2006-07-31                     House Journal                      Page 4260
HB 3003                                                                                           
SPONSOR SUBSTITUTE FOR HOUSE BILL NO. 3003 by                                                       
Representatives Croft, Crawford, and Gruenberg, entitled:                                           
                                                                                                    

2006-07-31                     House Journal                      Page 4261
    "An Act relating to the oil and gas properties production tax;                                  
    providing for a reduction in the amount of taxable production;                                  
    providing for an increase in the tax rate when the average Alaska                               
    North Slope crude oil West Coast price per barrel exceeds $40;                                  
    providing for tax credits based on expenditures for oil and gas                                 
    exploration, gas only exploration, and development wells; and                                   
    providing for an effective date."                                                               
                                                                                                    
was read the first time and referred to the Finance Committee.