CO HB1121

Repeals the prohibition that prevents local governments from receiving their 27% apportionment of state cigarette tax revenues if they impose their own fees, licenses, or taxes on cigarette sales.

Allows incorporated cities, incorporated towns, and counties to independently impose fees, licenses, or taxes on cigarettes without forfeiting their state cigarette tax revenue allocation.

Local government shares continue to be apportioned based on the percentage of state sales tax revenues collected within their boundaries.

Takes effect 90 days after final adjournment of the general assembly (August 11, 2010) unless a referendum petition is filed, in which case approval by voters in November 2010 is required.