House Bill 24-1053 Summary

• Modifies state auditor requirements for evaluating tax expenditures by allowing the auditor to consider data availability when scheduling reviews and permitting reevaluation of previously reviewed tax expenditures if substantial changes occur.

• Creates new annual reporting requirement for the state auditor to study and evaluate federal tax law changes that have significant impact on Colorado's tax base, with first report due June 30, 2025, and subsequent reports due annually by June 30.

• Designates work papers generated for the federal tax law report as confidential, requiring majority approval from the legislative audit committee before any public disclosure.

• Requires the state auditor to collaborate annually with the Department of Revenue to identify expected impacts from federal tax law changes and authorizes sharing of classified tax statistics for this purpose.

• Extends the repeal date of the legislative oversight committee and task force concerning tax policy from December 31, 2026, to December 31, 2031.