On March 29, 2012, Rep. Jon Becker and Sen. Mary Hodge introduced HB 12-1334 – Concerning the Extension of Severance Tax Funding for the Promotion of Agricultural Energy-Related Projects. This summary is published here courtesy of the Colorado Bar Association’s e-Legislative Report.
Joint Budget Committee.
In 2006, the general assembly approved a transfer of $500,000 from the severance tax trust fund for 3 years to promote agricultural energy-related projects. In 2009, the general assembly approved a two year extension. The bill extends the funding for an additional five years from the severance tax trust fund to promote agricultural energy-related projects. On April 4, the Agriculture, Livestock, & Natural Resources Committee referred the unamended bill the Appropriations Committee to consider the fiscal impact to the state.
Since this summary, the bill was amended in the Appropriations Committee and referred to the House Committee of the Whole.
Summaries of other featured bills can be found here.