Legislature(2009 - 2010)
2010-03-31 Senate JournalFull Journal pdf
2010-03-31 Senate Journal Page 2044 SB 305 The Finance Committee considered SENATE BILL NO. 305 "An Act relating to the tax on oil and gas production; and providing for an effective date" and recommended it be replaced with CS FOR SENATE BILL NO. 305(FIN) "An Act relating to that part of the tax on oil and gas production that increases the rate of tax as the production tax value of oil or the BTU equivalent barrel of gas increases above $30, separating the determination of that rate between oil and gas, and making that rate distinct between oil and gas; 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." Signing do pass: Senators Hoffman, Stedman, Cochairs; Senators Thomas, Egan, Olson, Ellis. Signing amend: Senator Huggins. The following fiscal information was published today: Fiscal Note No. 1, zero, Senate Finance Committee The bill was referred to the Rules Committee.