Legislature(2005 - 2006)
06/08/2006 09:29 PM Joint PPT
| Audio | Topic |
|---|---|
| Start | |
| SB2001 | |
| Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
SB 2001-OIL AND GAS TAX
CHAIR BERT STEDMAN announced CSSB 2001(FIN) and HCS CSSB
2001(FIN) AM to be up for consideration. He moved to adopt the
Senate language on Item 1 - Tax Rate.
SENATOR HOLLIS FRENCH objected.
A roll call was taken. Senator Huggins and Senator Stedman voted
in favor and Senator French, Representative Kerttula,
Representative Kelly and Representative Samuels voted against.
CHAIR STEDMAN announced the motion failed.
REPRESENTATIVE SAMUELS moved to adopt the House language on Item
1 - Tax Rate.
CHAIR STEDMAN objected.
A roll call was taken. Representative Kerttula, Representative
Kelly and Senator French voted in favor and Representative
Samuels, Senator Huggins and Senator Stedman voted against.
CHAIR STEDMAN announced the motion failed and he set Item 1
aside for further consideration.
REPRESENTATIVE SAMUELS moved to adopt the House language on Item
2 - Credit Usage Floor.
CHAIR STEDMAN objected.
A roll call was taken. Representative Kelly, Representative
Kerttula, and Senator French voted in favor and Representative
Samuels, Senator Huggins, and Senator Stedman voted against.
CHAIR STEDMAN announced the motion failed and he set Item 2
aside for further consideration.
CHAIR STEDMAN moved to adopt the Senate language on Item 3 - Gas
Revenue Exclusion.
REPRESENTATIVE SAMUELS objected.
A roll call vote was taken. Representative Kelly, Senator
Huggins, and Senator Stedman voted in favor and Representative
Samuels, Representative Kerttula and Senator French voted
against.
[The motion failed.]
CHAIR STEDMAN called at ease at 9:32:53 PM.
9:33:18 PM
REPRESENTATIVE SAMUELS moved to adopt the House language on Item
3 - Gas Revenue Exclusion.
CHAIR STEDMAN objected then removed his objection.
CHAIR STEDMAN announced the motion passed and so the House
language on Item 3 was adopted.
CHAIR STEDMAN moved to adopt the Senate language on Item 4 -
Progressivity Surcharge.
REPRESENTATIVE SAMUELS objected.
A roll call vote was taken. Senator Huggins and Senator Stedman
voted in favor and Representative Senator French, Representative
Kerttula, Representative Kelly, and Representative Samuels voted
against.
CHAIR STEDMAN announced the motion failed.
REPRESENTATIVE SAMUELS moved to adopt the House language on Item
4 - Progressivity Surcharge.
SENATOR HUGGINS objected.
A roll call was taken. Senator French, Representative Kerttula,
Representative Kelly and Representative Samuels voted in favor
and Senator Huggins and Senator Stedman voted against.
CHAIR STEDMAN announced the motion failed and he set Item 4 set
aside for further consideration.
CHAIR STEDMAN moved to adopt the Senate language on Item 5 -
Transition.
REPRESENTATIVE SAMUELS objected.
A roll call vote was taken. Senator Huggins and Senator Stedman
voted in favor and Representative Kelly, Representative
Kerttula, Representative Samuels and Senator French voted
against.
CHAIR STEDMAN announced the motion failed.
REPRESENTATIVE SAMUELS moved to adopt the House language on Item
5 - Transition.
CHAIR STEDMAN announced that without objection, the House
language on Item 5 was adopted.
CHAIR STEDMAN moved to adopt the Senate language on Item 6 -
Base Allowance.
REPRESENTATIVE SAMUELS objected.
A roll call was taken. Senator Huggins and Senator Stedman voted
in favor and Representative Kerttula, Representative Kelly,
Representative Samuels and Senator French voted against.
CHAIR STEDMAN announced the motion failed.
REPRESENTATIVE SAMUELS moved to adopt the House language on Item
6 - Base Allowance.
CHAIR STEDMAN announced that without objection, the House
language on Item 6 was adopted.
