Legislature(2013 - 2014)
2014-04-11 House Journal
Full Journal pdf2014-04-11 House Journal Page 2357 SB 138 The Resources Committee submitted the following forthcoming House committee substitute and fiscal note(s) to accompany its report (page 2306): HOUSE CS FOR CS FOR SENATE BILL NO. 138(RES) "An Act relating to the Alaska Gasline Development Corporation; relating to an in-state natural gas pipeline, an Alaska liquefied natural gas project, and associated funds; requiring state agencies and other entities to expedite reviews and actions related to natural gas pipelines and projects; making certain contracts by the Department of Natural Resources and the Department of Law not subject to the State Procurement Code; relating to the authorities and duties of the commissioner of natural resources relating to a North Slope natural gas project, oil and gas and gas only leases, and royalty gas and other gas received by the state including gas received as payment for the production tax on gas; relating to a report and recommendations by the commissioner of natural resources regarding the delivery and availability of North Slope natural gas in the state, including the identification of risks and recommendations for mitigation; relating to the tax on oil and gas production, on oil production, and on gas production; relating to the duties of the commissioner of revenue relating to a North Slope natural gas project and gas received as payment for tax; relating to confidential information and public record status of information provided to or in the custody of the Department of Natural Resources and the Department of Revenue; relating to apportionment factors of the Alaska Net Income Tax Act; 2014-04-11 House Journal Page 2358 amending the definition of gross value at the 'point of production' for gas for purposes of the oil and gas production tax; clarifying that the exploration incentive credit, the oil or gas producer education credit, and the film production tax credit may not be taken against the gas production tax paid in gas; relating to the oil or gas producer education credit; requiring the commissioner of revenue to provide a report to the legislature on financing options for state ownership and participation in a North Slope natural gas project; requesting the governor to establish an interim advisory board to advise the governor on municipal involvement in a North Slope natural gas project; relating to the development of a plan by the Alaska Energy Authority for developing infrastructure to deliver affordable energy to areas of the state that will not have direct access to a North Slope natural gas pipeline and a recommendation of a funding source for energy infrastructure development; establishing the Alaska affordable energy fund; requiring the commissioner of revenue to develop a plan and suggest legislation for municipalities, regional corporations, and residents of the state to acquire ownership interests in a North Slope natural gas pipeline project; relating to the duties of the Oil and Gas Competitiveness Review Board; making conforming amendments; and providing for an effective date." (HCR 28 - title change resolution) The following fiscal note(s) apply to HCS CSSB 138(RES): 11. Fiscal, Dept. of Revenue 16. Fiscal, Dept. of Commerce, Community, & Economic Development 17. Fiscal, Dept. of Commerce, Community, & Economic Development 18. Fiscal, Dept. of Commerce, Community, & Economic Development 19. Fiscal, Dept. of Natural Resources 20. Fiscal, Dept. of Revenue CSSB 138(FIN) am is in the Finance Committee.