NR                                        1098                             
 FN2: ZERO(REV)                                                    1098                             
 FN3: INDETERMINATE(DNR)                                           1098                             
                                                                                                    
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. 71(FIN)                                                                   
    "An Act 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."