Search Form
First, enter a politician or zip code
Now, choose a category

Key Votes

HB 247 - Amends Oil and Gas Tax Credit System - Alaska Key Vote

Paul Seaton voted Nay (Conference Report Vote) on this Legislation.

Read statements Paul Seaton made in this general time period.

Timeline

Issues Related to HB 247

Stage Details

Legislation - Conference Report Adopted (House) (21-19) - (Key vote)
See How Your Politicians Voted

Title: Amends Oil and Gas Tax Credit System

Vote Result
Yea Votes
Nay Votes
Vote Smart's Synopsis:

Vote to pass a conference report that amends the oil and gas tax credit system.

Highlights:
  • Authorizes the Alaska Retirement Management Board to purchase transferable tax credits and production tax credits at 60 percent of the face value, and to sell the credits to the Department of Revenue for full face value (Sec. 1).
  • Prohibits an individual from taking a tax credit for a qualified capital expenditure incurred to explore for, develop, or produce oil or gas in the Cook Inlet sedimentary basin after January 1, 2018 (Sec. 17).
  • Prohibits the Department of Revenue from purchasing more than $70 million in tax credit certificates from an individual in a calendar year (Sec. 34).
  • Prohibits the Department of Revenue from purchasing tax credit certificates from an applicant whose average daily production of taxable oil and gas is more than 15,000 British thermal unit (BTU) equivalent barrels during a calendar year (Sec. 34).
Legislation - Conference Report Adopted (Senate) (13-6) - (Key vote)
See How Your Politicians Voted

Title: Amends Oil and Gas Tax Credit System

Vote Result
Yea Votes
Nay Votes
Vote Smart's Synopsis:

Vote to pass a conference report that amends the oil and gas tax credit system.

Highlights:
  • Authorizes the Alaska Retirement Management Board to purchase transferable tax credits and production tax credits at 60 percent of the face value, and to sell the credits to the Department of Revenue for full face value (Sec. 1).
  • Prohibits an individual from taking a tax credit for a qualified capital expenditure incurred to explore for, develop, or produce oil or gas in the Cook Inlet sedimentary basin after January 1, 2018 (Sec. 17).
  • Prohibits the Department of Revenue from purchasing more than $70 million in tax credit certificates from an individual in a calendar year (Sec. 34).
  • Prohibits the Department of Revenue from purchasing tax credit certificates from an applicant whose average daily production of taxable oil and gas is more than 15,000 British thermal unit (BTU) equivalent barrels during a calendar year (Sec. 34).
Legislation - Concurrence Vote Failed (House) (14-24) -
Legislation - Bill Passed With Amendment (Senate) (14-6) -
Legislation - Bill Passed (House) (25-12) - (Key vote)
See How Your Politicians Voted

Title: Amends Oil and Gas Tax Credit System

Vote Result
Yea Votes
Nay Votes
Vote Smart's Synopsis:

Vote to pass a bill that amends the oil and gas tax credit system.

Highlights:
  • Authorizes the Alaska Retirement Management Board to purchase transferable tax credits and production tax credits at 60 percent of the face value, and to sell the credits to the Department of Revenue for full face value (Sec. 1).
  • Prohibits an individual from taking a tax credit for a qualified capital expenditure incurred to explore for, develop, or produce oil or gas in the Cook Inlet sedimentary basin after July 1, 2016 (Sec. 22).
  • Establishes a legislative working group to analyze the Cook Inlet fiscal regime for oil and gas, review the state’s tax structure and rates, and recommend changes to the legislature (Sec. 60).
  • Prohibits the Department of Revenue from purchasing more than $70 million in tax credit certificates from an individual in a calendar year (Sec. 34).
  • Prohibits the Department of Revenue from purchasing tax credit certificates from an applicant whose average daily production of taxable oil and gas is more than 15,000 British thermal unit (BTU) equivalent barrels during a calendar year (Sec. 34).
Legislation - Introduced (House) -

Title: Amends Oil and Gas Tax Credit System

Committee Sponsors

Skip to top

Help us stay free for all your Fellow Americans

Just $5 from everyone reading this would do it.

Thank You!

You are about to be redirected to a secure checkout page.

Please note:

The total order amount will read $0.01. This is a card processor fee. Please know that a recurring donation of the amount and frequency that you selected will be processed and initiated tomorrow. You may see a one-time charge of $0.01 on your statement.

Continue to secure page »

Back to top