AK HCR29

Suspends Alaska Legislature Uniform Rules 24(c), 35, 41(b), and 42(e) regarding changes to bill titles to allow consideration of Senate Bill No. 305

Establishes oil production tax rate of 0.4 percent multiplied by the difference between average monthly production tax value and $30 when value exceeds $30

Sets alternative oil tax calculation at 25 percent plus 0.1 percent multiplied by the difference between average monthly production tax value and $92.50, with a maximum rate cap of 50 percent

Increases tax rate on gas production outside Cook Inlet sedimentary basin when average production tax value exceeds $30 on a BTU equivalent barrel basis

Addresses payments of oil and gas production taxes, community revenue sharing fund appropriations, and allocation of lease expenditures and adjustments