Legislature(2005 - 2006)
2006-02-21 House Journal
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Full Journal pdf2006-02-21 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."