CO SB001

Enacts the "Regulatory Relief Act of 2017" to reduce regulatory burdens on small businesses (defined as having fewer than 500 employees).

Requires state agencies to provide small businesses a 30-day cure period for first-time minor violations before imposing fines; agencies must notify businesses in writing of violations and steps to cure, with extensions available upon showing good cause.

Defines "minor violation" as operational or administrative matters such as record keeping, data retention, or filing reports that do not affect public or employee safety; excludes violations related to permits, licenses, federal law, consumer credit, lobbyist regulations, civil rights, and public health.

Mandates state agencies to make diligent attempts to notify and solicit input from small business representatives when proposed rules have potential negative fiscal impacts, including soliciting feedback on how to eliminate or alleviate those impacts.

Takes effect August 9, 2017, unless a referendum petition is filed, in which case it requires voter approval at the November 2018 general election.