HB 23-1103 CO
Severance Tax Revenue Distribution
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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.)
Sponsors (2)
- Ty Winter Republican · primary
- Rod Pelton Republican · primary
Action history (2)
- Feb 13, 2023 House Committee on Finance Postpone Indefinitely · lower
- Jan 23, 2023 Introduced In House - Assigned to Finance · lower
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