Bill

Bill > HB1436


CO HB1436

CO HB1436
Sports Betting Tax Revenue Voter Approval


summary

Introduced
04/01/2024
In Committee
04/30/2024
Crossed Over
05/08/2024
Passed
05/08/2024
Dead
Signed/Enacted/Adopted
05/20/2024

Introduced Session

2024 Regular Session

Bill Summary

CONCERNING THE REFERRAL OF A BALLOT ISSUE RELATED TO THE REVENUE FROM THE SPORTS BETTING TAX, AND, IN CONNECTION THEREWITH, REFERRING A BALLOT ISSUE TO THE VOTERS TO ALLOW THE STATE TO KEEP AND SPEND ALL SPORTS BETTING TAX REVENUE IN EXCESS OF THE TWENTY-NINE MILLION DOLLAR ESTIMATED INCREASE IN STATE TAX REVENUE APPROVED BY VOTERS IN 2019 FOR THE PURPOSE OF FUNDING WATER CONSERVATION AND PROTECTION PROJECTS RATHER THAN REFUNDING SUCH EXCESS REVENUE TO CASINOS.

AI Summary

This bill proposes to allow the state of Colorado to keep and spend all sports betting tax revenue above the $29 million estimated increase in state tax revenue approved by voters in 2019. The excess revenue would be used to fund water conservation and protection projects rather than being refunded to casinos. The bill would refer a ballot issue to voters in the November 2024 election to approve this change. If the ballot issue is rejected, the excess sports betting tax revenue would be refunded to the taxpayers who paid the sports betting tax.

Committee Categories

Budget and Finance

Sponsors (36)

Marc Catlin (R)* Julie McCluskie (D)* Dylan Roberts (D)* Cleave Simpson (R)* Judy Amabile (D),  Shannon Bird (D),  Andrew Boesenecker (D),  Jeff Bridges (D),  Lindsey Daugherty (D),  Monica Duran (D),  Steve Fenberg (D),  Bob Gardner (R),  Eliza Hamrick (D),  Iman Jodeh (D),  Junie Joseph (D),  Cathy Kipp (D),  Barbara Kirkmeyer (R),  Sheila Lieder (D),  Mandy Lindsay (D),  William Lindstedt (D),  Larry Liston (R),  Meghan Lukens (D),  Paul Lundeen (R),  Javier Mabrey (D),  Karen McCormick (D),  Barbara McLachlan (D),  Byron Pelton (R),  Rod Pelton (R),  Naquetta Ricks (D),  Manny Rutinel (D),  Marc Snyder (D),  Matt Soper (R),  Rick Taggart (R),  Brianna Titone (D),  Michael Weissman (D),  Rachel Zenzinger (D), 

Last Action

Governor Signed (on 05/20/2024)

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