First Regular Session
Sixty-second General Assembly
LLS NO. 99-0616.01 Gregg Fraser HOUSE BILL 99-1233
STATE OF COLORADO
BY REPRESENTATIVES Miller, Taylor, George, and Smith;
also SENATORS Wattenberg, Chlouber, and Dyer.
AGRICULTURE, LIVESTOCK, & NATURAL RESOURCES
A BILL FOR AN ACT
101 CONCERNING THE EXTENSION OF THE REQUIREMENT THAT THE AMOUNT OF
102 NET SEVERANCE TAX REVENUES DISTRIBUTED TO THE STATE
103 SEVERANCE TAX TRUST FUND IN A FISCAL YEAR IS REDUCED AS
104 NEEDED TO ENSURE THAT THE LOCAL GOVERNMENT SEVERANCE
105 TAX FUND WILL RECEIVE THE SAME AMOUNT OF NET SEVERANCE
106 TAX REVENUES AS IN THE PREVIOUS FISCAL YEAR.
Bill Summary
(Note: This summary applies to this bill as introduced and does
not necessarily reflect any amendments that may be subsequently
adopted.)
Eliminates the automatic repeal of the statutory provision that
requires the reduction of the amount of severance tax revenues distributed
to the state severance tax trust fund in a fiscal year as needed to ensure
that the local government severance tax fund will receive the same
amount of severance tax revenues as in the previous fiscal year.
1 Be it enacted by the General Assembly of the State of Colorado:
2 SECTION 1. Repeal. 39-29-108 (2.5) (b), Colorado Revised
3 Statutes, is repealed as follows:
4 39-29-108. Allocation of severance tax revenues. (2.5) (b) This
5 subsection (2.5) is repealed, effective June 30, 1999.
6 SECTION 2. Safety clause. The general assembly hereby finds,
[ ] denotes HOUSE amendment. { } denotes SENATE amendment.
Capital letters indicate new material to be added to existing statute.
Dashes through the words indicate material to be deleted from existing statute.
Page 2
1 determines, and declares that this act is necessary for the immediate
2 preservation of the public peace, health, and safety.