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Staff Publications

Effective Severance Tax Rates on Oil and Gas

Subjects
Fiscal Policy & Taxes
Natural Resources & Environment
Published
01/12/2018

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.

Pursuant to HJR20-1007, the Second Regular Session of the 72nd General Assembly is Temporarily Adjourned until 10:00 a.m., Monday, March 30, 2020. 

COVID-19 Resources

Temporary Guidelines for Review and Comment Meetings

The legislature will meet in limited session on Monday, March 30th. The Capitol will be open for the duration of the session for those with essential business related to the session. The building will not be available for public tours. People without essential business are encouraged to access the session through the General Assembly website and Colorado Channel.  Anybody with essential business related to the session will be required to practice appropriate social distancing measures.