2012-03-15                     House Journal                      Page 1896
HB 276                                                                                                                        
The Resources Committee considered:                                                                                             
                                                                                                                                
     HOUSE BILL NO. 276                                                                                                         
     "An Act providing for a credit against the oil and gas production                                                          
     tax for costs incurred in drilling certain oil or natural gas                                                              
     exploration wells in the Nenana Basin."                                                                                    
                                                                                                                                
and recommends it be replaced with:                                                                                             
                                                                                                                                
     CS FOR HOUSE BILL NO. 276(RES)                                                                                             
     "An Act providing for a credit against the oil and gas production                                                          
     tax for costs incurred for conducting seismic exploration and                                                              
     drilling certain oil or natural gas exploration wells in certain                                                           
     basins; and relating to a limit on certain oil and gas production tax                                                      
     credits."                                                                                                                  
                                                                                                                                
The report was signed by Representatives Feige and Seaton, Co-                                                                  
chairs, with the following individual recommendations:                                                                          
                                                                                                                                
Do pass (3):  Dick, Feige, Seaton                                                                                               
                                                                                                                                
No recommendation (2):  Gardner, Herron                                                                                         
                                                                                                                                
Amend (1):  Kawasaki                                                                                                            
                                                                                                                                
The following fiscal note(s) apply to CSHB 276(RES):                                                                            
                                                                                                                                
1.  Indeterminate, Dept. of Natural Resources                                                                                   
2.  Indeterminate, Dept. of Revenue                                                                                             
                                                                                                                                
HB 276 was referred to the Finance Committee.