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HB24-1469

Collections for Another Government

Concerning the classification of certain collections as collections for another government for purposes of calculating state fiscal year spending pursuant to section 20 of article X of the state constitution.
Session:
2024 Regular Session
Subjects:
Fiscal Policy & Taxes
State Government
State Revenue & Budget
Bill Summary

Section 20 of article X of the state constitution (TABOR) defines "fiscal year spending" as not including "collections for another government". Although TABOR does not define "collections for another government", the TABOR implementing statutes do. The definition of "collections for another government" in the implementing statutes specifically limits such collections to revenue collected by the state for the benefit of another government that is collected pursuant to the authority of the other government.

Section 2 of the bill clarifies the definition of "collections for another government" for purposes of the TABOR limitation on state fiscal year spending. For state fiscal years commencing on or after July 1, 2023, "collections for another government" means any revenue that is collected by the state for the benefit and use of a government other than the state, passed through to that government for the benefit of and use by that government, and collected pursuant to:

  • The authority of the government for whose benefit the state collects the revenue;
  • The authority of the state and apportioned to another government that forgoes the ability to impose certain taxes and collect in connection with that government forgoing the imposition of certain taxes and collecting the corresponding tax revenue; or
  • A constitutional requirement that the state collect the revenue for the benefit of another government.

Sections 3 through 6 make corresponding conforming amendments and cross references.

(Note: Italicized words indicate new material added to the original summary; dashes through words indicate deletions from the original summary.)


(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Status

Introduced
Passed
Became Law

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Bill Text

The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details