2005-01-12                     House Journal                      Page 0058
Under the Order and this bill, duties related to the Alaska BIDCO Act                               
under AS 10.13 and required statements of financial conditions of                                   
business entities would not be moved to the division of occupational                                
licensing, although references in AS 10.13 to the Division of Banking,                              
Securities, and Corporations would be changed by the bill to refer to                               
the department rather than the currently named division.                                            
                                                                                                    
I urge your prompt and favorable action on this measure.                                            
                                                                                                    
                                Sincerely yours,                                                    
                                /s/                                                                 
                                Frank H. Murkowski                                                  
                                Governor"                                                          
                                                                                                    
HB 71                                                                                             
HOUSE BILL NO. 71 by the House Rules Committee by request of                                        
the Governor, entitled:                                                                             
                                                                                                    
     "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."                                                                                         
                                                                                                    
was read the first time and referred to the House Special Committee on                              
Ways & Means, the House Special Committee on Oil & Gas and the                                      
Resources and Finance Committees.                                                                   
                                                                                                    
The following fiscal note(s) apply:                                                                 
                                                                                                    
1.  Indeterminate, Dept. of Natural Resources                                                       
2.  Zero, Dept. of Revenue                                                                          
                                                                                                    
The Governor's transmittal letter dated January 11, 2005, follows:                                  
                                                                                                    
"Dear Speaker Harris:                                                                               
                                                                                                    
Under the authority of art. III, sec. 18, of the Alaska Constitution, I am                          
transmitting a bill relating to a credit for certain exploration expenses