i_wrrc_2018a_2018-06-19t09:02:23z1 Hearing Summary

PUBLIC
BILL SUMMARY For SEVERANCE TAX REVENUE

INTERIM COMMITTEE WATER RESOURCES REVIEW COMMITTEE
Date 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.