Legislature(2015 - 2016)
2016-05-17 Senate Journal
Full Journal pdf2016-05-17 Senate Journal Page 2822 HB 247 The Finance Committee considered 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" and recommended it be replaced with SENATE CS FOR 2d CS FOR HOUSE BILL NO. 247(FIN) "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." (Title Change SCR 32) 2016-05-17 Senate Journal Page 2823 Signing do pass: Senator MacKinnon, Cochair; Senators Hoffman, Micciche. Signing no recommendation: Senator Kelly, Cochair. Signing amend: Senators Bishop, Dunleavy, Olson. The following fiscal information was published today: Fiscal Note No. 8, Department of Revenue The following previously published fiscal information applies: Fiscal Note No. 5, zero, Department of Natural Resources The bill is on today's calendar.