AK SB130 | 2015-2016 | 29th Legislature

Status

Spectrum: Unknown
Status: Introduced on January 19 2016 - 25% progression, died in committee
Action: 2016-04-13 - REFERRED TO FINANCE
Pending: Senate Finance Committee
Text: Latest bill text (Comm Sub) [PDF]

Summary

An Act relating to confidential information status and public record status of information in the possession of the Department of Revenue; relating to interest applicable to delinquent tax; relating to disclosure of oil and gas production tax credit information; relating to refunds for the gas storage facility tax credit, the liquefied natural gas storage facility tax credit, and the qualified in-state oil refinery infrastructure expenditures tax credit; relating to the minimum tax for certain oil and gas production; relating to the minimum tax calculation for monthly installment payments of estimated tax; relating to interest on monthly installment payments of estimated tax; relating to limitations for the application of tax credits; relating to oil and gas production tax credits for certain losses and expenditures; relating to limitations for nontransferable oil and gas production tax credits based on oil production and the alternative tax credit for oil and gas exploration; relating to purchase of tax credit certificates from the oil and gas tax credit fund; relating to a minimum for gross value at the point of production; relating to lease expenditures and tax credits for municipal entities; adding a definition for "qualified capital expenditure"; adding a definition for "outstanding liability to the state"; repealing oil and gas exploration incentive credits; repealing the limitation on the application of credits against tax liability for lease expenditures incurred before January 1, 2011; repealing provisions related to the monthly installment payments for estimated tax for oil and gas produced before January 1, 2014; repealing the oil and gas production tax credit for qualified capital expenditures and certain well expenditures; repealing the calculation for certain lease expenditures applicable before January 1, 2011; making conforming amendments; and providing for an effective date.

Tracking Information

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Title

Tax;credits;interest;refunds;o & G

Sponsors

No sponsor information available at this time.

History

DateChamberAction
2016-04-13SenateREFERRED TO FINANCE
2016-04-13SenateFN3: (REV)
2016-04-13SenateFN1: ZERO(DNR)
2016-04-13SenateAM: WIELECHOWSKI, STEDMAN
2016-04-13SenateNR: COSTELLO, COGHILL, MICCICHE, STOLTZE
2016-04-13SenateDP: GIESSEL
2016-04-13SenateRES RPT CS 1DP 4NR 2AM NEW TITLE
2016-01-19SenateGOVERNOR'S TRANSMITTAL LETTER
2016-01-19SenateFN2: (REV)
2016-01-19SenateFN1: ZERO(DNR)
2016-01-19SenateRES, FIN
2016-01-19SenateREAD THE FIRST TIME - REFERRALS

Subjects


Alaska State Sources


Bill Comments

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