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Committee trims proposed energy severance tax in HB 326 to 2% for new contracts; amendment passes, bill later fails 8-13 and is tabled

2308857 · February 12, 2025
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Summary

House Bill 326's amendment changing a proposed energy severance tax rate from 10% to 2% for new contracts passed the committee 12-9. The bill itself failed on final roll call 8-13 and the committee then voted to table the measure (21-0). Debate centered on which energy sources would be taxed and economic impacts on renewables and coal markets.

The House Taxation Committee considered executive action on House Bill 326 and approved an amendment that reduced the proposed energy severance tax rate from 10% to 2% for new contracts; that amendment passed on a roll-call vote of 12 ayes to 9 nays. On a subsequent roll-call vote the bill as amended failed 8 to 13, and a motion to table the amended bill passed by voice/proxy vote 21-0.

Megan Moore, committee staff,…

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