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CO HB1216

CO HB1216
Correcting Defects in Statutes Administered by Department of Revenue


summary

Introduced
02/17/2026
In Committee
02/17/2026
Crossed Over
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 Sections 2 and 4 correct outdated cross-references in the statute governing the collection of gas and special fuels tax and the statute governing the road usage fee and bridge and tunnel impact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 makes several technical corrections to statutes administered by the Department of Revenue (DOR) to fix errors and improve clarity. Specifically, it adjusts the conditions for claiming a refundable income tax credit for certain businesses to ensure the list of requirements is properly formatted and concludes correctly. It also updates outdated cross-references within laws concerning the collection of taxes on gasoline and special fuels, as well as fees related to road usage and bridge and tunnel impacts. Additionally, the bill clarifies how grant amounts for property tax or rent assistance, and heat or fuel expenses assistance, are determined 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 related to a high-performance transportation enterprise because these terms are no longer used in that specific law.

Committee Categories

Military Affairs and Security

Sponsors (6)

Last Action

House State, Civic, Military, & Veterans Affairs Hearing (00:00:00 3/5/2026 Room LSB-A) (on 03/05/2026)

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