Legislature(2015 - 2016)
2016-06-06 Senate Journal
Full Journal pdf2016-06-06 Senate Journal Page 2975 HB 247 June 6, 2016 Mr. President: Mr. Speaker: The Conference Committee considering 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 2016-06-06 Senate Journal Page 2976 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 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" requests limited powers of free conference on the following specific points: Section 35 (House) Section 25 (Senate) Signing the report: Senator Giessel, Chair, Senators Coghill, Micciche; Representative Talerico, Chair, Representatives Olson, Tarr. President Meyer granted the Senate members limited powers of free conference as requested. The Secretary was requested to notify the House. HB 247 The following corrected report was received and distributed at 3:12 p.m., June 6: 2016-06-06 Senate Journal Page 2977 June 6, 2016 Mr. President: Mr. Speaker: The Conference Committee with limited powers of free conference considered SENATE CS FOR 2d CS FOR HOUSE BILL NO. 247(FIN) am S and 2d CS FOR HOUSE BILL NO. 247(RLS) am and recommends CONFERENCE CS FOR HOUSE BILL NO. 247 "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" be adopted. The following previously published fiscal information applies: Fiscal Note No. 5, zero, Department of Natural Resources Fiscal Note No. 8, Department of Revenue Signing the report: Senator Giessel, Chair, Senators Coghill, Micciche; Representative Talerico, Chair, Representatives Olson, Tarr. Senator Coghill moved that the Senate adopt the Corrected Conference Committee Report. 2016-06-06 Senate Journal Page 2978 The question being: "Shall the Senate adopt the Corrected Conference Committee Report?" The roll was taken with the following result: CCS HB 247 Shall the Senate Adopt the Corrected Conference Committee Report? YEAS: 13 NAYS: 6 EXCUSED: 1 ABSENT: 0 Yeas: Giessel, Hoffman, Kelly, MacKinnon, McGuire, Micciche, Olson, Stevens, Bishop, Coghill, Costello, Dunleavy, Meyer Nays: Gardner, Stedman, Stoltze, Wielechowski, Egan, Ellis Excused: Huggins and so, the report was adopted, thus adopting: CONFERENCE CS FOR HOUSE BILL NO. 247 "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." Senator Coghill moved for the adoption of the effective date clauses. The question being: "Shall the effective date clauses be adopted?" The roll was taken with the following result: CCS HB 247 Adopt Effective Dates Clauses? YEAS: 19 NAYS: 0 EXCUSED: 1 ABSENT: 0 2016-06-06 Senate Journal Page 2979 Yeas: Giessel, Hoffman, Kelly, MacKinnon, McGuire, Micciche, Olson, Stedman, Stevens, Stoltze, Wielechowski, Bishop, Coghill, Costello, Dunleavy, Egan, Ellis, Gardner, Meyer Excused: Huggins and so, the effective date clauses were adopted. The Secretary was requested to notify the House. Senator Coghill moved and asked unanimous consent to adopt the first supplemental calendar. Without objection, the first supplemental calendar was adopted.