SB 129 — An Act relating to the oil and gas production tax; relating to credits against the oil and gas production tax; relating to payments of the oil and gas production tax; relating to lease expenditures and adjustments to lease expenditures; making public certain information related to the oil and gas production tax; relating to the Department of Revenue; and providing for an effective date.
Last action — (S) Referred to RESOURCES
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✓Introduced
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2In Committee
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3Passed Senate
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4Passed House
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5To Executive
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6Enacted
This bill died with 31st Legislature (2019-2020). It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
Bill Text
- SB0129A View text Current html
AI-generated reading aid from the bill's amendatory text — verify against the official bill.
This bill modifies the oil and gas production tax structure and increases public access to certain tax-related information.
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AS 40.25.100(a)
AS 43.05.230(i) - (l)→ AS 43.05.230(i) - (m)This change expands exemptions under which certain taxpayer information can be made public.
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AS 43.05.230
(m) The information provided by a producer to the department on a return for the payment of oil production taxes assessed under AS 43.55.011(q) is public information.
This adds that oil production tax return information is now considered public.
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AS 43.55.011(e)
AND→ (p), (q), and (s)This includes additional subsections for oil and gas tax definitions.
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AS 43.55.011(f)
[AND]This updates tax levies related to oil and gas production.
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AS 43.55.011
(q) There is levied on the producer of oil or gas a tax for all oil produced from each major oil field each month of the calendar year,...
This establishes a new tax framework for oil produced from major oil fields.
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AS 43.55.011
(r) For each month of a calendar year for which the average monthly production tax value...
This introduces an additional tax calculation for oil production based on monthly values.
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AS 43.55.011
(s) For each month of the calendar year, the levy of tax under (q) of this section for oil produced from each major oil field may not be less than...
This sets minimum tax rates for oil produced from major oil fields based on oil prices.
Action History
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(S) Referred to RESOURCES
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(S) RES, FIN
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(S) Read the first time - REFERRALS
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(S) Prefile released 1/10/20
Sponsors
- Bill Wielechowski · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 64 not signed on
Sponsors (1)
Co-sponsors (0)
None.
Not signed on (64)
64 members have not signed on to this bill.
Show all 64 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- Who sponsors SB 129?
- SB 129 is sponsored by Bill Wielechowski (D).
- What is the current status of SB 129?
- This bill died with 31st Legislature (2019-2020). It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track SB 129?
- Track SB 129 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes 3 months ago · updated continuously
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