Bill Title: Constitutional amendment to repeal severance taxes upon oil and gas and to allow the levy of a tax upon hydrocarbon processing and to require a dedication of the first use of such taxes to replace constitutional dedications of severance tax and to require the distribution of the remainder for state highways or bridges, the Coastal Protection and Restoration Fund, and to or for the use of schools, colleges and universities, and other post secondary education institutions. (2/3-CA13sl(A)) (EG INCREASE SD RV See Note)

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2010-06-08 - Senate floor amendments read and adopted. Read by title; failed to pass by a vote of 6 yeas and 31 nays. [SB432 Detail]

Text: Latest bill text (Engrossed) [PDF]

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