HB 115 could use some tweaking!  
1.  Inflation-proof the PF annually from ANY draw.  The PF Corporation uses about 1.5% for inflation for the the 10-year rolling average when reporting end of FY value.  It was nearly 3% prior to 2008.
2.  Reduce the allocations to the PFD and Govt. Services proportionally.
3.  Make anyone who receives the PFD (that includes kids) contribute at least $50, preferably $100 to a any state income tax.
4.  Make passage of ANY bill regarding PFD restructuring or any income/sales tax CONTINGENT on passage of an oil/gas tax and tax credit restructuring bill that includes raising the gross minimum tax/BBL to 6% at the well head, remove any reference to untaxed "new oil", and eliminate all oil tax credits, period.

Note:  HB 115 as written, appears to allow the taxpayer to use the PFD first to pay the state income tax. This allows those of us who use the federal standard deduction to avoid paying federal tax on that portion of the PFD.