HB 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.                                                                                  
                                                                                                                                
          HB 297 was SCHEDULED but not HEARD.