2017-05-12                     Senate Journal                      Page 1192
Senator Micciche moved and asked unanimous consent that the Senate                                                              
return to Standing Committee Reports. Without objection, the Senate                                                             
returned to:                                                                                                                    
                                                                                                                                
                          Standing Committee Reports                                                                         
                                                                                                                                
HB 111                                                                                                                        
The Finance Committee considered 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"                                                        
and recommended it be replaced with                                                                                             
                                                                                                                                
     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 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."                                                                 
     (Title Change SCR 12)                                                                                                      
                                                                                                                                
Signing do pass: Senator MacKinnon, Cochair; Senators Bishop,                                                                   
von Imhof, Hughes. Signing no recommendation: Senator Hoffman,                                                                  
Cochair; Senator Micciche. Signing amend: Senator Olson.                                                                        
                                                                                                                                
Fiscal information forthcoming.                                                                                                 
                                                                                                                                
The bill was referred to the Rules Committee.