ALASKA STATE LEGISLATURE  HOUSE SPECIAL COMMITTEE ON OIL AND GAS  October 27, 2007 2:03 p.m. MEMBERS PRESENT Representative Kurt Olson, Chair Representative Nancy Dahlstrom Representative Mark Neuman Representative Jay Ramras Representative Ralph Samuels Representative Mike Doogan Representative Scott Kawasaki MEMBERS ABSENT  All members present   OTHER MEMBERS PRESENT Representative Bryce Edgmon Representative Anna Fairclough Representative Lindsey Holmes Representative Bob Roses Representative Peggy Wilson COMMITTEE CALENDAR  HOUSE BILL NO. 2001 "An Act relating to the production tax on oil and gas and to conservation surcharges on oil; relating to the issuance of advisory bulletins and the disclosure of certain information relating to the production tax and the sharing between agencies of certain information relating to the production tax and to oil and gas or gas only leases; amending the State Personnel Act to place in the exempt service certain state oil and gas auditors and their immediate supervisors; establishing an oil and gas tax credit fund and authorizing payment from that fund; providing for retroactive application of certain statutory and regulatory provisions relating to the production tax on oil and gas and conservation surcharges on oil; making conforming amendments; and providing for an effective date." - HEARD AND HELD PREVIOUS COMMITTEE ACTION  BILL: HB 2001 SHORT TITLE: OIL & GAS TAX AMENDMENTS SPONSOR(s): RULES BY REQUEST OF THE GOVERNOR 10/18/07 (H) READ THE FIRST TIME - REFERRALS 10/18/07 (H) O&G, RES, FIN 10/19/07 (H) O&G AT 1:30 PM HOUSE FINANCE 519 10/19/07 (H) Heard & Held 10/19/07 (H) MINUTE(O&G) 10/20/07 (H) O&G AT 12:00 AM HOUSE FINANCE 519 10/20/07 (H) Heard & Held 10/20/07 (H) MINUTE(O&G) 10/21/07 (H) O&G AT 1:00 PM HOUSE FINANCE 519 10/21/07 (H) Heard & Held 10/21/07 (H) MINUTE(O&G) 10/22/07 (H) O&G AT 9:00 AM HOUSE FINANCE 519 10/22/07 (H) Heard & Held 10/22/07 (H) MINUTE(O&G) 10/23/07 (H) O&G AT 9:00 AM HOUSE FINANCE 519 10/23/07 (H) Heard & Held 10/23/07 (H) MINUTE(O&G) 10/24/07 (H) O&G AT 9:00 AM HOUSE FINANCE 519 10/24/07 (H) Heard & Held 10/24/07 (H) MINUTE(O&G) 10/25/07 (H) O&G AT 10:00 AM HOUSE FINANCE 519 10/25/07 (H) Heard & Held 10/25/07 (H) MINUTE(O&G) 10/26/07 (H) O&G AT 10:00 AM HOUSE FINANCE 519 10/26/07 (H) Heard & Held 10/26/07 (H) MINUTE(O&G) 10/27/07 (H) O&G AT 2:00 PM HOUSE FINANCE 519 WITNESS REGISTER No witnesses to record ACTION NARRATIVE CHAIR KURT OLSON called the House Special Committee on Oil and Gas meeting to order at 2:03:46 PM. Representatives Olson, Dahlstrom, Neuman, Ramras, Samuels, Doogan, and Kawasaki were present at the call to order. Also present were Representatives Edgmon, Fairclough, Holmes, Roses, and Wilson. HB 2001 - OIL & GAS TAX AMENDMENTS 2:03:46 PM CHAIR OLSON announced that the only order of business would be HOUSE BILL NO. 2001, "An Act relating to the production tax on oil and gas and to conservation surcharges on oil; relating to the issuance of advisory bulletins and the disclosure of certain information relating to the production tax and the sharing between agencies of certain information relating to the production tax and to oil and gas or gas only leases; amending the State Personnel Act to place in the exempt service certain state oil and gas auditors and their immediate supervisors; establishing an oil and gas tax credit fund and authorizing payment from that fund; providing for retroactive application of certain statutory and regulatory provisions relating to the production tax on oil and gas and conservation surcharges on oil; making conforming amendments; and providing for an effective date." 2:04:40 PM REPRESENTATIVE SAMUELS moved to adopt the proposed committee substitute (CS) for HB 2001, Version 25-GH0014\K, Bullock, 10/27/07, as the working document. There being no objection, Version K, was before the committee. CHAIR OLSON stated his optimism concerning Version K. He provided that his intent is to allow the committee an opportunity to review the CS, and not to pass it out of committee today. He called for any amendments to be drafted and made available to his office prior to [the bill's next hearing]. [HB 2001, Version K, was held over.] ADJOURNMENT  There being no further business before the committee, the House Special Committee on Oil and Gas meeting was adjourned at 2:06 p.m.