A proposal to limit the amount of severance tax money local governments could get if they ban fracking within their jurisdictions has died in its first committee hearing at the Colorado Legislature.
The House Local Government Committee voted Wednesday to postpone indefinitely HB 1064, sponsored by Rep. Jerry Sonnenberg, R-Sterling.
The bill was introduced on Jan. 8.
Severance tax money, collected on the production of oil and natural gas in Colorado, is distributed to local governments statewide.
Part…
A proposal to limit the amount of severance tax money local governments could get if they ban fracking within their jurisdictions has died in its first committee hearing at the Colorado Legislature.
The House Local Government Committee voted Wednesday to postpone indefinitely HB 1064, sponsored by Rep. Jerry Sonnenberg, R-Sterling.
The bill was introduced on Jan. 8.
Severance tax money, collected on the production of oil and natural gas in Colorado, is distributed to local governments statewide.
Part…
