Legislature(2009 - 2010)
2010-04-01 Senate Journal
Full Journal pdf2010-04-01 Senate Journal Page 2070 SB 305 Senator Ellis moved and asked unanimous consent that the reconsideration on CS FOR SENATE BILL NO. 305(FIN)(title am) be taken up at this time. Senator Bunde objected. The question being: "Shall the reconsideration be taken up on the same day?" The roll was taken with the following result: 2010-04-01 Senate Journal Page 2071 CSSB 305(FIN)(title am) Take up Reconsideration? YEAS: 17 NAYS: 1 EXCUSED: 1 ABSENT: 1 Yeas: Davis, Dyson, Egan, Ellis, French, Hoffman, Huggins, Kookesh, McGuire, Menard, Meyer, Olson, Paskvan, Stedman, Stevens, Thomas, Wielechowski Nays: Bunde Excused: Wagoner Absent: Coghill and so, CS FOR SENATE BILL NO. 305(FIN)(title am) was before the Senate on reconsideration. The question to be reconsidered: "Shall CS FOR SENATE BILL NO. 305(FIN)(title am) "An Act 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; relating to the allocation of lease expenditures and adjustments to lease expenditures; and providing for an effective date" pass the Senate?" The roll was taken with the following result: 2010-04-01 Senate Journal Page 2072 CSSB 305(FIN)(title am) Third Reading - On Reconsideration Effective Date YEAS: 15 NAYS: 3 EXCUSED: 1 ABSENT: 1 Yeas: Davis, Egan, Ellis, French, Hoffman, Kookesh, McGuire, Menard, Meyer, Olson, Paskvan, Stedman, Stevens, Thomas, Wielechowski Nays: Bunde, Dyson, Huggins Excused: Wagoner Absent: Coghill and so, CS FOR SENATE BILL NO. 305(FIN)(title am) passed the Senate on reconsideration. Senator Ellis moved and asked unanimous consent that the vote on the passage of the bill be considered the vote on the effective date clause. Without objection, it was so ordered and the bill was referred to the Secretary for engrossment.