Severance Tax Transfers
| Type | Bill |
|---|---|
| Session | 2024 Regular Session |
| Subjects |
Concerning transfers from funds that include severance tax revenue, and, in connection therewith, making an appropriation.
Bill Summary:
Under existing law, the general assembly may annually appropriate up to $450,000 from the severance tax operational fund to the conservation district grant fund. The act increases the maximum amount to $700,000.
The act makes the following one-time transfers:
- $18,259,805 from the severance tax operational fund to the general fund on June 30, 2025;
- $26,086,559 from the severance tax perpetual base fund to the general fund on July 1, 2024; and
- $25 million from the local government severance tax fund to the general fund on July 1, 2024.
The act appropriates $250,000 from the severance tax operational fund to the department of agriculture.
APPROVED by Governor May 22, 2024
EFFECTIVE May 22, 2024
(Note: This summary applies to this bill as enacted.)
Prime Sponsors
Representative
Shannon Bird
Representative
Rick Taggart
Senator
Barbara Kirkmeyer
Senator
Jeff Bridges
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Related Documents & Information
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 04/22/2024 | Conference Committee Report | REPASS |
45
AYE
17
NO
3
OTHER
|
Vote record |
| 04/22/2024 | Conference Committee Report | ADOPT |
49
AYE
13
NO
3
OTHER
|
Vote record |
| 04/09/2024 | Senate Amendments | NOT CNCR |
60
AYE
1
NO
4
OTHER
|
Vote record |
| 04/01/2024 | Third Reading | BILL |
43
AYE
21
NO
1
OTHER
|
Vote record |
| 03/28/2024 | Committee of the Whole | AMD (H.001) |
7
AYE
51
NO
7
OTHER
|
Vote record |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 04/19/2024 | Conference Committee Report | REPASS |
26
AYE
5
NO
4
OTHER
|
Vote record |
| 04/19/2024 | Conference Committee Report | ADOPT CCR |
31
AYE
0
NO
4
OTHER
|
Vote record |
| 04/05/2024 | Third Reading | BILL |
22
AYE
3
NO
10
OTHER
|
Vote record |
| Date | Location | Action |
|---|---|---|
| 05/22/2024 | Governor | Governor Signed |
| 05/15/2024 | Governor | Sent to the Governor |
| 05/15/2024 | Senate | Signed by the President of the Senate |
| 05/15/2024 | House | Signed by the Speaker of the House |
| 04/22/2024 | House | House Consideration of First Conference Committee Report result was to Adopt Committee Report - Repass |
| 04/19/2024 | Senate | Senate Consideration of First Conference Committee Report result was to Adopt Committee Report - Repass |
| 04/09/2024 | House | House Considered Senate Amendments - Result was to Not Concur - Request Conference Committee |
| 04/08/2024 | House | House Considered Senate Amendments - Result was to Laid Over Daily |
| 04/05/2024 | Senate | Senate Third Reading Passed - No Amendments |
| 04/04/2024 | Senate | Senate Second Reading Special Order - Passed with Amendments - Floor |
| 04/03/2024 | Senate | Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole |
| 04/01/2024 | Senate | Introduced In Senate - Assigned to Appropriations |
| 04/01/2024 | House | House Third Reading Passed - No Amendments |
| 03/28/2024 | House | House Second Reading Special Order - Passed - No Amendments |
| 03/27/2024 | House | House Committee on Appropriations Refer Unamended to House Committee of the Whole |
| 03/25/2024 | House | Introduced In House - Assigned to Appropriations |
Prime Sponsor
Sponsor
Co-Sponsor
| Effective Date | Chapter # | Title | Documents |
|---|---|---|---|
| 05/22/2024 | 228 | Severance Tax Transfers |