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Lawmakers Debate Severance Taxes

Posted: May 10, 2016 at 11:25 am by , in Capitol Coverage

Oil and gas companies pay a tax to the state for the minerals they extract out of the ground. Colorado then gives some of that money back to local communities impacted by the drilling process. But a recent state Supreme Court ruling says companies have been overpaying these severance taxes – and now Colorado owes the industry tens of millions of dollars. Bente Birkeland has more…