2010-04-16                     Senate Journal                      Page 2411
SB 309                                                                                                                        
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 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" was engrossed, signed by the President and Secretary                                                            
and transmitted to the House for consideration.