Legislature(2009 - 2010)
2010-04-18 House JournalFull Journal pdf
2010-04-18 House Journal Page 2477 SB 305 The following, which was advanced to third reading from the April 17, 2010, calendar (page 2424), was read the third time: 2010-04-18 House Journal Page 2478 HOUSE CS FOR CS FOR SENATE BILL NO. 305(FIN) "An Act providing that the tax rate applicable to the production of oil as the average production tax value of oil, gas produced in the Cook Inlet sedimentary basin, and gas produced outside of the Cook Inlet sedimentary basin and used in the state increases above $30 shall be 0.4 percent multiplied by the number that represents the difference between that average monthly production tax value and $30, or the sum of 25 percent and the product of 0.1 percent multiplied by the number that represents the difference between that average monthly production tax value and $92.50, except that the total rate determined in the calculation may not exceed 50 percent; providing for an increase in the rate of tax on the production of gas as the average production tax value on a BTU equivalent barrel basis of gas produced outside of the Cook Inlet sedimentary basin and not used in the state increases above $30; relating to payments of the oil and gas production tax; relating to the lease expenditures that may be deducted when determining production tax value; relating to availability of a portion of the money received from the tax on oil and gas production for appropriation to the community revenue sharing fund; relating to the allocation of lease expenditures and adjustments to lease expenditures; and providing for an effective date." Representative Hawker placed a call of the House on the bill. The call was satisfied. The question being: "Shall HCS CSSB 305(FIN) pass the House?" The roll was taken with the following result: HCS CSSB 305(FIN) Third Reading Final Passage YEAS: 19 NAYS: 21 EXCUSED: 0 ABSENT: 0 Yeas: Austerman, Chenault, Dahlstrom, Fairclough, Gara, Hawker, Herron, Johansen, Johnson, Joule, Kawasaki, Kelly, Millett, Neuman, Olson, Ramras, Stoltze, Thomas, P.Wilson 2010-04-18 House Journal Page 2479 Nays: Buch, Cissna, Crawford, Doogan, Edgmon, N.Foster, Gardner, Gatto, Gruenberg, Guttenberg, Harris, Holmes, Keller, Kerttula, Lynn, Munoz, Petersen, Salmon, Seaton, Tuck, T.Wilson And so, HCS CSSB 305(FIN) failed to pass the House. The House later rescinded previous action on HCS CSSB 305(FIN)(fld H).