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CO HB1216

CO HB1216
Correcting Defects in Statutes Administered by Department of Revenue


summary

Introduced
02/17/2026
In Committee
03/31/2026
Crossed Over
03/12/2026
Passed
Dead

Introduced Session

2026 Regular Session

Bill Summary

Statutory Revision Committee. Current law in certain statutes administered by the department of revenue contains several technical defects and incorrect statutory cross-references. The bill corrects these technical defects and incorrect cross-references as follows: ! Section 1 of the bill amends the list of conditions a taxpayer must meet to claim a refundable income tax credit for certain businesses located in the state so that the list of conditions terminates correctly and conforms with standard drafting practices; ! Sections 2 and 4 correct outdated cross-references in the statute governing the collection of gas and special fuels tax and the statute governing the road usage fee and bridge and tunnel impact fee; ! Section 3 clarifies the amount that can be claimed for a property tax or rent assistance grant and a heat or fuel expenses assistance grant based on the year the claim was made; and ! Section 5 removes the definitions for "battery electric motor vehicle" and "plug-in hybrid electric motor vehicle" from the statute that creates the high-performance transportation enterprise, as those defined terms do not otherwise appear in the statute.

AI Summary

This bill, titled "Correcting Defects in Statutes Administered by Department of Revenue," aims to fix several technical errors and outdated references within laws managed by the Colorado Department of Revenue. Specifically, it clarifies the conditions for claiming a refundable income tax credit for certain businesses, ensuring the list of requirements is correctly formatted. It also updates incorrect cross-references in statutes related to the collection of gas and special fuels tax, as well as the road usage fee and bridge and tunnel impact fee. Additionally, the bill clarifies how property tax, rent assistance, and heat or fuel expenses grants are calculated based on the year the claim is made. Finally, it removes definitions for "battery electric motor vehicle" and "plug-in hybrid electric motor vehicle" from a statute concerning a high-performance transportation enterprise, as these terms are no longer used within that specific law.

Committee Categories

Military Affairs and Security

Sponsors (7)

Last Action

Senate Third Reading Passed - No Amendments (on 04/07/2026)

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