CHAIR STEDMAN asked for a motion to adopt the House language on
Item 7 - New Area Development Credit and Sunset of New Area
Development Credit. The Senate bill contained no language on
Item 7.
REPRESENTATIVE SAMUELS moved to adopt the House language on Item
7 - New Area Development Credit and Sunset of New Area
Development Credit.
CHAIR STEDMAN announced that without objection, the House
language on Item 7 was adopted.
CHAIR STEDMAN moved to adopt the Senate language on Item 8 -
Transition Payment.
REPRESENTATIVE SAMUELS objected.
A roll call was taken. Senator Huggins, and Senator Stedman
voted in favor and Senator French, Representative Kerttula,
Representative Kelly and Representative Samuels voted against.
CHAIR STEDMAN announced the motion failed.
REPRESENTATIVE SAMUELS moved to adopt the House language on Item
8 - Transition Payment.
CHAIR STEDMAN announced that without objection, the House
language on Item 8 was adopted.
CHAIR STEDMAN moved to adopt the Senate language on Item 9 -
Credit for Annual Loss.
REPRESENTATIVE SAMUELS objected.
A roll call vote was taken. Senator French, Senator Huggins, and
Senator Stedman voted in favor and Representative Kerttula,
Representative Kelly, and Representative Samuels voted against.
CHAIR STEDMAN announced the motion failed.
REPRESENTATIVE SAMUELS moved to adopt the House language on Item
9 - Credit for Annual Loss.
SENATOR HUGGINS objected.
A roll call vote was taken. Representative Kerttula and
Representative Kelly voted in favor and Senator French, Senator
Huggins, Senator Stedman and Representative Samuels voted
against.
CHAIR STEDMAN announced the motion failed and he set Item 9 set
aside for further consideration.
CHAIR STEDMAN moved to adopt the Senate language on Item 10 -
Oil Spill.
REPRESENTATIVE SAMUELS objected.
A roll call vote was taken. Senator French, and Senator Stedman
voted in favor and Senator Huggins, Representative Kerttula,
Representative Kelly, Representative Samuels voted against.
CHAIR STEDMAN announced the motion failed.
REPRESENTATIVE SAMUELS moved to adopt the House language on Item
10 - Oil Spill.
CHAIR STEDMAN announced that without objection, the House
language on Item 10 was adopted.
CHAIR STEDMAN called at ease from 9:41:00 PM to 9:43:57 PM.
REPRESENTATIVE KERTTULA moved to rescind her vote to adopt the
House language on Item 10.
CHAIR STEDMAN found no objection.
REPRESENTATIVE SAMUELS moved to adopt the House language on Item
10 - Oil Spill.
REPRESENTATIVE KERTTULA objected.
A roll call vote was taken. Senator Huggins, Senator Stedman,
Representative Kelly and Representative Samuels voted in favor
and Senator French and Representative Kerttula voted against.
CHAIR STEDMAN announced the motion passed and so the House
language on Item 10 was adopted.
CHAIR STEDMAN moved that the committee seek limited powers of
free conference to address the four items that were set aside.
Finding no objection, he asked members to sign the letters to
each body seeking limited powers.
CHAIR STEDMAN announced that the committee would return to the
four items that had been set aside.
CHAIR STEDMAN addressed Item 1 - Tax Rate and moved to adopt a
general tax rate of 22.8 percent and the House language on the
ELF tax ceiling on Cook Inlet oil.
SENATOR FRENCH objected.
A question was called.
Chair Stedman called at ease at 9:46:42 PM.
SENATOR FRENCH asked the Chair to restate his motion.
CHAIR STEDMAN restated the motion to adopt a general tax rate of
22.8 percent and the House language on the ELF tax ceiling on
Cook Inlet oil.
SENATOR FRENCH objected and said he felt the process was being
rushed.
CHAIR STEDMAN said there is no rush.
REPRESENTATIVE KERTTULA moved to divide question on Item 1 - Tax
Rate.
CHAIR STEDMAN agreed and removed his motion.
