Legislature(2017 - 2018)
2017-05-13 Senate JournalFull Journal pdf
2017-05-13 Senate Journal Page 1202 HB 111 CS FOR HOUSE BILL NO. 111(FIN)(efd fld) "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; and relating to a legislative working group" was read the second time. Senator MacKinnon, Cochair, moved and asked unanimous consent for the adoption of the Finance Senate Committee Substitute offered on page 1192. Senator Gardner objected. The question being: "Shall the Finance Senate Committee Substitute be Adopted?" The roll was taken with the following result: CSHB 111(FIN)(efd fld) Second Reading Adopt Finance Senate Committee Substitute? YEAS: 15 NAYS: 3 EXCUSED: 2 ABSENT: 0 Yeas: Bishop, Coghill, Costello, Dunleavy, Egan, Giessel, Hoffman, Hughes, Kelly, MacKinnon, Meyer, Micciche, Stevens, Wielechowski, Wilson Nays: Begich, Gardner, Olson Excused: Stedman, von Imhof and so, SENATE CS FOR CS FOR HOUSE BILL NO. 111(FIN) "An Act relating to credits against the oil and gas production tax; relating to the applicability of certain credits earned under the oil and gas production tax to the tax on corporations; relating to tax credit 2017-05-13 Senate Journal Page 1203 certificates against the oil and gas production tax and the issuance and assignment of those certificates; relating to interest applicable to delinquent taxes; relating to lease expenditures; relating to the oil and gas tax credit fund; and providing for an effective date" was adopted. President Kelly stated SENATE CS FOR CS FOR HOUSE BILL NO. 111(FIN) will advance to third reading on the May 15 calendar.