summary
Introduced
01/10/2024
01/10/2024
In Committee
04/26/2024
04/26/2024
Crossed Over
05/21/2024
05/21/2024
Passed
05/21/2024
05/21/2024
Dead
Signed/Enacted/Adopted
06/04/2024
06/04/2024
Introduced Session
2024 Regular Session
Bill Summary
CONCERNING ANALYSIS OF TAX POLICY BY THE STATE LEGISLATIVE BRANCH, AND, IN CONNECTION THEREWITH, MODIFYING REQUIREMENTS FOR EVALUATING STATE TAX EXPENDITURES, REQUIRING THE STATE AUDITOR TO PREPARE AN ANNUAL REPORT ON FEDERAL TAX LAW AND CHANGES THAT HAVE SIGNIFICANT IMPACT ON THE STATE'S TAX BASE, AND EXTENDING THE LEGISLATIVE OVERSIGHT COMMITTEE CONCERNING TAX POLICY AND THE TASK FORCE CONCERNING TAX POLICY.
AI Summary
This bill modifies the requirements for the State Auditor's evaluation of Colorado's tax expenditures, requiring the Auditor to develop a multi-year schedule to systematically review tax expenditures and providing specific guidelines for handling new, repealed, and short-term tax expenditures. It also requires the Auditor to prepare an annual report on federal tax law changes that significantly impact Colorado's tax base. Additionally, the bill extends the legislative oversight committee and task force on tax policy, allowing them to request the Auditor to evaluate specific tax expenditures and prepare reports on discrete tax policy topics.
Committee Categories
Budget and Finance
Sponsors (16)
Lisa Frizell (R)*,
Chris Hansen (D)*,
Chris Kolker (D)*,
Larry Liston (R)*,
Bob Marshall (D)*,
Michael Weissman (D)*,
Jennifer Bacon (D),
Kyle Brown (D),
Chad Clifford (D),
Julie Gonzales (D),
Leslie Herod (D),
Iman Jodeh (D),
Chris Kennedy (D),
Barbara Kirkmeyer (R),
Kevin Priola (D),
Naquetta Ricks (D),
Last Action
Governor Signed (on 06/04/2024)
Official Document
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