Legislature(2007 - 2008)
2007-11-08 House Journal
Full Journal pdf2007-11-08 House Journal Page 1601 HB 2001 The Resources Committee submitted the following forthcoming committee substitute, received on November 6, 2007, to accompany its report (page 1594): CS FOR HOUSE BILL NO. 2001(RES) "An Act relating to the production tax on oil and gas and to conservation surcharges on oil; providing a limit on the amount of tax that may be levied on the production of certain gas that is produced outside of the Cook Inlet sedimentary basin and south of 68 degrees North latitude; providing a penalty for the underpayment of an installment payment of the production tax on oil and gas; relating to the sharing between agencies of certain information relating to the production tax and to oil and gas or gas only leases; expanding the period in which the Department of Revenue may assess the amount of oil and gas production tax and conservation surcharges; amending the State Personnel Act to 2007-11-08 House Journal Page 1602 place in the exempt service certain state oil and gas auditors and their immediate supervisors; establishing an oil and gas tax credit fund and authorizing payment from that fund; providing for retroactive application of certain statutory and regulatory provisions relating to the production tax on oil and gas and conservation surcharges on oil; making conforming amendments; and providing for an effective date." The Resources Committee submitted the following forthcoming fiscal note(s) for CSHB 2001(RES): 1. Zero, Dept. of Administration 4. Fiscal, Dept. of Revenue 5. Fiscal, Dept. of Natural Resources HB 2001 is in the Finance Committee.