2010-04-18                     Senate Journal                      Page 2530
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 the lease expenditures that may be deducted when                                                                    
determining production tax value; 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; relating to the                                                            
allocation of lease expenditures and adjustments to lease expenditures;                                                         
and providing for an effective date."                                                                                           
                                                                                                                                
Senator Ellis moved and asked unanimous consent that the vote on                                                                
concurrence be considered the vote on the effective date clause.                                                                
Without objection, it was so ordered.                                                                                           
                                                                                                                                
The Secretary was requested to notify the House.                                                                                
                                                                                                                                
The bill was referred to the Secretary for enrollment.                                                                          
                                                                                                                                
HCR 29                                                                                                                        
Senator Ellis moved and asked unanimous consent to take up HOUSE                                                                
CONCURRENT RESOLUTION NO. 29. Without objection, the                                                                            
resolution was before the Senate on final passage.                                                                              
                                                                                                                                
The question being: "Shall 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