February 18, 1999

Mr. President:

Your CONSERVATION COMMITTEE, to whom has been referred

has had it under consideration and reports same with recommendation that it DO PASS, amended as follows:

1. On page 2, strike lines 12 through 14, and insert in lieu thereof:

"D. amending the current alternative minimum tax to allow the use of otherwise available tax credits to reduce the alternative minimum tax burden on the oil and gas industry; and".

Respectfully submitted,

__________________________________

Arthur H. Rodarte, Vice-Chairman

Adopted_______________________ Not Adopted_______________________

(Chief Clerk) (Chief Clerk)

Date ________________________

The roll call vote was 6 For 0 Against

Yes: 6

No: None

Excused: Eisenstadt, Feldman, Sanchez, Macias

Absent: None

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