SB24-231 Summary

• Implements consensus recommendations from the Department of Revenue's Liquor Advisory Group to comprehensively modernize Colorado's liquor laws through amendments to licensing, operations, and regulatory requirements.

• Creates new license types: Lodging Facility license, Entertainment Facility license, Catering license, and Alcohol Beverage Shipper license for wine direct shipping.

• Increases small business purchasing limits from $2,000 to $7,000 annually for certain retail licensees, with automatic inflation adjustments beginning January 1, 2025.

• Allows biennial (two-year) license renewals for certain in-good-standing licensees and establishes an online portal feasibility study for license applications and renewals by January 1, 2028.

• Permits inventory sales between retail liquor stores under specific conditions, including 5-year moratoriums on new licenses at sold locations and wholesaler debt notification procedures to protect creditors.