2016-05-24                     Senate Journal                      Page 2916
HB 247                                                                                                                        
Message dated May 18 was read, stating the House failed to concur in                                                            
the Senate amendments to 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                                                             

2016-05-24                     Senate Journal                      Page 2917
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" and respectfully requests the Senate to recede from its                                                         
amendments, namely:                                                                                                             
                                                                                                                                
       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 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."                                                                                    
                                                                                                                                
In the event the Senate fails to recede, the Speaker has appointed the                                                          
following members to a Conference Committee to meet with a like                                                                 
committee from the Senate to consider the bills:                                                                                
                                                                                                                                
     Representative Talerico, Chair                                                                                             
     Representative Olson                                                                                                       
     Representative Tarr                                                                                                        
                                                                                                                                
The recede message was held on the Secretary's desk.