CO SB042

Clarifies statutory definitions of "collections for another government" and "damage awards" for purposes of calculating state fiscal year spending under TABOR (Article X, Section 20 of the Colorado Constitution), effective for fiscal years beginning July 1, 2025

Expands "collections for another government" to include excise tax revenue on aviation gasoline collected by the state and distributed to governmental or airport entities operating FAA-designated public use airports

Expands "damage awards" to include civil fines and penalties collected by multiple state agencies, including the Division of Insurance, Division of Financial Services, Banking Board, Department of Public Health and Environment, and Department of Health Care Policy and Financing

Adds specific revenue sources to the "damage awards" definition including fines credited to the Highway Users Tax Fund, crime victim compensation fund deposits, unemployment insurance penalties, and Medicaid reimbursements from legally responsible parties

Reclassifying these revenues as exempt from TABOR's fiscal year spending limit allows the state to retain more revenue without triggering refund requirements