CO HB1400

Modifies allocation of limited gaming tax revenues in Colorado Revised Statutes 44-30-702 to address revenue declines caused by the 2020 pandemic and economic recession.

Beginning in fiscal year 2020-21 and continuing until total gaming tax revenues equal or exceed fiscal year 2018-19 levels, any growth or decline in gaming tax distributions shall be allocated proportionally between traditional limited gaming fund recipients and extended limited gaming recipients based on their relative percentage of the 2018-19 to 2019-20 revenue decrease.

Temporarily supersedes standard annual adjustment provisions (six percent or actual growth) under subsections (3)(b) and (4)(d) to implement constitutional allocation while maintaining compliance with state constitutional requirements.

Grants the Gaming Commission authority to make adjustments necessary to ensure final distributions comply with constitutional requirements while achieving the bill's intent of equitable burden-sharing during recovery.

Applies only during the temporary recovery period and includes a safety clause declaring the act necessary for immediate preservation of public peace, health, and safety.