HB 18-1201

  • Colorado House Bill
  • 2018 Regular Session
  • Introduced in House Feb 05, 2018
  • House
  • Senate
  • Governor

Severance Tax Voter-approved Revenue Change

Abstract

The bill requires the secretary of state to refer a ballot issue at the general election held on November 6, 2018, to seek voter approval for the state to retain and spend an amount equal to state severance tax revenue. The change only has effect in years when the state would otherwise be required to make a refund under section 20 of article X of the state constitution (TABOR) and is conditioned on the state not: Repealing or reducing any of the existing severance tax exemptions or credits; or Reducing the percentage of the severance tax revenue that is allocated to local governments. If the state does any of these actions, then the state's authority to retain and spend revenues based on the voters' approval of the referred ballot issue is rescinded at that time and going forward. (Note: This summary applies to this bill as introduced.) , Read More

Bill Sponsors (2)

Votes


No votes to display

Actions


Apr 09, 2018

House

House Committee on Finance Postpone Indefinitely

Finance

Feb 05, 2018

House

Introduced In House - Assigned to Finance + Appropriations

  • Introduction
Finance Appropriations

Bill Text

Bill Text Versions Format
Committee Amendment PDF
Introduced (02/05/2018) PDF

Related Documents

Document Format
Fiscal Note FN1 (04/02/2018) PDF
Fiscal Note FN2 (08/13/2018) PDF

Sources

Data on Open States is updated nightly from the official website of the Colorado General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.