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Severance Taxes on the Oil and Natural Gas Industry | |||||||||||||
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Amendment 58 was a proposedinitiative on theColorado ballot of 2008 regarding Colorado'sseverance tax. It was turned down by 57.9% of the voters.[1]
The initiative stated that Amendment 58 would:
Both Amendments 58 and52 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 improvingInterstate 70 in Colorado (I-70).[citation needed]
| Choice | Votes | % |
|---|---|---|
 No | 1,306,782 | 58.05 |
| Yes | 944,191 | 41.95 |
| Total votes | 2,250,973 | 100.00 |
