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Senate advances severance-tax amendments to send 33% of certain tribal mineral revenues to local enterprise fund
Summary
Senate Bill 162, moved Feb. 15, would direct 33% of severance tax from specified Indian trust lands into an enterprise fund for capital projects in impacted areas; sponsors described a $400,000 start-up appropriation and projected $3.3 million in out years. The bill advanced with the amendment to use an enterprise fund.
Senate Bill 162, discussed at a time certain Feb. 15, 1995, proposes that 33% of severance tax collected on certain Indian trust lands — specifically on Indian trust lands and the Hill Creek extension — be placed into an enterprise fund dedicated to capital projects in areas impacted by mineral development.
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