HB 23-1103
signedSeverance Tax Revenue Distribution
Plain-English Summary
AI-generatedHouse Bill 23-1103, which has been signed into law, requires the state treasurer to give 60% of severance taxes collected from companies that extract and process minerals and fuels directly back to the counties where these activities take place. The money must be used by the counties for building or improving roads, schools, or other local infrastructure. This bill impacts counties with significant mineral extraction industries and ensures they receive a larger portion of tax revenue to support their communities' needs.
Official Summary
The bill requires the state treasurer to transfer 60% of the severance taxes paid by an entity that are attributable to the developing, processing, or energy conversion of minerals and mineral fuels subject to taxation in a county in a given tax year to that same county. A county that receives a transfer in accordance with the bill shall use the transferred funds for building or improving roads, schools, or local infrastructure.(Note: This summary applies to this bill as introduced.)
Details
- Chamber
- House
- First action
- 2023-02-13
- Latest action
- 2023-01-23
- Last action desc.
- Introduced In House - Assigned to Finance
- OpenStates
- View source ↗
Related Legislation
This bill affects (20)
amendsHB 18-1338(2018A)· signedReduced Revenue Severance Tax Operational Fund Transfers
amendsSB 18-218(2018A)· signedColorado Water Conservation Board Construction Fund Project
amendsHB 22-1394(2022A)· signedFund Just Transition Community And Worker Supports
amendsSB 18-003(2018A)· signedColorado Energy Office
amendsSB 17-260(2017A)· signedSeverance Tax Cash Fund Transfers To General Fund
amendsHB 17-1373(2017A)· failedGeneral Fund Transfers For CO Colorado Energy Office Cash Funds
amendsHB 22-1391(2022A)· signedModifications To Severance Tax
amendsHB 17-1248(2017A)· signedColorado Water Conservation Board Construction Fund Project
amendsSB 17-301(2017A)· signedEnergy-related Statutes
relatesSB 22-013(2022A)· signedBoards And Commissions
relatesHB 22-1133(2022A)· signedFamily And Medical Leave Insurance Fund
relatesSB 18-218(2018A)· signedColorado Water Conservation Board Construction Fund Project
relatesHB 17-1047(2017A)· signedReporting Requirements By Department of Local Affairs To General Assembly
relatesSB 17-260(2017A)· signedSeverance Tax Cash Fund Transfers To General Fund
relatesHB 22-1174(2022A)· signedDepartment of Higher Education Supplemental
relatesHB 22-1177(2022A)· signedDepartment of Natural Resources Supplemental
relatesHB 22-1179(2022A)· signedDepartment of Public Health & Environment Supplemental
relatesHB 17-1257(2017A)· signedReporting Requirements By Department Of Natural Resources To General Assembly
relatesHB 18-1338(2018A)· signedReduced Revenue Severance Tax Operational Fund Transfers
relatesHB 17-1248(2017A)· signedColorado Water Conservation Board Construction Fund Project
Affected by (59)
amendsSB 25-317(2025A)· signedTransfer Cash Fund Investment Earnings to General Fund
amendsSB 25-040(2025A)· signedFuture of Severance Taxes & Water Funding Task Force
amendsSB 25-037(2025A)· signedCoal Transition Grants
amendsSB 23-016(2023A)· signedGreenhouse Gas Emission Reduction Measures
relatesHB 24-1186(2024A)· signedDepartment of Higher Education Supplemental
relatesHB 24-1180(2024A)· signedDepartment of Agriculture Supplemental
relatesSB 25-040(2025A)· signedFuture of Severance Taxes & Water Funding Task Force
relatesSB 23-128(2023A)· signedDepartment of Public Health & Environment Supplemental
relatesSB 23-112(2023A)· signedDepartment of Agriculture Supplemental
relatesHB 25-1061(2025A)· signedCommunity Schoolyards Grant Program
relatesHB 26-1165(2026A)· signedDepartment of Public Health & Environment Supplemental
relatesSB 23-124(2023A)· signedDepartment of Local Affairs Supplemental
relatesHB 24-1192(2024A)· signedDepartment of Local Affairs Supplemental
relatesHB 24-1196(2024A)· signedDepartment of Public Health & Environment Supplemental
relatesSB 24-135(2024A)· signedModification of State Agency & Department Reporting Requirements
relatesHB 24-1367(2024A)· signedRepeal Severance Tax Exemption for Stripper Wells
relatesSB 24-174(2024A)· signedSustainable Affordable Housing Assistance
relatesSB 25-104(2025A)· signedDepartment of Public Health & Environment Supplemental
relatesSB 25-100(2025A)· signedDepartment of Local Affairs Supplemental
relatesSB 25-256(2025A)· signedFunds for Support of Digital Trunked Radio System
relatesHB 26-1161(2026A)· signedDepartment of Local Affairs Supplemental
relatesHB 26-1166(2026A)· signedDepartment of Public Safety Supplemental
relatesSB 25-094(2025A)· signedDepartment of Higher Education Supplemental
relatesHB 24-1410(2024A)· signedChanges to Just Transition Office
relatesSB 23-118(2023A)· signedDepartment of Higher Education Supplemental
relatesSB 23-126(2023A)· signedDepartment of Natural Resources Supplemental
relatesSB 23-139(2023A)· signedState Severance Tax Trust Fund Allocation
relatesSB 23-238(2023A)· signedSmall Communities Water and Wastewater Grant Fund
relatesHB 24-1194(2024A)· signedDepartment of Natural Resources Supplemental
relatesHB 26-1362(2026A)· signedRepeal Decarbonization Tax Credits Administration Fund
relatesHB 26-1387(2026A)· signedSeverance Tax Fund Expenditures
relatesSB 26-142(2026A)· signedDevelopment of Thermal Energy Resources
relatesSB 24-127(2024A)· signedRegulate Dredged & Fill Material State Waters
relatesHB 24-1435(2024A)· signedColorado Water Conservation Board Projects
relatesHB 24-1379(2024A)· signedRegulate Dredge & Fill Activities in State Waters
relatesSB 25-102(2025A)· signedDepartment of Natural Resources Supplemental
relatesSB 25-088(2025A)· signedDepartment of Agriculture Supplemental
relatesSB 23-250(2023A)· signedTransfer From Severance Tax Operations Cash Fund
relatesHB 23-1272(2023A)· signedTax Policy That Advances Decarbonization
relatesSB 23-285(2023A)· signedEnergy And Carbon Management Regulation In Colorado
relatesSB 23-177(2023A)· signed2023 Colorado Water Conservation Board Water Projects Appropriations
relatesHB 26-1150(2026A)· signedDepartment of Agriculture Supplemental
relatesHB 26-1156(2026A)· signedDepartment of Higher Education Supplemental
relatesHB 26-1163(2026A)· signedDepartment of Natural Resources Supplemental
repealsSB 25-317(2025A)· signedTransfer Cash Fund Investment Earnings to General Fund
repealsSB 25-307(2025A)· signedDecarbonization Tax Credits Administration Cash Fund
repealsHB 26-1362(2026A)· signedRepeal Decarbonization Tax Credits Administration Fund
repealsSB 25-264(2025A)· signedCash Fund Transfers to the General Fund
repealsSB 25-283(2025A)· signedFunding Water Conservation Board Projects
repealsHB 23-1121(2023A)· signedRepeal Of Infrequently Used Tax Expenditures
repealsSB 24-214(2024A)· signedImplement State Climate Goals
repealsHB 26-1405(2026A)· signedCash Fund Transfers to General Fund