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Archives Severance Tax and Federal Mineral Lease Revenue Allocation 2007


 
 

Committee Members

Senators Representatives
Gail Schwartz, Chair Kathleen Curry, Vice-Chair
Jim Isgar David Balmer
Josh Penry Bernie Buescher
Chris Romer Randy Fischer
Jack Taylor Jerry Sonnenberg
Al White
 

 

Working Group

Terry Carwile, Craig City Council Susan Kirkpatrick, Director, Department of Local Affairs
Rebecca Frank, Wildlife and Sportsmen Interests Craig Meis, Mesa County Commissioner
Phil James, Colorado Wildlife Commission and The Nature Conservancy Ben Pearlman, Boulder County Commissioner
Bill Jerke, Weld County Commissioner Harris Sherman, Director,Department of Natural Resources
Shane Henry,  Williams Companies, Inc. Sherri Wright, Board Member, Montezuma-Cortez School District and San Juan Technical College
Doug Kemper, Colorado Water Congress
 

 

Staff Contact
Todd Herreid todd.herreid@state.co.us, Jason Schrock, jason.schrock@state.co.us
Marc Carey, marc.carey@state.co.us, Danica Bracken, danica.bracken@state.co.us
(303) 866-3521
 Agendas and meeting summaries can be accessed using the Meeting Date links located below. An agenda will be available prior to each meeting. After the meeting has been held, the meeting summary, upon completion, will be available through the same Meeting Date link.  After August 25, 2004, recordings of hearings held out-side of the State Capitol Building will be provided in Windows Media Audio Format. 

 

 

2007 Committee Schedule
Meeting Date Time Location 
June 21, 2007   11:00 a.m. - 5:30 p.m. HCR 0112
July 23. 2007
Tour of Mineral Extraction Activities
Recording Available Upon Request
8:00 a.m. - 6:15 p.m. Garfield & Rio Blanco Counties
July 24, 2007
Recording Available Upon Request
7:30 a.m. -  4:15 p.m. RE-2 School District Administration Facility
839 Whiteriver Ave. Rifle, CO
August 15, 2007 Meeting Cancelled 11:00 a.m. - 5:00 p.m. HCR 0112
August 28, 2007 10:00 a.m. - 5:15 p.m. HCR 0112
September 13, 2007 10:30 a.m. - 4:30 p.m. HCR 0112
October 10, 2007 10:00 a.m. - 5:00 p.m. HCR 0112
November 1, 2007 9:00 a.m. - 3:00 p.m. HCR 0112
November 14, 2007 Meeting Cancelled 1:00 p.m. - 4:00 p.m. HCR 0107


Proposed Legislation
Bill Designation Short Title Fiscal Note Bill Number
Bill A Distribution to local governments of state revenues derived from mineral extraction within the state   Bill 4
Bill B Appropriation of moneys from the operational account of the severance tax trust fund to the department of natural resources   Bill 10
Bill C An option for prepayment of severance tax liability available to a taxpayer for mitigation of the impact of mineral or mineral fuel severance   Bill 17
Bills not considered by committee
Bill Designation Short Title
Bill 1 Technical Corrections to the Method for Distributing State Revenues Derived from Mineral Extraction within the State
Bill 2 Employee residence reporting process used to calculate the distribution payments to local governments from the local government severance tax fund  
Bill 3 Governance of the distribution of state revenues derived from mineral extraction within the state  
Bill 5 Mineral Impact Infra Financing Auths
Bill 5A Fed Mineral Lease Revenue Securitization  
Bill 6 Allocation of the federal mineral land lease revenue for capital construction projects for state institutions of higher education
Bill 7 Decrease in the percentage used to value oil and gas interests for purposes of determining the property tax  
Bill 8 Increase in the tax on the severance of uranium within the state  
Bill 9 Authority of local governments to impose impact fees to defray projected impacts required to support the expanded development of natural resources
Bill 11 Allocation of revenues received pursuant to federal mineral leases
Bill 12

Appropriations from the operational account of the state severance tax trust fund  

Bill 13 Creation of a permanent trust fund from revenues derived from mineral extraction  
Bill 14 Creation of the Colorado higher education trust fund -
Bill 15 Distribution of federal mineral leasing revenues  
Bill 16 Allocation of federal mineral lease revenues  

 

 

Materials from Committee and Working Group Meetings
June 21, 2007 Presentations from Committee Meeting
July 23, 2007 Tour of Mineral Extraction Activities - Garfield and Rio Blanco Counties
July 24, 2007 Committee Meeting - Rifle Colorado
August 6, 2007 Handouts/Presentations from Working Group Meeting
August 15, 2007 Handouts/Presentations from Working Group Meeting
August 28, 2007 Presentations from Committee Meeting
August 29, 2007 Handouts/Presentations from Working Group Meeting
September 12, 2007 Handouts/Presentations from Working Group Meeting
September 13, 2007 Handouts/Presentations from Committee Meeting
September 28, 2007 Handouts/Presentations from Working Group Meeting

 

Staff Reports and Committee Memoranda

Date Title/Subject
2006 Colorado Mineral and Energy Industry Activities, 2006
June 2006 State Auditor's Severance Tax Performance Audit
November 15, 2006 Tax Burden for Oil and Gas Producers in Five Western States
2007 Global Framework for the Increased Demand for Colorado's Energy and Mineral Resources
2007 Need for Mitigation of Energy Development Impacts on Wildlife
2007 Severance Tax Funding
June 21, 2007 Allocation of Severance Tax and Federal Mineral Leasing Revenue
June 21, 2007 Existing Structure of Mineral Revenues in Colorado
June 21, 2007  Map of Oil and Gas Basins and Fields in Colorado
July 2007 Approved Scope for Working Group
July 16, 2007 Water Related Impacts from Energy and Mineral Production Studies
August 2007 State Auditor's Severance Tax Direct Distribution Methodology Performance Audit
September 12, 2007 Literature Review of Impact Studies for Oil and Gas Development
September 13, 2007 Severance Tax and FML Revenue Amounts Contributed and Received by 16 of the Largest Mineral Producing Counties
September 13, 2007 Working Group Report to the Interim Committee
September 28, 2007 Combining Severance Tax and Federal Mineral Leasing Revenue
October 10, 2007 Working Group Recommendations for Interim Committee
October 2007 State Auditor's Energy and Mineral Impact Grants, Department of Local Affairs, Performance Audit


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