Legislature(2007 - 2008)

2007-11-07 Senate Journal

Full Journal pdf

2007-11-07                     Senate Journal                      Page 1487
SB 2001                                                                                                                       
Forthcoming Judiciary Committee Substitute (page 1476) for                                                                      
SENATE BILL NO. 2001 "An Act relating to the production tax on                                                                  
oil and gas and to conservation surcharges on oil; relating to the                                                              
issuance of advisory bulletins and the disclosure of certain information                                                        
relating to the production tax and the sharing between agencies of                                                              
certain information relating to the production tax and to oil and gas or                                                        
gas only leases; amending the State Personnel Act to 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" was                                                                 
received November 5:                                                                                                            
                                                                                                                                
                                                                                                                                

2007-11-07                     Senate Journal                      Page 1488
       CS FOR SENATE BILL NO. 2001(JUD) "An Act                                                                                 
       relating to the production tax on oil and gas and to                                                                     
       conservation surcharges on oil; providing a production                                                                   
       tax limit on certain gas used in the state; relating to the                                                              
       issuance of advisory bulletins and the disclosure of                                                                     
       certain information relating to the production tax and the                                                               
       sharing between agencies of certain information relating                                                                 
       to the production tax and to oil and gas or gas only                                                                     
       leases; amending the State Personnel Act to place in the                                                                 
       exempt service certain state oil and gas audit managers;                                                                 
       providing for civil penalties relating to oil and gas                                                                    
       production tax payments; 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;                                                                       
       identifying certain revenue from the production tax on oil                                                               
       and gas that may be appropriated to the budget reserve                                                                   
       fund; making conforming amendments; and providing for                                                                    
       an effective date."                                                                                                      
                                                                                                                                
Forthcoming fiscal information (page 1476) for the Judiciary                                                                    
Committee Substitute for SENATE BILL NO. 2001 was published                                                                     
November 5:                                                                                                                     
 Fiscal Note No. 5, Department of Revenue