CHAIR STEDMAN moved to adopt a general tax rate of 22.8 percent
using the House language.
SENATOR FRENCH maintained his objection.
A roll call vote was taken. Senator Huggins, Senator Stedman,
Representative Kelly, and Representative Samuels voted in favor
and Senator French and Representative Kerttula voted against.
CHAIR STEDMAN announced that the motion passed and so a general
tax rate of 22.8 percent was adopted.
CHAIR STEDMAN moved to adopt the House language on Item 1 for
ELF tax ceiling on Cook Inlet oil.
CHAIR STEDMAN found no objection and announced that the motion
passed.
CHAIR STEDMAN moved to adopt the House language on Item 2
adjusting the floor to 3 percent.
REPRESENTATIVE KERTTULA objected.
9:49:48 PM
SENATOR FRENCH spoke to the objection saying it seems that the
bill is being weakened. Reducing the floor is a particularly bad
idea in light of the fact that we're giving up much of the up
side at the same time.
REPRESENTATIVE KERTTULA spoke to her objection saying 4 percent
ought to be maintained because the floor really goes to the
credit so already it isn't as strong as it could have been.
SENATOR CHARLIE HUGGINS stated support for the 3 percent floor
saying it is "a compromise on the side of the House position."
CHAIR STEDMAN commented that some feel the tax rate is too high
and some feel it's too low, but it's substantially higher than
where it is today.
A roll call vote was taken. Representative Kelly, Representative
Samuels, Senator Huggins, and Senator Stedman voted in favor and
Representative Kerttula and Senator French voted against.
CHAIR STEDMAN announced that the motion passed and so the House
language on Item 2 was adopted and the floor was adjusted to 3
percent.
CHAIR STEDMAN addressed Item 4 - Progressivity Surcharge and
moved to adopt .175 percent for progressivity and using the
House language.
SENATOR FRENCH objected. Speaking to his objection, he said the
general direction tonight is down and away from what was a
fairly moderate House bill.
9:53:07 PM
REPRESENTATIVE KELLY commented the committee was tasked with
finding middle ground between the two bills and this issue
strikes down the center.
9:54:15 PM
REPRESENTATIVE SAMUELS said he would generally agree with a
higher progressivity and a lower tax rate....
CHAIR STEDMAN called at ease from 9:54:25 PM to 9:55:15 PM.
CHAIR STEDMAN clarified that progressivity can be expressed in
percentage or not. If the percent sign is not used, the number
is .00175, which is the language in the bill.
REPRESENTATIVE SAMUELS continued to say that, on this point, he
would agree with Senator French about higher progressivity, but
in terms of the floor and the progressivity and the general rate
this is the middle ground. He added that it's interesting that
Senator French has said that it's all gone down because it's all
gone up from the Senate Version.
SENATOR FRENCH responded he didn't vote for it.
9:56:36 PM
REPRESENTATIVE KERTTULA recalled the consultants said that
Alaskans ought to be able to share in the high side so she was
sorry to see the progressivity come down from the House version.
9:57:10 PM
CHAIR STEDMAN reiterated this compromise is half way between the
Senate bill and the House bill.
A roll call vote was taken. Representative Kelly, Representative
Samuels, Senator Huggins and Senator Stedman voted in favor and
Representative Kerttula and Senator French voted against.
CHAIR STEDMAN announced that the motion passed.
9:57:55 PM
CHAIR STEDMAN addressed Item 9 - Credit for Annual Loss and
moved to adopt 22.8 percent.
CHAIR STEDMAN found no objection and announced that the motion
passed.
9:58:40 PM
REPRESENTATIVE SAMUELS motioned to report SB 2001, as amended by
the Conference Committee, from committee with individual
recommendations and attached fiscal notes.
SENATOR FRENCH objected.
A roll call vote was taken. Senator Huggins, Senator Stedman,
Representative Kelly, and Representative Samuels voted in favor
and Senator French and Representative Kerttula voted against.
CHAIR STEDMAN announced that the motion passed and CCS SB 2001
moved from committee.
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