Key Votes
HB 210 - Restrictions on the Use of Severance Tax Revenue - Key Vote
Utah Key Votes
Stages
Family
Issues
Note
NOTE: THIS IS A SUBSTITUTE BILL, MEANING THE LANGUAGE OF THE ORIGINAL BILL HAS BEEN REPLACED. THE DEGREE TO WHICH THE SUBSTITUTE BILL TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.
Stage Details
Legislation - Bill Failed (House) (36-39) - Feb. 6, 2012 (Key vote)
Title: Restrictions on the Use of Severance Tax Revenue
Vote to pass a bill that requires revenue from the severance tax on oil, gas and mining be removed from the state's general fund and credited to the permanent state trust fund.
-Requires that the state trust fund be credited revenue from the severance tax on oil, gas, and mining which exceeds (Sec. 2):
-$76.72 million in the fiscal year 2012-13;
-$57.54 million in the fiscal year 2013-14;
-$38.36 million in the fiscal year 2014-15; and
-$19.18 million in the fiscal year 2015-16.
-Requires that all revenue from the severance tax on oil, gas and mining be credited to the permanent state trust fund beginning on July 1, 2016 (Sec. 2).
NOTE: THIS IS A SUBSTITUTE BILL, MEANING THE LANGUAGE OF THE ORIGINAL BILL HAS BEEN REPLACED. THE DEGREE TO WHICH THE SUBSTITUTE BILL TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.
Legislation - Introduced (House) - Jan. 23, 2012
Title: Restrictions on the Use of Severance Tax Revenue
