HB 111-OIL & GAS PRODUCTION TAX;PAYMENTS;CREDITS                                                                    
                                                                                                                                
9:00:24 AM                                                                                                                    
                                                                                                                                
CHAIR TARR announced  the only order of business would  be CS FOR                                                               
HOUSE BILL  NO. 111(FIN)(efd  fld), "An Act  relating to  the oil                                                               
and gas  production tax, tax  payments, and credits;  relating to                                                               
interest  applicable to  delinquent oil  and gas  production tax;                                                               
relating to  carried-forward lease  expenditures based  on losses                                                               
and limiting those  lease expenditures to an amount  equal to the                                                               
gross value  at the point of  production of oil and  gas produced                                                               
from  the  lease or  property  where  the lease  expenditure  was                                                               
incurred; relating  to information concerning tax  credits, lease                                                               
expenditures, and oil  and gas taxes; relating  to the disclosure                                                               
of that information  to the public; relating to  an adjustment in                                                               
the gross  value at the  point of  production; and relating  to a                                                               
legislative working  group" and SENATE  CS FOR CS FOR  HOUSE BILL                                                               
NO. 111(FIN),  "An Act  relating to credits  against the  oil and                                                               
gas  production tax;  relating to  the  applicability of  certain                                                               
credits earned  under the oil and  gas production tax to  the tax                                                               
on corporations; relating to tax  credit certificates against the                                                               
oil and  gas production  tax and the  issuance and  assignment of                                                               
those   certificates;   relating   to  interest   applicable   to                                                               
delinquent  taxes; relating  to lease  expenditures; relating  to                                                               
the oil and  gas tax credit fund; and providing  for an effective                                                               
date."                                                                                                                          
                                                                                                                                
CHAIR  TARR  stated  the  Conference  Committee  on  HB  111  was                                                               
operating under Uniform Rule 42.                                                                                                
                                                                                                                                
9:00:54 AM                                                                                                                    
                                                                                                                                
REPRESENTATIVE JOSEPHSON moved to  adopt the committee substitute                                                               
(CS) for HB 111(FIN)(efd fld), Version 30-LS0450\L.A.                                                                           
                                                                                                                                
9:01:13 AM                                                                                                                    
                                                                                                                                
SENATOR GIESSEL objected.                                                                                                       
                                                                                                                                
9:01:13 AM                                                                                                                    
                                                                                                                                
A roll call  vote was taken.  Representatives  Josephson and Tarr                                                               
voted  in favor  of the  motion to  adopt CSHB111(FIN)(efd  fld).                                                               
Representative  Talerico  against it.    Senator  Olson voted  in                                                               
favor of  the motion  to adopt  CSHB111(FIN)(efd fld).   Senators                                                               
Stedman  and Giessel  voted against  it.   Therefore, the  motion                                                               
failed by a vote of 2:1 (House) and 1:2 (Senate).                                                                               
                                                                                                                                
9:02:05 AM                                                                                                                    
                                                                                                                                
SENATOR GIESSEL  moved to  adopt SCS  for CSHB  111(FIN), Version                                                               
30-LS0450\Q.                                                                                                                    
                                                                                                                                
9:02:08 AM                                                                                                                    
                                                                                                                                
CHAIR TARR objected.                                                                                                            
                                                                                                                                
9:02:48 AM                                                                                                                    
                                                                                                                                
A roll  call vote  was taken.   Representative Talerico  voted in                                                               
favor of  the motion to  adopt SCS  CSHB111(FIN). Representatives                                                               
Josephson  and  Tarr voted  against  it.   Senators  Stedman  and                                                               
Giessel voted in  favor of the motion to  adopt SCS CSHB111(FIN).                                                               
Senator Olson voted against it.   Therefore, the motion failed by                                                               
a vote of 1:2 (House) and 2:1 (Senate).                                                                                         
                                                                                                                                
9:02:57 AM                                                                                                                    
                                                                                                                                
CHAIR  TARR announced  the  Conference Committee  on  HB 111  has                                                               
failed   to   adopt   either   CSHB111(FIN)(efd   fld)   or   SCS                                                               
CSHB111(FIN).   She said  the committee will  begin work  to seek                                                               
points of  agreement, and at  the next meeting will  discuss both                                                               
versions of  the bill.   Documents comparing the  multiple issues                                                               
of  the  bill  have  been  provided  to  the  committee  and  are                                                               
available to the public on  the Bill Action Status Inquiry System                                                               
(BASIS).                                                                                                                        
                                                                                                                                
9:04:04 AM                                                                                                                    
                                                                                                                                
SENATOR STEDMAN  inquired as  to the  date and  time of  the next                                                               
meeting.                                                                                                                        
                                                                                                                                
9:04:21 AM                                                                                                                    
                                                                                                                                
REPRESENTATIVE  TARR   suggested  [6/12/17].     After   a  brief                                                               
discussion, she said the next meeting would be posted on BASIS.                                                                 
                                                                                                                                
[HB 111 was held over.]