Legislature(2009 - 2010)
2010-04-16 Senate Journal
Full Journal pdf2010-04-16 Senate Journal Page 2389 SB 309 The Finance Committee considered SENATE BILL NO. 309 "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; providing for an effective date by amending the effective date for sec. 2, ch. 61, SLA 2003; and providing for an effective date" and recommended it be replaced with 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 2010-04-16 Senate Journal Page 2390 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." Signing do pass: Senators Hoffman, Stedman, Cochairs; Senators Huggins, Egan, Ellis. Signing no recommendation: Senator Olson. Signing amend: Senator Thomas. The following fiscal information was published today: Fiscal Note No. 2, indeterminate, Department of Natural Resources The following previously published fiscal information applies: Fiscal Note No. 1, indeterminate, Department of Revenue The bill is on today's calendar.