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CO HB1334

Bill

Status

Passed

5/24/2012

Primary Sponsor

Mary Hodge

Click for details

Origin

House of Representatives

2012 Regular Session

AI Summary

  • Extends severance tax funding for agricultural energy-related projects from fiscal years 2009-10 through 2016-17, with $500,000 annually appropriated from the agriculture value-added cash fund to the Department of Agriculture.

  • Delays the repeal of this funding program from July 1, 2012 to July 1, 2017.

  • Modifies Colorado Revised Statutes Section 39-29-109.3 to extend transfers from the severance tax trust fund's operational account through fiscal year 2016 instead of 2011.

  • Appropriates $500,000 from the agriculture value-added cash fund to the Department of Agriculture for fiscal year beginning July 1, 2012, for implementation of the act.

  • Takes effect July 1, 2012 and includes a safety clause declaring the act necessary for immediate preservation of public peace, health, and safety.

Legislative Description

Severence Tax Funding Agricultural Energy Projects

Last Action

Governor Action - Signed

5/24/2012

Committee Referrals

Committee of the Whole4/17/2012
Agriculture, Livestock, and Natural Resources3/29/2012

Full Bill Text

No bill text available