Alaska House Bill 277 (Prior Session Legislation)

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Spectrum: Unknown
Status: Introduced on January 24 2014 - 25% progression, died in committee
Action: 2014-01-24 - REFERRED TO RESOURCES
Pending: House Resources Committee
Text: Latest bill text (Introduced) [PDF]

An Act relating to the purposes of the Alaska Gasline Development Corporation to advance to develop a large-diameter natural gas pipeline project, including treatment and liquefaction facilities; establishing the large-diameter natural gas pipeline project fund; creating a subsidiary related to a large-diameter natural gas pipeline project, including treatment and liquefaction facilities; relating to the authority of the commissioner of natural resources to negotiate contracts related to North Slope natural gas projects, to enter into confidentiality agreements in support of contract negotiations and implementation, and to take custody of gas delivered to the state under an election to pay the oil and gas production tax in kind; relating to the sale, exchange, or disposal of gas delivered to the state under an election to pay the oil and gas production tax in kind; relating to the duties of the commissioner of revenue to direct the disposition of revenues received from gas delivered to the state in kind and to consult with the commissioner of natural resources on the custody and disposition of gas delivered to the state in kind; relating to the authority of the commissioner of natural resources to propose modifications to existing state oil and gas leases; making certain information provided to the Department of Natural Resources and the Department of Revenue exempt from inspection as a public record; making certain tax information related to an election to pay the oil and gas production tax in kind exempt from tax confidentiality provisions; relating to establishing under the oil and gas production tax a gross tax rate for gas after 2021; making the alternate minimum tax on oil and gas produced north of 68 degrees North latitude after 2021 apply only to oil; relating to apportionment factors of the Alaska Net Income Tax Act; authorizing a producer's election to pay the oil and gas production tax in kind for certain gas and relating to the authorization; relating to monthly installment payments of the oil and gas production tax; relating to interest payments on monthly installment payments of the oil and gas production tax; relating to settlements between producers and royalty owners for oil and gas production tax; relating to annual statements by producers and explorers; relating to annual production tax values; relating to lease expenditures; amending the definition of gross value at the 'point of production' for gas for purposes of the oil and gas production tax; adding definitions related to natural gas terms; clarifying that credit may not be taken against the in-kind levy of the oil and gas production tax for gas for purposes of the exploration incentive credit, the oil or gas producer education credit, and the film production tax credit; making conforming amendments; and providing for an effective date.

Gas Pipeline; Agdc; Oil & Gas Prod. Tax

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Date	Chamber	Action
2014-01-24	House	REFERRED TO RESOURCES
2014-01-24	House	GOVERNOR'S TRANSMITTAL LETTER
2014-01-24	House	FN4: (REV)
2014-01-24	House	FN3: (DNR)
2014-01-24	House	FN2: (CED)
2014-01-24	House	FN1: (CED)
2014-01-24	House	RES, L&C, FIN
2014-01-24	House	READ THE FIRST TIME - REFERRALS

Type	Source
Summary	https://www.legis.state.ak.us/basis/get_bill.asp?session=28&bill=HB277
Text	https://www.legis.state.ak.us/PDF/28/Bills/HB0277A.PDF