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IN SR0066
Resolution
Status
Introduced
3/24/2011
Primary Sponsor
John Waterman
Click for details
AI Summary
- Senate urges the legislative council to assign the Natural Resources Study Committee to study mineral extraction and severance of minerals in Indiana
- Indiana has 57 billion tons of unmined coal, with 17 billion tons recoverable using current technology, representing over 500 years of supply at current production rates
- 38 states have extraction and severance taxes; Indiana enacted a petroleum severance tax in 1947 but every state with mineral wealth except Pennsylvania imposes such a tax
- Mineral extraction imposes significant social costs on rural communities including increased road wear requiring reconstruction, heavy truck traffic from drilling operations, demand for public safety services, and rapidly rising housing costs
- Severance tax revenue supports state and local services including education, health care, environmental protection, early childhood education, and support for persons with disabilities
Legislative Description
Urging study of mineral extraction and severance in the state of Indiana.
Last Action
First reading: referred to Committee on Agriculture and Natural Resources
3/24/2011
Full Bill Text
No bill text available