Montana State Legislature

Legislative Council assigned the House Joint Resolution No. 6 study to the Revenue Interim Committee. The study ranked fifth among the polled studies.

The committee adopted the HJ 6 Coal Severance Tax Trust Fund Study Final Report, which includes one finding and one recommendation, in June 2022.

Materials provided for the study are listed below by meeting date.

Meeting Materials

June 16-17, 2022

• Memo: RRGL Coal Severance Tax Loan Interest Rates -- Katy Callon, LFD
• HJ 6: Returns for Coal Severance Tax Trust Fund, Retirements Funds, and State Fund -- Megan Moore
• HJ 6 Final Report (draft)

April 18-19, 2022

• HJ 6: States' Investment of Trust Funds -- Megan Moore
• Next Steps for HJ 6 Coal Severance Tax Trust Fund Study -- Megan Moore
• Public comment:
  • Tom Towe: Coal Isn't Dead Yet, Petition to Place Initiative No. 95 on the Election Ballot

January 20-21, 2022

• Montana's Natural Resource Fiscal Policy -- Mark Haggerty
• Rosebud Mine handout -- Joe Micheletti
• HJ 6: Consideration of Adding Other Revenue to Coal Severance Tax Trust Fund -- Sam Schaefer and Megan Moore
• ​​​​​​​Impacts of adding additional severance taxes to the Coal Trust -- Sam Schaefer, LFD
• Montana Infrastructure Costs Estimation -- Katy Callon, LFD
• ​​​​​​​ 2023 Biennium Project Funding-MCEP -- LFD

November 8-9, 2021

• Board of Investments slides -- Dan Villa
• Montana's Coal Exporters -- Kristian Richardson, Department of Commerce
• HJ 6 Study Questions from September meeting -- Megan Moore

September 23-24, 2021

• HJ 6: Coal Severance Tax Overview -- Megan Moore
• Coal Severance Tax Trust Fund -- Legislative Fiscal Division
• Spring Creek Mine slides -- Dave Schwend, General Manager
• Coal Severance Tax Forecasting -- Sam Schaefer, LFD
• Montana Coal Revenue -- Chris Watson, OBPP
• The Outlook for Montana Coal -- Patrick Barkey, BBER

July 15, 2021

• Public comment: Rep. Mary Ann Dunwell