CO HB1069

Legislative Council staff must prepare a small business fiscal impact statement for each bill or concurrent resolution introduced in the General Assembly.

"Small business" is defined as any business with fifty or fewer employees located in Colorado.

Upon introduction of a legislative measure, a five-day comment period must be established between the second and fourth day after introduction, during which any person may submit comments on potential small business fiscal impacts.

The fiscal impact statement must summarize and compile received comments stating the range of claimed impacts and any submitted methodology, but legislative staff shall not conduct independent analyses or draw conclusions.

The small business fiscal impact statement must be attached to the fiscal note required under existing law, with the effective date contingent on a ninety-day referendum petition period following adjournment.