Legislature(2011 - 2012)BELTZ 105 (TSBldg)
03/01/2012 03:30 PM Senate COMMUNITY & REGIONAL AFFAIRS
| Audio | Topic |
|---|---|
| Start | |
| SB148 | |
| SB204 | |
| SB152 | |
| Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
| *+ | SB 204 | TELECONFERENCED | |
| + | TELECONFERENCED | ||
| + | TELECONFERENCED | ||
| = | SB 148 | ||
| = | SB 152 | ||
SB 148-GAS PIPELINE PROPERTY TAX EXEMPTION
3:36:18 PM
CHAIR OLSON announced the consideration of SB 148 and asked Mr.
Scott to explain the committee substitute (CS).
DAVID SCOTT, Staff, Senator Donald Olson, Alaska State
Legislature and Aide, CRA Committee, said version I committee
substitute (CS) makes three changes. First, the legislation
sunsets in 10 years. The idea was that this would spur a company
to act to take advantage of the tax exemption. Second, language
on page 4, lines 27-28, clarifies that the pipeline must
transport the gas to market for sale. Third, language on page 5,
lines 7-8, clarifies that the state will assess the 0.5 bcf/day
pipeline when it assesses the pipeline transportation systems.
CHAIR OLSON asked if the sponsor approved of the 10-year sunset.
MR. SCOTT answered that the sponsor did not object.
CHAIR OLSON asked if he or the sponsor had heard from any
boroughs or landowners that would be affected by the property
tax exemption.
MR. SCOTT said no.
CHAIR OLSON asked the reason for the third change.
MR. SCOTT answered that the state assessor brought that
suggestion forward. Current statute requires the state assessor
to find the full and true value of oil and gas pipeline systems
and the assessor wanted to clarify that the 0.5 bcf/day pipeline
also needed to be assessed.
3:40:42 PM
MICHELLE SYDEMAN, Staff, Senator Bill Wielechowski, Alaska State
Legislature, said the sponsor was comfortable with the changes
made in the CS for SB 148. The third change was an amendment the
sponsor brought to the committee to alleviate the problem that
had come up with TAPS, which was that local governments have
different ideas about the value of an asset. The state assessor
would provide a uniform valuation for the asset. The sponsor
also requested the requirement to transport the gas to market so
the state doesn't give a tax deferral to move gas from one
production facility to another. The intention was that the gas
would serve Alaskans. With regard to the sunset, she said the
sponsor appreciated that the committee wanted to create a sense
of urgency to act but she imagined that the Resources Committee
would take up that issue, because some people may think it
should be longer.
CHAIR OLSON found no further questions or discussion and asked
for a motion to adopt the CS.
3:42:20 PM
SENATOR KOOKESH moved to adopt the CS for SB 148, labeled 27-
LS0990\I.
CHAIR OLSON found no objection and announced that version I was
adopted. He asked the will of the committee.
3:42:42 PM
SENATOR KOOKESH moved to report [CS for] SB 148 from committee
with individual recommendations and attached fiscal note(s).
3:42:53 PM
CHAIR OLSON announced that without objection CSSB 148(CRA) moved
from the Senate Community and Regional Affairs Standing
Committee.
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