2010-04-17                     House Journal                      Page 2407
SB 309                                                                                                                        
The Finance Committee considered:                                                                                               
                                                                                                                                
     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;                                                           

2010-04-17                     House Journal                      Page 2408
     providing a credit against the tax on the production of oil and gas                                                        
     for drilling certain exploration wells in the Cook Inlet sedimentary                                                       
     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."                                                                                      
                                                                                                                                
and recommends it be replaced with:                                                                                             
                                                                                                                                
     HOUSE CS FOR CS FOR SENATE BILL NO. 309(FIN)                                                                               
     (same title)                                                                                                               
                                                                                                                                
The report was signed by Representatives Stoltze and Hawker, Co-                                                                
chairs, with the following individual recommendations:                                                                          
                                                                                                                                
Do pass (4):  Fairclough, Gara, Stoltze, Hawker                                                                                 
                                                                                                                                
No recommendation (5):  N. Foster, Joule, Doogan, Thomas,                                                                       
Austerman                                                                                                                       
                                                                                                                                
The following fiscal note(s) apply to HCS CSSB 309(FIN):                                                                        
                                                                                                                                
2.  Indeterminate, Dept. of Natural Resources                                                                                   
3.  Indeterminate, Dept. of Revenue                                                                                             
                                                                                                                                
CSSB 309(FIN) is on today's calendar.