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Staff Publications

Effective Severance Tax Rates on Oil and Gas

Fiscal Policy & Taxes
Natural Resources & Environment

This memorandum provides information concerning severance taxes in Colorado and eight other western states. The memo provides detailed information on Colorado’s severance tax structure, including estimates for the current value of the ad valorum tax credit and the stripper well exemption. Estimated effective severance tax rates for nine western states are provided, along with a discussion of why the effective tax rate varies from the statutory tax rate. Finally, the memo also provides estimates of severance taxes paid in each county in Colorado derived from the Legislative Council Staff oil and gas severance tax forecast model.

Email addresses for the Colorado legislature have changed from the domain to the domain on December 1, 2022. Details
The effective date for bills enacted without a safety clause (unless otherwise specified) is August 7, 2023. Details
The 2023 Ballot Information Booklet (Blue Book) is now available. Details