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CO SB162

Bill

Official Source

Status

Introduced

2/7/2011

Primary Sponsor

Mary Hodge

Click for details

Origin

Senate

2011 Regular Session

AI Summary

  • Suspends distributions of 27% of state cigarette tax revenues to cities, towns, and counties from the bill's effective date until July 1, 2013
  • Distributions are normally apportioned based on the percentage of state sales tax revenues collected within each local government's boundaries
  • Local governments must not impose their own fees, licenses, or taxes on cigarette sales to qualify for distributions
  • Decreases the general fund appropriation to the Department of Revenue's taxation business group by $2,850,000 for fiscal year 2010-11
  • Includes a safety clause declaring the act necessary for immediate preservation of public peace, health, and safety

Legislative Description

Suspend Cigarette Rebates To Local Gov

Last Action

Senate Committee on Appropriations Postpone Indefinitely

2/9/2011

Committee Referrals

Appropriations2/7/2011

Full Bill Text

No bill text available