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Legislative Year: 2023 Change
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Bill Detail: HB23-1103

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Title Severance Tax Revenue Distribution
Status Introduced In House - Assigned to Finance (01/23/2023)
Bill Subjects
  • Fiscal Policy & Taxes
House Sponsors T. Winter (R)
Senate Sponsors R. Pelton (R)
House Committee Finance
Senate Committee
Date Introduced 01/23/2023
Summary

The bill requires the state treasurer to transfer 60% of the
severance taxes paid by an entity that are attributable to the developing,
processing, or energy conversion of minerals and mineral fuels subject to
taxation in a county in a given tax year to that same county. A county that
receives a transfer in accordance with the bill shall use the transferred
funds for building or improving roads, schools, or local infrastructure.

Committee Reports
with Amendments
None
Full Text
Full Text of Bill (pdf) (most recent)
Fiscal Notes  
Additional Bill Documents Bill Documents
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