SB20-019 Summary

• Creates a legislative oversight committee concerning tax policy with six members: two senators and one minority senator from the Senate, plus two representatives and one minority representative from the House.

• Establishes an associated 21-member task force to study tax policy and propose modifications to Colorado's state and local taxation system, including representatives from state agencies, local government, tax professionals, and business and nonprofit sectors.

• Committee required to meet at least four times annually, consider tax expenditure evaluations prepared by the state auditor, and submit annual reports to the General Assembly by January 15 each year.

• Task force must meet at least six times annually, deliver policy and legislative recommendations to the committee, and can provide evidence-based feedback on tax-related bills or policy proposals upon committee member request within two weeks.

• Part 4 is repealed effective July 1, 2025, making this a temporary oversight structure with a five-year sunset provision.