2006-02-17                     Senate Journal                      Page 2236
                  Introduction and Reference of Senate Bills                                     
                                                                                                    
SB 292                                                                                            
SPONSOR SUBSTITUTE FOR SENATE BILL NO. 292 BY                                                       
SENATORS FRENCH, Ellis, Elton, Kookesh, entitled:                                                   
                                                                                                    
          "An Act levying a net profits tax on the production of                                    
          oil, authorizing a tax credit for qualifying exploration                                  
          costs associated with the exploration for and                                             
          development of oil, providing relief from the tax                                         
          when the taxpayer demonstrates that a reduction in                                        
          the tax is necessary to establish or reestablish                                          
          production from an oil field or pool that would not                                       
          otherwise be economically feasible; and repealing the                                     
          currently levied properties production (severance) tax                                    
          as it applies to oil; and providing for an effective                                      
          date."                                                                                    
                                                                                                    
was read the first time and referred to the Resources and Finance                                   
Committees.                                                                                         
                                                                                                    
SB 303                                                                                            
SENATE BILL NO. 303 BY THE SENATE TRANSPORTATION                                                    
COMMITTEE, entitled:                                                                                
                                                                                                    
          "An Act amending the Knik Arm Bridge and Toll                                             
          Authority Act and the powers and authority of the                                         
          authority to finance construction and maintenance of                                      
          the Knik Arm Bridge, to set and collect tolls, and to                                     
          carry out its duties, and making conforming changes                                       
          to statutes relating to issuance, renewal, or                                             
          reinstatement of driver's licenses and to levy on                                         
          permanent fund dividends; and providing for an                                            
          effective date."                                                                          
                                                                                                    
was read the first time and referred to the Transportation and Finance                              
Committees.