2017-05-15                     Senate Journal                      Page 1290
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Senator Wielechowski moved for the adoption of Amendment No. 7.                                                                 
Senator MacKinnon objected. Senator Wielechowski moved and asked                                                                
unanimous consent to withdraw Amendment No. 7. Without objection,                                                               
Amendment No. 7 was withdrawn.                                                                                                  
                                                                                                                                
Senator Wielechowski offered Amendment No. 8 :                                                                                   
                                                                                                                                
Page 1, line 1, following "Act":                                                                                              
     Insert "relating to the qualified in-state oil refinery                                                                  
infrastructure expenditures tax credit;"                                                                                      
                                                                                                                                
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     Insert new bill sections to read:                                                                                          
"* Sec. 4. AS 43.20.053(g) is amended to read:                                                                                
          (g)  If an oil refinery ceases commercial operation during the                                                        
     nine calendar years immediately following the calendar year in                                                             
     which a credit under former (a) of this section was received,                                                          
     regardless of whether commercial operation later resumes, the                                                              
     taxpayer's tax liability under this chapter will be increased. The                                                         
     tax liability increase is equal to the total amount of credit taken                                                        
     multiplied by a fraction