CO HB1216

HB 26-1216: Correction of Technical Defects in Department of Revenue Statutes

• Corrects formatting in the refundable income tax credit statute for certain businesses by ensuring the list of taxpayer conditions terminates properly with standard drafting conventions

• Updates outdated cross-references in statutes governing gas and special fuels tax collection and road usage fee/bridge and tunnel impact fee provisions

• Clarifies property tax/rent assistance grant amounts and heat/fuel expenses assistance grant amounts based on the specific year the claim was filed, distinguishing between 2023 claims ($872 and $240 respectively) and claims for years beginning January 1, 2024

• Removes unused definitions for "battery electric motor vehicle" and "plug-in hybrid electric motor vehicle" from the high-performance transportation enterprise statute

• Takes effect August 12, 2026, assuming adjournment on May 13, 2026, unless a referendum petition is filed