Legislature(2017 - 2018)

2017-04-12 Senate Journal

Full Journal pdf

2017-04-12                     Senate Journal                      Page 0904
HB 111                                                                                                                        
CS FOR HOUSE BILL NO. 111(FIN) (efd fld) BY THE HOUSE                                                                           
FINANCE COMMITTEE, entitled:                                                                                                    
          "An Act relating to the oil and gas production tax, tax                                                               
          payments, and credits; relating to interest applicable                                                                
          to delinquent oil and gas production tax; relating to                                                                 
          carried-forward lease expenditures based on losses                                                                    
          and limiting those lease expenditures to an amount                                                                    
          equal to the gross value at the point of production of                                                                
          oil and gas produced from the lease or property                                                                       
          where the lease expenditure was incurred; relating to                                                                 
          information concerning tax credits, lease                                                                             
          expenditures, and oil and gas taxes; relating to the                                                                  
          disclosure of that information to the public; relating                                                                
          to an adjustment in the gross value at the point of                                                                   
          production; relating to a legislative working group."                                                                 
was read the first time and referred to the Resources and Finance