HB23-1103
Severance Tax Revenue Distribution
| Type | Bill |
|---|---|
| Session | 2023 Regular Session |
| Subjects |
Concerning the distribution of severance tax funds to counties that are economically impacted by the industries on which severance taxes are imposed.
Bill 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.
(Note: This summary applies to this bill as introduced.)
Committees
House
Finance
Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 01/23/2023 | Introduced |
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 23-1103 to the Committee on Appropriations. | The motion failed on a vote of 1-10. | Vote summary |
| Postpone House Bill 23-1103 indefinitely. | The motion passed on a vote of 10-1. | Vote summary |
| Date | Location | Action |
|---|---|---|
| 02/13/2023 | House | House Committee on Finance Postpone Indefinitely |
| 01/23/2023 | House | Introduced In House - Assigned to Finance |
Prime Sponsor
Co-Sponsor
(None)