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HB24-1413

Severance Tax Transfers

Concerning transfers from funds that include severance tax revenue, and, in connection therewith, making an appropriation.
Session:
2024 Regular Session
Subject:
State Revenue & Budget
Bill Summary

Joint Budget Committee. Under existing law, the general assembly may annually appropriate up to $450,000 from the severance tax operational fund to the conservation district grant fund. The bill increases the maximum amount to $700,000.

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.)

Status

Introduced
Passed

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Bill Text

  • All Versions (7 )
    Date Bill Type Documents
    05/23/2024 Signed Act PDF
    05/15/2024 Final Act PDF
    04/05/2024 Rerevised PDF
    04/04/2024 Revised PDF
    04/01/2024 Reengrossed PDF
    03/28/2024 Engrossed PDF
    03/25/2024 Introduced PDF

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