Severance Tax Transfers
The bill makes the following one-time transfers:
- $18,259,805 from the severance tax operational fund to the general fund on June 30, 2025;
- $26,086,559 from the severance tax perpetual base fund to the general fund on July 1, 2024; and
- $25 million from the local government severance tax fund to the general fund on July 1, 2024.
The bill appropriates $250,000 from the severance tax operational fund to the department of agriculture.
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)