Colorado Amendment 58

Elections in Colorado
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State government General elections 2010 2014 Gubernatorial elections 1998 2002 2006 2010 2014 Legislative elections 2013 recalls
Ballot measures 2004 36 2006 38 41 42 43 44 E F G H I J K 2008 46 47 48 49 50 51 52 54 58 59 L 2010 62 2012 64
Denver Mayoral elections 2011

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.^[1]

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.^[2]

Conflict with Amendment 52

Both Amendment 58 and 52 regard the handling of Colorado's use of the severance tax. While 58 would pour more money into college scholarships and natural resources, 52 would redirect the money into improving I-70.

Results

Amendment 58^[3]

Choice	Votes	%
No	1,306,732	58.05
Yes	944,158	41.95
Total votes	2,250,890	100.00

References