2016-05-18                     House Journal                      Page 2942
HB 247                                                                                                                        
A message dated May 18, 2016, was read stating the Senate passed:                                                               
                                                                                                                                
     2d CS FOR HOUSE BILL NO. 247(RLS) am                                                                                       
     "An Act amending the powers of the board of trustees of the                                                                
     Alaska Retirement Management Board to authorize purchase and                                                               
     sale of transferable tax credit certificates issued in conjunction                                                         
     with the production tax on oil and gas; relating to interest                                                               
     applicable to delinquent tax; relating to the oil and gas production                                                       
     tax, tax payments, and credits; relating to exploration incentive                                                          
     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 the confidential information status and public record                                                          
     status of information in the possession of the Department of                                                               
     Revenue; 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."                                                              
                                                                                                                                
with the following amendment, and it is transmitted for consideration:                                                          
                                                                                                                                
     SENATE CS FOR 2d CS FOR HOUSE BILL NO. 247(FIN) am S                                                                       
     "An Act relating to the exploration incentive credits; relating to                                                         
     the powers and duties of the Alaska Oil and Gas Conservation                                                               
     Commission; relating to interest applicable to delinquent tax;                                                             
     relating to the oil and gas production tax, tax payments, and                                                              
     credits; relating to tax credit certificates; 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                                                               

2016-05-18                     House Journal                      Page 2943
     infrastructure expenditures tax credit; 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; and providing for an                                                               
     effective date."                                                                                                           
                                                                                                                                
     (SCR 32 - title change resolution)                                                                                         
                                                                                                                                
HB 247 is under Unfinished Business.