Legislature(2013 - 2014)
2013-04-12 House Journal
Full Journal pdf2013-04-12 House Journal Page 1109 SB 21 The Finance Committee considered: CS FOR SENATE BILL NO. 21(FIN) am(efd fld) "An Act relating to the interest rate applicable to certain amounts due for fees, taxes, and payments made and property delivered to the Department of Revenue; providing a tax credit against the corporation income tax for qualified oil and gas service industry expenditures; relating to the oil and gas production tax rate; relating to gas used in the state; relating to monthly installment payments of the oil and gas production tax; relating to oil and gas production tax credits for certain losses and expenditures; relating to oil and gas production tax credit certificates; relating to nontransferable tax credits based on production; relating to the oil and gas tax credit fund; relating to annual statements by producers and explorers; establishing the Oil and Gas Competitiveness Review Board; and making conforming amendments." and recommends it be replaced with: HOUSE CS FOR CS FOR SENATE BILL NO. 21(FIN) "An Act relating to the interest rate applicable to certain amounts due for fees, taxes, and payments made and property delivered to the Department of Revenue; relating to appropriations from taxes paid under the Alaska Net Income Tax Act; providing a tax credit against the corporation income tax for qualified oil and gas service industry expenditures; relating to the oil and gas production tax rate; relating to gas used in the state; relating to monthly installment payments of the oil and gas production tax; relating to oil and gas production tax credits for certain losses and expenditures; relating to oil and gas production tax credit certificates; relating to nontransferable tax credits based on production; relating to the oil and gas tax credit fund; relating to annual statements by producers and explorers; establishing an Oil and Gas Competitiveness Review Board; relating to the 2013-04-12 House Journal Page 1110 determination of annual oil and gas production tax value including adjustments based on a percentage of gross value at the point of production from certain leases or properties; and making conforming amendments." (HCR 9 - title change resolution) The report was signed by Representatives Stoltze and Austerman, Co- chairs, with the following individual recommendations: Do pass (4): Thompson, Neuman, Costello, Stoltze Do not pass (1): Kawasaki (Alternate) No recommendation (5): Holmes, Munoz, T. Wilson, Edgmon, Austerman Amend (1): Gara The following fiscal note(s) apply to HCS CSSB 21(FIN): 11. Zero, Dept. of Commerce, Community, & Economic Development 12. Indeterminate, Dept. of Natural Resources 13. Fiscal, Dept. of Revenue 14. Fiscal, Dept. of Revenue CSSB 21(FIN) am(efd fld) is on today's calendar.