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Severance-tax phase-in statute fails after heated floor debate
Summary
A bill intended to statutorily phase in voter-approved Amendment A's severance‑tax investment formula (HB 63) failed in the House after extended debate over a proposed $8.25 million initial deposit and implications for the general fund.
Lawmakers on Feb. 1 debated HB 63, a statutory measure proposed by Representative Grant Nielsen to phase in the implementation of Amendment A (the voter-approved severance-tax investment formula). Nielsen told the chamber the statute was intended to provide an orderly transition in implementing the constitutional amendment and described phased contribution amounts for fiscal years 2014–2016.
Representative Nielsen said: "If we…
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