2010-04-17                     House Journal                      Page 2438
HCR 29                                                                                                                        
The Speaker stated that, without objection, the following would be                                                              
held to tomorrow's calendar:                                                                                                    
                                                                                                                                

2010-04-17                     House Journal                      Page 2439
     HOUSE CONCURRENT RESOLUTION NO. 29                                                                                         
     Suspending Rules 24(c), 35, 41(b), and 42(e), Uniform Rules of                                                             
     the Alaska State Legislature, concerning Senate Bill No. 305,                                                              
     providing that the tax rate applicable to the production of oil as the                                                     
     average production tax value of oil, gas produced in the Cook                                                              
     Inlet sedimentary basin, and gas produced outside of the Cook                                                              
     Inlet sedimentary basin and used in the state increases above $30                                                          
     shall be 0.4 percent multiplied by the number that represents the                                                          
     difference between that average monthly production tax value and                                                           
     $30, or the sum of 25 percent and the product of 0.1 percent                                                               
     multiplied by the number that represents the difference between                                                            
     that average monthly production tax value and $92.50, except that                                                          
     the total rate determined in the calculation may not exceed 50                                                             
     percent; providing for an increase in the rate of tax on the                                                               
     production of gas as the average production tax value on a BTU                                                             
     equivalent barrel basis of gas produced outside of the Cook Inlet                                                          
     sedimentary basin and not used in the state increases above $30;                                                           
     relating to payments of the oil and gas production tax; relating to                                                        
     availability of a portion of the money received from the tax on oil                                                        
     and gas production for appropriation to the community revenue                                                              
     sharing fund; and relating to the allocation of lease expenditures                                                         
     and adjustments to lease expenditures.