Bill > HB1469

This bill proposes to modify the classification of certain collections as "collections for another government" for the purpose of calculating state fiscal year spending under the Colorado Constitution. Specifically, it defines "collections for another government" to include limited gaming tax revenue and cigarette tax revenue that the state collects and passes through to local governments. This change would exclude those funds from the state's fiscal year spending limit, as the state constitution exempts "collections for another government" from such spending. The bill also clarifies that the limited gaming tax revenue and revenue from the state's gross cigarette tax that are distributed to local governments qualify as "collections for another government" under the revised definition.