Legislature(2009 - 2010)

2010-03-24 House Journal

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2010-03-24                     House Journal                      Page 1863
HB 280                                                                                                                        
The following, which was advanced to third reading from the March                                                               
23, 2010, calendar (page 1839), was read the third time:                                                                        
                                                                                                                                
    CS FOR HOUSE BILL NO. 280(FIN)                                                                                              
    "An Act relating to a gas storage facility; relating to the                                                                 
    Regulatory Commission of Alaska; relating to the participation by                                                           
    the attorney general in a matter involving the approval of a rate or                                                        
    a gas supply contract; relating to an income tax credit for a gas                                                           
    storage facility; relating to oil and gas production tax credits;                                                           
    relating to the powers and duties of the Alaska Oil and Gas                                                                 
    Conservation Commission; relating to production tax credits for                                                             
    certain losses and expenditures, including exploration                                                                      
    expenditures; relating to the powers and duties of the director of                                                          
    the division of lands and to lease fees for a gas storage facility on                                                       
    state land; and providing for an effective date."                                                                           
                                                                                                                                
The Finance Committee submitted the following forthcoming fiscal                                                                
note to accompany its report (page 1813):                                                                                       
                                                                                                                                

2010-03-24                     House Journal                      Page 1864
5.  Zero, House Finance Committee/Dept. of Revenue                                                                              
                                                                                                                                
Representative Petersen moved and asked unanimous consent that                                                                  
CSHB 280(FIN) be returned to second reading for the specific purpose                                                            
of considering Amendment No. 1.  There being no objection, it was so                                                            
ordered.                                                                                                                        
                                                                                                                                
                                                                                                                                
Amendment No. 1 was offered  by Representatives Petersen, Kerttula,                                                              
Crawford, Tuck, Gara, Holmes, Kawasaki, Gardner, Gruenberg,                                                                     
Cissna, Guttenberg, N. Foster, and Buch:                                                                                        
                                                                                                                                
Page 1, line 2, following "Alaska;" (title amendment):                                                                        
    Insert "requiring the Regulatory Commission of Alaska to                                                                  
require a reduction in costs attributable to the application of                                                               
certain tax credits when determining rates;"                                                                                  
                                                                                                                                
Page 6, line 31:                                                                                                                
    Delete "a new subsection"                                                                                                   
    Insert "new subsections"                                                                                                    
                                                                                                                                
Page 7, following line 10:                                                                                                      
    Insert a new subsection to read:                                                                                            
         "(e)  In the establishment of rates to be paid by a consumer or                                                        
    customer under this chapter, the commission shall require that the                                                          
    reduction in costs attributable to credits authorized by                                                                    
    AS 43.20.046 and AS 43.55.023 be used to reduce a rate                                                                      
    determined by the commission. A credit under AS 43.55.023(a)                                                                
    for a qualified capital expenditure incurred in the Cook Inlet                                                              
    sedimentary basin or AS 43.55.023(m) for a Cook Inlet well lease                                                            
    expenditure shall be applied when determining the reduction in                                                              
    costs attributable to the credits, regardless of whether the credits                                                        
    were applied to a tax levied by AS 43.55.011(e) on a producer for                                                           
    oil or gas produced in the Cook Inlet sedimentary basin."                                                                   
                                                                                                                                
Representative Petersen moved and asked unanimous consent that                                                                  
Amendment No. 1 be adopted.                                                                                                     
                                                                                                                                
Representative Hawker objected.                                                                                                 
                                                                                                                                

2010-03-24                     House Journal                      Page 1865
The question being:  "Shall Amendment No. 1 be adopted?"  The roll                                                              
was taken with the following result:                                                                                            
                                                                                                                                
CSHB 280(FIN)                                                                                                                   
Second Reading                                                                                                                  
Amendment No. 1                                                                                                                 
                                                                                                                                
YEAS:  14   NAYS:  23   EXCUSED:  2   ABSENT:  1                                                                              
                                                                                                                                
Yeas:  Buch, Crawford, Doogan, N.Foster, Gara, Gardner, Gruenberg,                                                              
Guttenberg, Holmes, Kawasaki, Kerttula, Petersen, Salmon, Tuck                                                                  
                                                                                                                                
Nays:  Austerman, Chenault, Dahlstrom, Edgmon, Fairclough, Harris,                                                              
Hawker, Herron, Johansen, Joule, Keller, Kelly, Lynn, Millett, Munoz,                                                           
Neuman, Olson, Ramras, Seaton, Stoltze, Thomas, P.Wilson,                                                                       
T.Wilson                                                                                                                        
                                                                                                                                
Excused:  Gatto, Johnson                                                                                                        
                                                                                                                                
Absent:  Cissna                                                                                                                 
                                                                                                                                
And so, Amendment No. 1 was not adopted.                                                                                        
                                                                                                                                
Representative Gara moved and asked unanimous consent that CSHB                                                                 
280(FIN) be returned to second reading for the specific purpose of                                                              
considering Amendment No. 2.  There being no objection, it was so                                                               
ordered.                                                                                                                        
                                                                                                                                
Amendment No. 2 was offered  by Representatives Gara and Hawker:                                                                 
                                                                                                                                
Page 9, line 31:                                                                                                                
    Delete "$15,000,000"                                                                                                        
    Insert "the lesser of $15,000,000 or 25 percent of the costs                                                                
incurred to establish the gas storage facility"                                                                                 
                                                                                                                                
Representative Gara moved and asked unanimous consent that                                                                      
Amendment No. 2 be adopted.                                                                                                     
                                                                                                                                
Representative Hawker objected and withdrew the objection.  There                                                               
being no further objection, Amendment No. 2 was adopted.                                                                        
                                                                                                                                
CSHB 280(FIN) was automatically in third reading.                                                                               
                                                                                                                                

2010-03-24                     House Journal                      Page 1866
The question being:  "Shall CSHB 280(FIN) am pass the House?"  The                                                              
roll was taken with the following result:                                                                                       
                                                                                                                                
CSHB 280(FIN) am                                                                                                                
Third Reading                                                                                                                   
Final Passage                                                                                                                   
                                                                                                                                
YEAS:  38   NAYS:  0   EXCUSED:  2   ABSENT:  0                                                                               
                                                                                                                                
Yeas:  Austerman, Buch, Chenault, Cissna, Crawford, Dahlstrom,                                                                  
Doogan, Edgmon, Fairclough, N.Foster, Gara, Gardner, Gruenberg,                                                                 
Guttenberg, Harris, Hawker, Herron, Holmes, Johansen, Joule,                                                                    
Kawasaki, Keller, Kelly, Kerttula, Lynn, Millett, Munoz, Neuman,                                                                
Olson, Petersen, Ramras, Salmon, Seaton, Stoltze, Thomas, Tuck,                                                                 
P.Wilson, T.Wilson                                                                                                              
                                                                                                                                
Excused:  Gatto, Johnson                                                                                                        
                                                                                                                                
And so, CSHB 280(FIN) am passed the House.                                                                                      
                                                                                                                                
Representative Johansen moved and asked unanimous consent that the                                                              
roll call on the passage of the bill be considered the roll call on the                                                         
effective date clause.  There being no objection, it was so ordered.                                                            
                                                                                                                                
CSHB 280(FIN) am was referred to the Chief Clerk for engrossment.