HB24-1469 Summary

• Modifies the definition of "collections for another government" to exempt certain tax revenues from counting toward Colorado's state fiscal year spending limit under the state constitution.

• Designates limited gaming tax revenues and cigarette tax revenues that are collected by the state and distributed to local governments as "collections for another government," effective for fiscal years beginning July 1, 2023.

• Establishes three categories of revenues that qualify as collections for another government: revenues collected under another government's authority, revenues apportioned to another government when it foregoes imposing certain taxes, and revenues collected under constitutional requirements.

• Clarifies that money apportioned to local governments from cigarette taxes and limited gaming taxes shall be included for informational purposes in appropriation bills but excluded from state fiscal year spending calculations.

• Specifies that distributions of limited gaming tax revenues to local governments and historical gaming tax revenues to the cities of Central, Black Hawk, and Cripple Creek qualify as collections for another government for spending limit purposes.