state severance taxes on oil and natural gas

summary

The proposed initiatives will be on the 2017 ballot because they raise fiscal issues.

​To date, there are seven proposed ballot initiatives with the 'State Severance Taxes on Oil and Natural Gas' topic. The following is a general topic summary of those proposed initiatives.

Starting on or after January 1, 2018, changing the tax to 10% of the total gross income from the sale of oil and gas extracted in the state when the amount of annual gross income is at least $300,000.
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​This initiative appears to:

• Increase the oil and gas severance tax rate;
• Eliminate the severance tax credit that is based on property taxes paid;
• Eliminate the stripper well exemption; and
• Require some portion of the severance tax revenues to be used for a specified purpose.

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status

Initiative 94 Status:

• Approved for Circulation: Petitions Due 7/11/2018
  
• Title Set: 1/3/2018
• Title Board Hearing: 1/3/2018
• Date Filed: 12/18/2017

Initiative 70 Status:

• Title Denied​: 12/6/2017
• Title Approved: 11/15/2017
• Title Board Hearing: 11/15/2017
• ​Letter Issued
• ​Date Filed: 10/25/2017

Initiative 63 Status:

• Review and Comment Hearing: 10/18/2017 at 1:30pm in SCR 352
• Date Filed: 10/11/2017

Initiative 46 Status:

• Review and Comment Hearing Held: 9/7/2017 at 1:30PM in SCR 354
• ​Date Filed: 8/24/2017

​Initiative 44 Status:

• Review and Comment Held: 8/23/2017 at 1:30PM in SCR 352
• Date Filed: 8/9/2017

​Initiative 38 Status:

• Review and Comment Hearing Held: 7/19/2017 at 1:30PM in SCR 354
• Date Filed: 7/5/2017

Initiative 20 Status:

• Title Setting Denied:​ The Supreme Court affirmed the Title Board on 6/20/2017
• Supreme Court Action:​ 6/20/2017
• Title Setting Denied: 5/1/2017
• Title Board Hearing: 4/28/2017
• Awaiting Title Setting Board Action: 4/19/2017
• Review and Comment Hearing Held: 4/7/2017 at 10:00am in SCR 352
• Date Filed: 3/24/2017

Initiative 13 Status:

• Review and Comment Hearing Held: 3/24/2017 at 1:30pm
• ​Date Filed: 3/10/2017

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information

Documents will include the text of the measure, review and comment memorandum, fiscal impact statement, and more!

​Click here to access the documents related to initiative 70.
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Click here to access the documents related to initiative 63.

Click here to access the documents related to initiative 46.

Click here to access the documents related to initiative 44.

Click here to access the documents related to initiative 38.

Click here to access the documents related to initiative 20.

Click here to access the documents related to initiative 13.