LEG00244

• Bill Number: SB79-147
• Year: 1979
• Title: Concerning the Allocation of Revenues Derived from the Various Severance Taxes Imposed by the State
• Legislation - Doc Type: Other CWCB Related Bills - Killed

r:::.
1";"
~, }~.

r
I
,../
3
4
5
6
7
8
9
10
11
12
13
J 14

LDO NO. 79 0446/1 First Regular Session
Fifty-second General Assembly

SENATE BILL No.14~J

STATE OF COLORADO

AGRICULTURE,
NATURAL RESOURCES & ENERGY

BY SENATOR Soash; also REPRESENTATIVE Hinman.

A BILL FOR AN ACT
1 CONCERNING THE ALLOCATION OF REVENUES DERIVED FROM THE VARIOUS
2 SEVERANCE TAXES IMPOSED BY THE STATE.

Bi 11 Summary

(Note: This summary applies to this bill as introduced and
does not necessaril reflect any amendments which may be
subsequently adopted.

Changes allocation of severance tax revenues as between
state and local governments.

Be it enacted ~ the General Assembly of the State of Colorado:
\
SECTION 1. 39-29-108 (l)(b), (l)(c)(I), (l)(c)(II),

(l)(c)(III), (l)(d)(I), (l)(d)(II), and (l)(d)(III), Colorado

Revised Statutes 1973, as amended, are amended to read:

39-29-108. Allocation of severance tax revenues. (1)

(b) For oil shale, forty percent to the state general fund Torty

pereent-to-the-state-severanee-tax-trast-Tand-ereated-by--seet;on

39-f9-i69, and twenty SIXTY percent to the local government
severance tax fund created by section 39-29-110;
(c) (I) For fiscal years ending on or before June 30, 1979,
seventy percent to the state general fund twenty-pereent--to~-the
state--severanee-tax-trast-Tand-ereated-by-seetion-39-f9-i69, and

Capital/etters indicate new materia/ to be added to existing statute.
Dashes through the words indicate deletions from existing statute.

"