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<br />J. William McDonald
<br />January 10, 1980
<br />Page two
<br />
<br />Before June 30, 1981 - 20% State General Fund
<br />35% State Severance Tax Trust Fund
<br />45% Local Government Severance Tax Fund
<br />After June 30, 1981 50% Severance Tax Trust Fund
<br />50% Local Government Severance Tax Fund
<br />
<br />2. Using the Above Stated Formula and Using Current Data the Severance
<br />Tax Trust Fund would Yield:
<br />
<br />A. FY 1978-1979 (Actual) Revenues Severance Tax Trust Fund
<br /> Oil and Gas $ 6,469,810 -0-
<br /> Oil Shale -0- -0-
<br /> Mo1ybdeum 4,376,636 $ 875,327
<br /> Coal and Metals 8,182,408 1,227,36l
<br /> Total $ 2,102,688
<br />B. FY 1979-1980 (Es t . )
<br /> Oil and Gas 7,500,000 -0-
<br /> Oil Shale -0- -0-
<br /> Molybdeum 5,000,000 1,500,000
<br /> Coal and Metals 9,500,000 2,375,000
<br /> Total $ 3,875,000
<br />
<br />C. FY 1980-1981 (Est.)
<br />
<br />Oil and Gas
<br />Oil Shale
<br />Mo1ybdeum
<br />Coal and Metals
<br />
<br />8,840,000
<br />-0-
<br />5,980,000
<br />11,180,000
<br />
<br />Total
<br />
<br />-0-
<br />-0-
<br />2,392,000
<br />3,913,000
<br />$ 6,305,000
<br />
<br />D. FY 1981-1982 (Est.)
<br />
<br />Oil and Gas
<br />Oil Shale
<br />Molybdeum
<br />Coal and. Metals
<br />
<br />10,200,000
<br />-0-
<br />6,900,000
<br />12,900,000
<br />
<br />Total
<br />
<br />5,100,000
<br />-0-
<br />3,450,000
<br />6,450,000
<br />$15,000,000
<br />
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