Legislature(2005 - 2006)CAPITOL 124
05/04/2005 05:00 PM House OIL & GAS
| Audio | Topic |
|---|---|
| Start | |
| HB297 | |
| Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
| *+ | HB 297 | TELECONFERENCED | |
| *+ | HJR 22 | TELECONFERENCED | |
ALASKA STATE LEGISLATURE
HOUSE SPECIAL COMMITTEE ON OIL AND GAS
May 4, 2005
5:06 p.m.
MEMBERS PRESENT
Representative Vic Kohring, Chair
Representative Norman Rokeberg
Representative Ralph Samuels
Representative Berta Gardner
MEMBERS ABSENT
Representative Nancy Dahlstrom
Representative Lesil McGuire
Representative Beth Kerttula
COMMITTEE CALENDAR
HOUSE BILL NO. 297
"An Act extending and amending the requirements applicable to
the credit that may be claimed for certain oil and gas
exploration expenses incurred in Cook Inlet against oil and gas
properties production (severance) taxes, and amending the credit
against those taxes for certain exploration expenditures from
other leases or properties in the state and, conditionally, for
exploration expenditures made in the Alaska Peninsula
competitive oil and gas areawide lease sale area; and providing
for an effective date."
- MOVED CSHB 297(O&G) OUT OF COMMITTEE
HOUSE JOINT RESOLUTION NO. 22
Strongly encouraging the United States Secretary of the Interior
to conduct additional competitive oil and gas lease sales within
the National Petroleum Reserve-Alaska.
- SCHEDULED BUT NOT HEARD
PREVIOUS COMMITTEE ACTION
BILL: HB 297
SHORT TITLE: OIL& GAS EXPLORATION CREDIT & LEASE TERMS
SPONSOR(S): OIL & GAS
05/03/05 (H) READ THE FIRST TIME - REFERRALS
05/03/05 (H) O&G, FIN
05/03/05 (H) O&G AT 5:00 PM CAPITOL 124
05/03/05 (H) -- Meeting Postponed to 5/4/05 at 5 pm
--
05/04/05 (H) O&G AT 5:00 PM CAPITOL 124
BILL: HJR 22
SHORT TITLE: LEASES IN NATIONAL PETROLEUM RESERVE
SPONSOR(S): OIL & GAS
05/03/05 (H) READ THE FIRST TIME - REFERRALS
05/03/05 (H) O&G, RES
05/03/05 (H) O&G AT 5:00 PM CAPITOL 124
05/03/05 (H) -- Meeting Postponed to 5/4/05 at 5 pm
--
05/04/05 (H) O&G AT 5:00 PM CAPITOL 124
WITNESS REGISTER
CHARISSE MILLET, Staff to Representative Kohring
Alaska State Legislature
Juneau, Alaska
POSITION STATEMENT: As committee aide for the House Special
Committee on Oil and Gas, presented HB 297.
ACTION NARRATIVE
CHAIR VIC KOHRING called the House Special Committee on Oil and
Gas meeting to order at 5:06:24 PM. Representatives Kohring,
Rokeberg, Samuels, and Gardner were present at the call to
order.
HB 297-OIL& GAS EXPLORATION CREDIT & LEASE TERMS
5:06:55 PM
CHAIR KOHRING announced that the only order of business would be
HOUSE BILL NO. 297 "An Act extending and amending the
requirements applicable to the credit that may be claimed for
certain oil and gas exploration expenses incurred in Cook Inlet
against oil and gas properties production (severance) taxes, and
amending the credit against those taxes for certain exploration
expenditures from other leases or properties in the state and,
conditionally, for exploration expenditures made in the Alaska
Peninsula competitive oil and gas area wide lease sale area; and
providing for an effective date." He said that HB 297 is a
reincarnation of House Bill 71, which provides back up to
provide the tax credits the industry feels they need. He added
that this legislation is also important to the administration
because they brought HB 71 before House Special Committee on Oil
and Gas as basically the centerpiece of their efforts to help
encourage Bristol Bay development.
5:07:09 PM
CHARISSE MILLET, Staff to Representative Kohring, Alaska State
Legislature, presented HB 297 on behalf of House Special
Committee on Oil and Gas, sponsor. She relayed that HB 297 is
the exact same legislation as HB 71 which was passed out of
House Finance. The final version is to provide credits south of
the Brooks Range, excluding the Arctic National Wildlife Refuge
(ANWR).
5:07:32 PM
REPRESENTATIVE SAMUELS made a motion to adopt committee
substitute (CS) for HB 297 (O&G), Version G, 24-LS0998\G,
Chenoweth, 5/3/05. There being no objection, CS HB 297 (O&G)
was before the committee.
REPRESENTATIVE SAMUELS moved to report CSHB 297(O&G) out of
committee with individual recommendations and the accompanying
fiscal note. There being no objection, CSHB 297(O&G) was moved
out of House Special Committee on Oil and Gas.
ADJOURNMENT
5:08:02 PM
There being no further business before the committee, the House
Special Committee on Oil and Gas meeting was adjourned at 5:08
p.m.
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