CO SB041

Converts the Commercial Vehicle Enterprise Tax Fund appropriation from an annual General Assembly action to a continuous appropriation to the Department of Revenue for sales and use tax refunds under section 39-26-113.5.

Eliminates the requirement for the General Assembly to annually appropriate moneys to cover the cost of sales tax refunds and actual administration costs for sections 39-26-113.5 and 39-30-104 (1) (b).

Requires the State Treasurer to credit the total cost of tax credits to the general fund after receiving statements pursuant to section 39-30-104 (1) (b) (VI).

Specifies that any moneys remaining in the Commercial Vehicle Enterprise Tax Fund at the end of the fiscal year shall not revert to the general fund.

Includes a safety clause declaring the act necessary for immediate preservation of public peace, health, and safety.