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2008 Colorado Amendment 58

Severance tax ballot initiative

Summary

Severance tax ballot initiative

Field	Value
name	Amendment 58
title	Severance Taxes on the Oil and Natural Gas Industry
date	November 4, 2008
country	Colorado
yes	944,191
no	1,306,782
total	2,250,973
map	[[File:2008 Colorado Amendment 58 results map by county.svg	300px]]
mapcaption
{{legend	#7D9CBB	60–70%	border	1px #AAAAAA solid}}
{{legend	#B6C8D9	50–60%	border	1px #AAAAAA solid}}
{{legend	#5D5D2D	80–90%	border	1px #AAAAAA solid}}
{{legend	#8B8B54	70–80%	border	1px #AAAAAA solid}}
{{legend	#BCBC83	60–70%	border	1px #AAAAAA solid}}
{{legend	#DEDEBD	50–60%	border	1px #AAAAAA solid}}

For Against Amendment 58 was a proposed initiative on the Colorado ballot of 2008 regarding Colorado's severance tax. It was turned down by 57.9% of the voters.

Effect

The initiative stated that Amendment 58 would:

"increase the amount of state severance taxes paid by oil and natural gas companies, primarily by eliminating an existing state tax credit
"allocate the increased severance tax revenue to college scholarships for state residents, wildlife habitat, renewable energy projects, transportation projects in energy-impacted areas, and water treatment grants
"exempt all oil and gas severance tax revenue from state and local spending limits.

Conflict with [[Colorado Amendment 52 (2008)|Amendment 52]]

Both Amendments 58 and 52 in the 2008 election regarded the handling of Colorado's use of the severance tax. While Amendment 58 would have allocated some of this money to college scholarships and natural resource conservation, 52 would have directed the money into improving Interstate 70 in Colorado (I-70).

Results

References

http://projects.rockymountainnews.com/pages/news/politics/elections/results/colorado-issue.html{{dead link. (August 2017)
[http://www.state.co.us/gov_dir/leg_dir/lcsstaff/bluebook/2008EnglishVersionforInternet.pdf Colorado Blue Book. Notice of Election to Increase Taxes on a Citizen Petition. 2008 STATE BALLOT INFORMATION BOOKLET and Recommendations on Retention of Judges Legislative Council of the Colorado General Assembly Research Publication No. 576-1] {{webarchive. link. (2008-10-10)
Buescher, Bernie. (June 29, 2009). "Official Publication of the Abstract of Votes Cast for the 2008 Primary 2008 General". [[Secretary of State of Colorado]].

Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

2008-colorado-ballot-measures initiatives-in-the-united-states constitution-of-colorado amendments-to-the-constitution-of-colorado severance-taxes

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