Colorado Secretary of State logo - cube with a C in it

Colorado
Secretary of State
Wayne W. Williams

Picture of Secretary of State Wayne W. Williams

×
Colorado Secretary of State logo - cube with a C in it

Colorado
Secretary of State
Wayne W. Williams

×

Results for Proposed Initiative #94

Ballot Title Setting Board
2017-2018

The title as designated and fixed by the Board is as follows:

STATE TAXES SHALL BE INCREASED $307,000,000 ANNUALLY BY A CHANGE TO THE COLORADO REVISED STATUTES CONCERNING THE SEVERANCE TAX ON OIL AND GAS EXTRACTED IN THE STATE, AND, IN CONNECTION THEREWITH, INCREASING THE SEVERANCE TAX RATES BY 5 PERCENTAGE POINTS; ELIMINATING A CREDIT AGAINST THE SEVERANCE TAX BASED ON PROPERTY TAXES PAID BY PRODUCERS; REDUCING THE MAXIMUM AMOUNT OF OIL OR GAS THAT A SEVERANCE TAX-EXEMPT WELL MAY PRODUCE WITHOUT ALL PRODUCTION FROM THE WELL BECOMING TAXABLE; EXEMPTING THE SEVERANCE TAX REVENUE AND RELATED INVESTMENT INCOME FROM THE STATE FISCAL YEAR SPENDING LIMIT; REQUIRING 44% OF THE SEVERANCE TAX REVENUE TO BE CREDITED IN EQUAL SHARES TO THE SEVERANCE TAX TRUST FUND AND THE LOCAL GOVERNMENT SEVERANCE TAX FUND AND 56% OF THE SEVERANCE TAX REVENUE TO BE SPENT IN EQUAL SHARES FOR THE PURPOSES OF PROVIDING ALL-DAY KINDERGARTEN AND PUBLIC SCHOOL FUNDING AND PROVIDING MEDICAL CARE AND TREATMENT TO PEOPLE SUFFERING NEGATIVE HEALTH IMPACTS PROXIMATELY CAUSED BY OIL AND GAS PRODUCTION.

The ballot title and submission clause as designated and fixed by the Board is as follows:

SHALL STATE TAXES BE INCREASED $307,000,000 ANNUALLY BY A CHANGE TO THE COLORADO REVISED STATUTES CONCERNING THE SEVERANCE TAX ON OIL AND GAS EXTRACTED IN THE STATE, AND, IN CONNECTION THEREWITH, INCREASING THE SEVERANCE TAX RATES BY 5 PERCENTAGE POINTS; ELIMINATING A CREDIT AGAINST THE SEVERANCE TAX BASED ON PROPERTY TAXES PAID BY PRODUCERS; REDUCING THE MAXIMUM AMOUNT OF OIL OR GAS THAT A SEVERANCE TAX-EXEMPT WELL MAY PRODUCE WITHOUT ALL PRODUCTION FROM THE WELL BECOMING TAXABLE; EXEMPTING THE SEVERANCE TAX REVENUE AND RELATED INVESTMENT INCOME FROM THE STATE FISCAL YEAR SPENDING LIMIT; REQUIRING 44% OF THE SEVERANCE TAX REVENUE TO BE CREDITED IN EQUAL SHARES TO THE SEVERANCE TAX TRUST FUND AND THE LOCAL GOVERNMENT SEVERANCE TAX FUND AND 56% OF THE SEVERANCE TAX REVENUE TO BE SPENT IN EQUAL SHARES FOR THE PURPOSES OF PROVIDING ALL-DAY KINDERGARTEN AND PUBLIC SCHOOL FUNDING AND PROVIDING MEDICAL CARE AND TREATMENT TO PEOPLE SUFFERING NEGATIVE HEALTH IMPACTS PROXIMATELY CAUSED BY OIL AND GAS PRODUCTION?

Hearing January 3, 2018

Single subject approved; staff draft amended; titles set.
Hearing adjourned 10:15 AM.

* Unofficially captioned “Severance Taxes on Oil and Gas” by legislative staff for tracking purposes. This caption is not part of the titles set by the Board.