2010-04-18                     Senate Journal                      Page 2502
SB 309                                                                                                                        
Message dated April 18 was read stating the House passed and                                                                    
returned for consideration 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                                                          

2010-04-18                     Senate Journal                      Page 2503
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" with the following                                                                   
amendment:                                                                                                                      
                                                                                                                                
                       HOUSE CS FOR CS FOR SENATE BILL                                                                         
          NO. 309(FIN)                                                                                                          
                                                                                                                                
Senator Ellis moved that the Senate concur in the House amendment.                                                              
                                                                                                                                
The question being: "Shall the Senate concur in the House                                                                       
amendment?" The roll was taken with the following result:                                                                       
                                                                                                                                
HCS CSSB 309(FIN)                                                                                                               
Shall the Senate Concur in the House                                                                                            
Amendment to CSSB 309(FIN)?   Effective Dates                                                                                   
                                                                                                                                
YEAS:  20   NAYS:  0   EXCUSED:  0   ABSENT:  0                                                                               
                                                                                                                                
Yeas:  Bunde, Coghill, Davis, Dyson, Egan, Ellis, French, Hoffman,                                                              
Huggins, Kookesh, McGuire, Menard, Meyer, Olson, Paskvan,                                                                       
Stedman, Stevens, Thomas, Wagoner, Wielechowski                                                                                 
                                                                                                                                
and so, the Senate concurred in the House amendment, thus adopting                                                              
HOUSE CS FOR 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."                                                                                               
                                                                                                                                

2010-04-18                     Senate Journal                      Page 2504
Senator Ellis moved and asked unanimous consent that the vote on                                                                
concurrence be considered the vote on the effective date clauses.                                                               
Without objection, it was so ordered.                                                                                           
                                                                                                                                
The Secretary was requested to notify the House.                                                                                
                                                                                                                                
The bill was referred to the Secretary for enrollment.