2010-04-17                     House Journal                      Page 2424
SB 309                                                                                                                        
The following was read the second time:                                                                                         
                                                                                                                                
     CS FOR SENATE BILL NO. 309(FIN)                                                                                            
     "An Act amending and extending the exploration and                                                                         
     development incentive tax credit under the Alaska Net Income                                                               
     Tax Act for operators and working interest owners directly                                                                 
     engaged in the exploration for and development of gas from a                                                               
     lease or property in the state; relating to interest on certain                                                            
     underpayments or overpayments of the oil and gas production tax;                                                           
     providing a credit against the tax on the production of oil and gas                                                        
     for drilling certain exploration wells in the Cook Inlet sedimentary                                                       

2010-04-17                     House Journal                      Page 2425
     basin; relating to the use of the oil and gas tax credit fund to                                                           
     purchase certain tax credit certificates; providing for an effective                                                       
     date by amending the effective date for sec. 2, ch. 61, SLA 2003;                                                          
     and providing for an effective date."                                                                                      
                                                                                                                                
with the:                                                       Journal Page                                                    
                                                                                                                                
 FIN RPT HCS(FIN) 4DP 5NR                                                2407                                                   
 FN2: INDETERMINATE(DNR)                                                 2408                                                   
 FN3: INDETERMINATE(REV)                                                 2408                                                   
                                                                                                                                
Representative Johansen moved and asked unanimous consent that the                                                              
following committee substitute be adopted in lieu of the original bill:                                                         
                                                                                                                                
     HOUSE CS FOR CS FOR SENATE BILL NO. 309(FIN)                                                                               
     (same title)                                                                                                               
                                                                                                                                
There being no objection, it was so ordered.                                                                                    
                                                                                                                                
                                                                                                                                
Representative Johansen moved and asked unanimous consent that                                                                  
HCS CSSB 309(FIN) be considered engrossed, advanced to third                                                                    
reading, and placed on final passage.                                                                                           
                                                                                                                                
There was objection.                                                                                                            
                                                                                                                                
HCS CSSB 309(FIN) will advance to third reading on tomorrow's                                                                   
calendar.