2007-11-12                     Senate Journal                      Page 1500
HB 2001                                                                                                                       
CS FOR HOUSE BILL NO. 2001(FIN) am BY THE HOUSE                                                                                 
FINANCE COMMITTEE, entitled:                                                                                                    
                                                                                                                                
       "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; 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; prohibiting a producer or                                                                       
       explorer from receiving tax credits if certain judgments                                                                 
       are not satisfied and requiring, as a condition of receiving                                                             
       the tax credits, the deposit of the amount of certain                                                                    
       unpaid judgments and certain interest on those judgments                                                                 
       in the court during an appeal and relating to that interest;                                                             
       relating to state oil and gas audit masters; making                                                                      
       conforming amendments; and providing for an effective                                                                    
       date."                                                                                                                   
                                                                                                                                
was read the first time and referred to the Finance Committee.