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CO HB1367

Bill

Official Source

Status

Passed

6/29/2020

Primary Sponsor

Kim Ransom

Click for details

Origin

House of Representatives

2020 Regular Session

AI Summary

  • Reduces the Older Coloradans Cash Fund allocation from $10 million to $8 million for state fiscal year 2020-21 only
  • Reallocates the $2 million reduction from the Older Coloradans Cash Fund to the General Fund for fiscal year 2020-21
  • Maintains the $10 million annual allocation to the Older Coloradans Cash Fund for all other state fiscal years
  • Amends Colorado Revised Statutes 39-26-123 regarding the disposition of state sales and use tax revenue
  • Designated as emergency legislation necessary for immediate preservation of public peace, health, or safety

Legislative Description

Reallocate State Sales And Use Tax To General Fund

Last Action

Governor Signed

6/29/2020

Committee Referrals

Appropriations6/3/2020

Full Bill Text

No bill text available