CO SB044

Authorizes Colorado residents age 65 or older who have continuously lived in Colorado for at least 5 years to pay a flat specific ownership tax of $15.90 instead of the standard variable tax for Class C personal property vehicles.

Allows eligible seniors to pay a flat registration fee of $34.10 instead of normal registration fees, with the fee distributed to state and county funds including $2 for administrative costs, $1.50 to county road and bridge funds, and remaining amounts to highway and bridge maintenance accounts.

Exempts senior registrants from this reduced-fee program if they fail to pay the required fees, making them ineligible for future reduced payments.

Applies to motor vehicles registered on or after January 1, 2015, and does not exempt seniors from paying special license plate fees or surcharges.

Takes effect August 6, 2014, unless subject to a referendum petition, in which case it requires voter approval at the November 2014 general election.