2007-11-15                     Senate Journal                      Page 1508
HB 2001                                                                                                                       
The Finance Committee considered CS FOR HOUSE BILL NO.                                                                          
2001(FIN) am "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"                                                              
and recommended it be replaced with                                                                                             
                                                                                                                                
          SENATE CS FOR CS FOR HOUSE BILL NO.                                                                                   
          2001(FIN) "An Act relating to the production tax on                                                                   
          oil and gas and to conservation surcharges on oil;                                                                    
          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                                                                        

2007-11-15                     Senate Journal                      Page 1509
          amount of oil and gas production tax and                                                                              
          conservation surcharges; relating to state oil and gas                                                                
          audit masters; relating to oil and gas auditors and                                                                   
          certain oil and gas auditor supervisors; making                                                                       
          conforming amendments; and providing for an                                                                           
          effective date." (Title change SCR 201)                                                                               
                                                                                                                                
Signing no recommendation: Senators Hoffman, Stedman, Cochairs;                                                                 
Senator Olson. Signing do pass: Senators Elton, Thomas. Signing                                                                 
amend: Senators Dyson, Huggins.                                                                                                 
                                                                                                                                
The following fiscal information was published today:                                                                           
 Fiscal Note No. 9, Department of Revenue                                                                                       
 Fiscal Note No. 10, Department of Revenue                                                                                      
 Fiscal Note No. 11, Department of Natural Resources                                                                            
                                                                                                                                
The following previously published fiscal information applies:                                                                  
 Fiscal Note No. 1, zero, Department of Administration                                                                          
                                                                                                                                
The bill is on today's calendar.