i_wrrc_2018a_2018-06-19t09:02:23z1 Hearing Summary CLICS/CLICS2018A/commsumm.nsfPUBLICBILL SUMMARY For SEVERANCE TAX REVENUEINTERIM COMMITTEE WATER RESOURCES REVIEW COMMITTEEDate Jun 19, 2018 Location HCR 0112 Severance Tax Revenue - Committee Discussion Only 09:35:57 AM Larson Silbaugh, Legislative Council Staff, presented an overview of severance tax revenue in Colorado. The presentation can be found at: http://leg.colorado.gov/node/1221201/. 09:45:42 AM Mr. Silbaugh responded to committee questions regarding the recent Supreme Court decision resulting from the BP America Production Co. court case, and its impact on state severance tax revenue. 09:50:58 AM Bill Levine, Department of Natural Resources, presented an overview of how severance tax collections are spent in the state. A copy of the presentation can be found at: http://leg.colorado.gov/node/1221201/. 10:03:11 AM Carly Jacobs, Department of Natural Resources, discussed how the Severance Tax Operational Fund is spent within the department. 10:10:20 AM Mr. Levine responded to committee questions regarding recent severance tax collections and other potential revenue sources to fund large water projects in the state. 10:13:17 AM Mr. Silbaugh and Ms. Jacobs responded to committee questions regarding tax refunds related to the BP court case.