2008 Colorado Amendment 58

Severance tax ballot initiative Amendment 58 Severance Taxes on the Oil and Natural Gas Industry November 4, 2008 Colorado 944,191 1,306,782 2,250,973 250px County results For #7D9CBB 60–70% 1px #AAAAAA solid #B6C8D9 50–60% 1px #AAAAAA solid Against #5D5D2D 80–90% 1px #AAAAAA solid #8B8B54 70–80% 1px #AAAAAA solid #BCBC83 60–70% 1px #AAAAAA solid #DEDEBD 50–60% 1px #AAAAAA solid 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.http://projects.rockymountainnews.com/pages/news/politics/elections/results/colorado-issue.htmlAugust 2017 InternetArchiveBot yes 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.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 https://web.archive.org/web/20081010125650/http://www.state.co.us/gov_dir/leg_dir/lcsstaff/bluebook/2008EnglishVersionforInternet.pdf 2008-10-10 Conflict with 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).September 2021 Results Amendment 58https://www.sos.state.co.us/pubs/elections/Results/Abstract/pdf/2000-2099/2008AbstractBook.pdf https://web.archive.org/web/20160329235504/http://www.sos.state.co.us/pubs/elections/Results/Abstract/pdf/2000-2099/2008AbstractBook.pdf dead March 29, 2016 Official Publication of the Abstract of Votes Cast for the 2008 Primary 2008 General Secretary of State of Colorado Buescher Bernie June 29, 2009 October 3, 2024 944191 1306782 References Amendment 58 Category:Initiatives in the United States Category:Constitution of Colorado Category:Amendments to the Constitution of Colorado Category:Severance taxes