2024-05-11                     House Journal                      Page 2890
HB 223                                                                                                                        
The Finance Committee considered:                                                                                               
                                                                                                                                
     HOUSE BILL NO. 223                                                                                                         
     "An Act relating to the production tax and royalty rates on certain                                                        
     gas; and providing for an effective date."                                                                                 
                                                                                                                                
and recommends it be replaced with:                                                                                             
                                                                                                                                
     CS FOR HOUSE BILL NO. 223(FIN)                                                                                             
     "An Act relating to royalty rates and payments for certain oil and                                                         
     gas; relating to state loans for oil and gas development projects in                                                       
     the Cook Inlet sedimentary basin; relating to the creation of                                                              
     subsidiaries related to development projects in the Cook Inlet                                                             
     sedimentary basin by the Alaska Industrial Development and                                                                 
     Export Authority; relating to the Cook Inlet reserve-based lending                                                         
     fund and the payment of dividends from the fund; relating to a                                                             
     report to the legislature related to oil and gas development projects                                                      
     in the Cook Inlet sedimentary basin; and providing for an effective                                                        
     date."                                                                                                                     

2024-05-11                     House Journal                      Page 2891
The report was signed by Representatives Edgmon, D. Johnson, and                                                                
Foster, Co-chairs, with the following individual recommendations:                                                               
                                                                                                                                
Do pass (3):  Coulombe, Cronk, D. Johnson                                                                                       
                                                                                                                                
Do not pass (1):  Foster                                                                                                        
                                                                                                                                
No recommendation (3):  Stapp, Tomaszewski, Edgmon                                                                              
                                                                                                                                
Amend (4):  Galvin, Hannan, Josephson, Ortiz                                                                                    
                                                                                                                                
The following fiscal note(s) apply to CSHB 223(FIN):                                                                            
                                                                                                                                
3.  Indeterminate, Dept. of Natural Resources                                                                                   
4.  Indeterminate, Dept. of Revenue                                                                                             
                                                                                                                                
HB 223 is on today's calendar.