Legislature(2015 - 2016)

2016-05-12 House Journal

Full Journal pdf

2016-05-12                     House Journal                      Page 2805
HB 247                                                                                                                        
The Rules Committee considered:                                                                                                 
                                                                                                                                
    CS FOR HOUSE BILL NO. 247(FIN) am                                                                                           
    "An Act relating to interest applicable to delinquent tax; relating                                                         
    to the oil and gas production tax, tax payments, and credits;                                                               
    relating to refunds for the gas storage facility tax credit, the                                                            
    liquefied natural gas storage facility tax credit, and the qualified                                                        
    in-state oil refinery infrastructure expenditures tax credit; relating                                                      
    to oil and gas lease expenditures and production tax credits for                                                            
    municipal entities; relating to a bond or cash deposit required for                                                         
    an oil or gas business; establishing a legislative working group to                                                         
    study the tax structure for oil and gas produced south of 68                                                                
    degrees North latitude; and providing for an effective date."                                                               
                                                                                                                                
and recommends it be replaced with:                                                                                             
                                                                                                                                
    2d CS FOR HOUSE BILL NO. 247(RLS)                                                                                           
    "An Act relating to the powers and duties of the Alaska Oil and                                                             
    Gas Conservation Commission; relating to exploration incentive                                                              
    credits; relating to confidential information status and public                                                             
    record status of information in the possession of the Department                                                            
    of Revenue; relating to interest applicable to delinquent tax;                                                              
    relating to the oil and gas production tax rate for certain oil                                                             
    exempt from taxation or constituting a landowner's royalty                                                                  
    interest; relating to oil and gas production tax credits; relating to                                                       
    tax credit certificates; relating to the calculation of the production                                                      
    tax value of oil and gas; relating to refunds for the gas storage                                                           
    facility tax credit, the liquefied natural gas storage facility tax                                                         
    credit, and the qualified in-state oil refinery infrastructure                                                              
    expenditures tax credit; relating to the purchase of tax credit                                                             
    certificates from the oil and gas tax credit fund; relating to lease                                                        
    expenditures; relating to oil and gas lease expenditures and                                                                
    production tax credits for municipal entities; requiring a bond or                                                          
    cash deposit with a business license application for an oil or gas                                                          
    business; establishing a legislative working group to study the                                                             
    fiscal regime and tax structure and rates for oil and gas produced                                                          
    south of 68 degrees North latitude; and providing for an effective                                                          
    date."                                                                                                                      

2016-05-12                     House Journal                      Page 2806
The report was signed by Representative Johnson, Chair, with the                                                                
following individual recommendations:                                                                                           
                                                                                                                                
Do pass (3):  Chenault, Olson, Johnson                                                                                          
                                                                                                                                
No recommendation (2):  Herron, Tuck                                                                                            
                                                                                                                                
Amend (1):  Kreiss-Tomkins                                                                                                      
                                                                                                                                
The following fiscal note(s) apply to 2d CSHB 247(RLS):                                                                         
                                                                                                                                
5.  Zero, Dept. of Natural Resources                                                                                            
7.  Fiscal, Dept. of Revenue                                                                                                    
                                                                                                                                
CSHB 247(FIN) am is on today's calendar.                                                                                        
HB 247                                                                                                                        
The following, which was returned to the Rules Committee (page                                                                  
2311), was before the House in third reading:                                                                                   
                                                                                                                                

2016-05-12                     House Journal                      Page 2807
    CS FOR HOUSE BILL NO. 247(FIN) am                                                                                           
    "An Act relating to interest applicable to delinquent tax; relating                                                         
    to the oil and gas production tax, tax payments, and credits;                                                               
    relating to refunds for the gas storage facility tax credit, the                                                            
    liquefied natural gas storage facility tax credit, and the qualified                                                        
    in-state oil refinery infrastructure expenditures tax credit; relating                                                      
    to oil and gas lease expenditures and production tax credits for                                                            
    municipal entities; relating to a bond or cash deposit required for                                                         
    an oil or gas business; establishing a legislative working group to                                                         
    study the tax structure for oil and gas produced south of 68                                                                
    degrees North latitude; and providing for an effective date."                                                               
                                                                                                                                
Representative Herron moved and asked unanimous consent that                                                                    
CSHB 247(FIN) am be returned to second reading for the purpose of                                                               
rescinding action in the adoption of all amendments.  There being no                                                            
objection, it was so ordered.                                                                                                   
                                                                                                                                
Representative Herron moved and asked unanimous consent that the                                                                
House rescind action in adopting all amendments.  There being no                                                                
objection, it was so ordered.                                                                                                   
                                                                                                                                
Representative Herron moved and asked unanimous consent to                                                                      
withdraw Amendment Nos. 1, 13 as amended, 15, 16, 18 as amended,                                                                
and 19.  There being no objection, the amendments were withdrawn.                                                               
                                                                                                                                
Representative Herron moved and asked unanimous consent that the                                                                
House rescind action in adopting CSHB 247(FIN).  There being no                                                                 
objection, it was so ordered.                                                                                                   
                                                                                                                                
Representative Herron moved and asked unanimous consent to                                                                      
withdraw the motion to adopt CSHB 247(FIN) in lieu of the original                                                              
bill.  There being no objection, it was so ordered.                                                                             
                                                                                                                                
Representative Herron moved and asked unanimous consent that the                                                                
following be adopted in lieu of the original bill:                                                                              
                                                                                                                                
    2d CS FOR HOUSE BILL NO. 247(RLS)                                                                                           
    "An Act relating to the powers and duties of the Alaska Oil and                                                             
    Gas Conservation Commission; relating to exploration incentive                                                              
    credits; relating to confidential information status and public                                                             

2016-05-12                     House Journal                      Page 2808
    record status of information in the possession of the Department                                                            
    of Revenue; relating to interest applicable to delinquent tax;                                                              
    relating to the oil and gas production tax rate for certain oil                                                             
    exempt from taxation or constituting a landowner's royalty                                                                  
    interest; relating to oil and gas production tax credits; relating to                                                       
    tax credit certificates; relating to the calculation of the production                                                      
    tax value of oil and gas; relating to refunds for the gas storage                                                           
    facility tax credit, the liquefied natural gas storage facility tax                                                         
    credit, and the qualified in-state oil refinery infrastructure                                                              
    expenditures tax credit; relating to the purchase of tax credit                                                             
    certificates from the oil and gas tax credit fund; relating to lease                                                        
    expenditures; relating to oil and gas lease expenditures and                                                                
    production tax credits for municipal entities; requiring a bond or                                                          
    cash deposit with a business license application for an oil or gas                                                          
    business; establishing a legislative working group to study the                                                             
    fiscal regime and tax structure and rates for oil and gas produced                                                          
    south of 68 degrees North latitude; and providing for an effective                                                          
    date."                                                                                                                      
                                                                                                                                
There being no objection, it was so ordered.                                                                                    
                                                                                                                                
2d CSHB 247(RLS) was automatically in third reading.                                                                            
                                                                                                                                
The Speaker stated that, without objection, 2d CSHB 247(RLS) will                                                               
be held in third reading to tomorrow's calendar.