Fiscal Note
HB0058S01 - Severance Tax Amendments
State Impact:
Enactment of this bill could reduce the General Fund by $9,860,000 annually. There will be a corresponding increase in the Severance Tax Holding Account. The bill also appropriates $20,000,000 one-time to the Severance Tax Holding Account.
| Funding Source | FY 2008 Approp. | FY 2009 Approp. | FY 2010 Approp. | FY 2008 Revenue | FY 2009 Revenue | FY 2010 Revenue |
| General Fund | $0 | $0 | $0 | $0 | ($9,860,000) | ($9,860,000) |
| General Fund, One-Time | $0 | $20,000,000 | $0 | $0 | $0 | $0 |
| General Fund Restricted | $0 | $0 | $0 | $0 | $9,860,000 | $9,860,000 |
| Total | $0 | $20,000,000 | $0 | $0 | $0 | $0 |
Individual, Business and/or Local Impact:
Enactment of this bill likely will not result in direct, measurable costs and/or benefits for individuals, businesses, or local governments.
| 2/6/2008, 8:41:10 AM, Lead Analyst: Wilko, A. | Office of the Legislative Fiscal Analyst |