2006-03-30                     Senate Journal                      Page 2623
                          Standing Committee Reports                                             
                                                                                                    
SB 248                                                                                            
The Community and Regional Affairs Committee considered                                             
SENATE BILL NO. 248 "An Act relating to administrative boroughs;                                    
relating to municipal school districts; relating to standards for                                   
incorporation of boroughs and unified municipalities; eliminating                                   
obsolete provisions relating to a third class borough and making                                    
technical changes to statutes relating to regional educational                                      
attendance areas; and relating to new borough grants for certain newly                              
incorporated boroughs and unified municipalities." Signing no                                       
recommendation: Senator Stedman, Chair; Senator Wagoner. Signing                                    
do pass: Senator Gary Stevens.                                                                      
                                                                                                    
The following fiscal information was published today:                                               
 Fiscal Note No. 1, Department of Commerce, Community and                                           
       Economic Development                                                                         
                                                                                                    
The bill was referred to the Finance Committee.                                                     
                                                                                                    
SB 305                                                                                            
The Resources Committee considered SENATE BILL NO. 305 "An                                          
Act repealing the oil production tax and gas production tax and                                     
providing for a production tax on the net value of oil and gas; relating                            
to the relationship of the production tax to other taxes; relating to the                           
dates tax payments and surcharges are due under AS 43.55; relating to                               
interest on overpayments under AS 43.55; relating to the treatment of                               
oil and gas production tax in a producer's settlement with the royalty                              
owner; relating to flared gas, and to oil and gas used in the operation                             
of a lease or property, under AS 43.55; relating to the prevailing value                            
of oil or gas under AS 43.55; providing for tax credits against the tax                             
due under AS 43.55 for certain expenditures, losses, and surcharges;                                
relating to statements or other information required to be filed with or                            
furnished to the Department of Revenue, and relating to the penalty for                             
failure to file certain reports, under AS 43.55; relating to the powers of                          
the Department of Revenue, and to the disclosure of certain                                         
information required to be furnished to the Department of Revenue,                                  
under AS 43.55; relating to criminal penalties for violating conditions                             
governing access to and use of confidential information relating to the                             
oil and gas production tax; relating to the deposit of money collected