2006-02-03                     House Journal                      Page 2420
HB 294                                                                                            
The House Special Committee on Oil & Gas has considered:                                            
                                                                                                    
    HOUSE BILL NO. 294                                                                              
    "An Act amending and extending the exploration and                                              
    development incentive tax credit under the Alaska Net Income                                    
    Tax Act for operators and working interest owners directly                                      
    engaged in the exploration for and development of gas for                                       
    delivery and sale from a lease or property in the state; providing                              
    for an effective date by amending the effective date for sec. 2, ch.                            
    61, SLA 2003; and providing for an effective date."                                             
                                                                                                    
and recommends it be replaced with:                                                                 
                                                                                                    

2006-02-03                     House Journal                      Page 2421
    CS FOR HOUSE BILL NO. 294(O&G)                                                                  
    (same title)                                                                                    
                                                                                                    
The report was signed by Representative Kohring, Chair, with the                                    
following individual recommendations:                                                               
                                                                                                    
Do pass (1):  Kohring                                                                               
                                                                                                    
No recommendation (3):  Samuels, Rokeberg, Dahlstrom                                                
                                                                                                    
The following fiscal note(s) apply to CSHB 294(O&G):                                                
                                                                                                    
1.  Zero, Dept. of Revenue                                                                          
                                                                                                    
HB 294 was referred to the Resources Committee.