HB 12-1327 Summary

• Repeals the $50,000 surety bond requirement for towing carriers while maintaining workers' compensation insurance requirements.

• Implements a 5-year disqualification period from operating as a towing carrier for owners and operators who fail to pay fines or civil penalties ordered by courts or the Public Utilities Commission.

• Establishes a designated "Tow Truck" license plate with black letters on yellow background featuring "COLORADO" and "TOW TRUCK," required for all vehicles used for towing purposes beginning January 1, 2013.

• Permits tow truck licenses to be verified through either a physical document or electronic system to the Department of Revenue for registration purposes.

• Appropriates $24,050 total to the Department of Revenue for fiscal year 2012-2013 to implement the license plate system and computer infrastructure changes.