HB 20-1399 Summary

• Suspends state treasurer transfers of limited gaming tax revenues for fiscal years 2019-20 and 2020-21, with the suspension provision repealing July 1, 2023.

• Redirects limited gaming tax revenue that would normally be allocated to various funds to the general fund for fiscal years 2019-20 and 2020-21, with transfers resuming for fiscal year 2021-22 and beyond.

• Appropriates $12,150,000 from the general fund to the office of the governor for economic development programs in fiscal year 2020-21, including funding for film and television, tourism promotion, creative industries, and advanced industries.

• Appropriates $1,875,000 from the general fund to the local government limited gaming impact fund for fiscal year 2020-21 to support local governments affected by gaming operations.

• Decreases various cash fund appropriations to offset the new general fund allocations, including reductions to tourism promotion, creative industries, and higher education research funding.