HB18-1201
Severance Tax Voter-approved Revenue Change
| Type | Bill |
|---|---|
| Session | 2018 Regular Session |
| Subjects |
Concerning a voter-approved revenue change to allow the state to retain and spend an amount equal to state severance tax revenues.
Bill Summary:
The bill requires the secretary of state to refer a ballot issue at the general election held on November 6, 2018, to seek voter approval for the state to retain and spend an amount equal to state severance tax revenue. The change only has effect in years when the state would otherwise be required to make a refund under section 20 of article X of the state constitution (TABOR) and is conditioned on the state not:
- Repealing or reducing any of the existing severance tax exemptions or credits; or
- Reducing the percentage of the severance tax revenue that is allocated to local governments.
(Note: This summary applies to this bill as introduced.)
Committees
Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 02/05/2018 | Introduced |
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment L.002 [Attachment B]. | The motion passed on a vote of 7-6. | Vote summary |
| Refer House Bill 18-1201, as amended, to the Committee on Appropriations. | The motion failed on a vote of 1-12. | Vote summary |
| Postpone House Bill 18-1201 indefinitely using a reversal of the previous roll call. There was no objection to the use of the reverse roll call, therefore, the bill was postponed indefinitely. | The motion passed on a vote of 12-1. | Vote summary |
| Date | Location | Action |
|---|---|---|
| 04/09/2018 | House | House Committee on Finance Postpone Indefinitely |
| 02/05/2018 | House | Introduced In House - Assigned to Finance + Appropriations |