The bill creates the Young Americans Center for Financial Education fund (fund) in the state treasury. A voluntary contribution designation line for the fund will appear on the state individual income tax return form (form) for the 5 income tax years following the year that the executive director of the department of revenue (department) certifies to the revisor of statutes that: There is a space available on the form; and The fund is next in the queue. Once the fund is placed on the form, the department is directed to determine annually the total amount contributed to the fund and report that amount to the state treasurer and the general assembly. The state treasurer is required to credit that amount to the fund, and the general assembly appropriates from the fund to the department the costs of administering money designated for the fund. After that amount is deducted, the money remaining in the fund at the end of a fiscal year is transferred to the Young Americans Center for Financial Education, a nonprofit organization. Following the statutory 2-year grace period for new tax check-offs, the fund is required to achieve the minimum contribution amount of $50,000 per year to remain on the form. The fund is repealed in the sixth income tax year following the year in which the director files the certification, unless it is continued by the general assembly before then. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More
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Executive Committee of the Legislative Council. Currently, salaries for most state employees are paid once a month on the last day of the month; except that salaries for June are paid on the first working day of July. Current law states that salary payments for employees paid through the state's payroll system will change from monthly to twice monthly when the twice monthly payroll system is implemented. The bill exempts members of the general assembly and most employees of the legislative department from the change to the twice monthly payroll system. The bill specifies that members of the general assembly and most employees of the legislative department will continue to be paid monthly as of the last working day of the month; except that salaries for the month of June shall be paid on the first working day of July. The bill also specifies that salary payments for employees of the legislative department who are currently paid on a biweekly basis will change to a twice monthly payment when the twice monthly payroll system is implemented and in place for all other employees. (Note: This summary applies to this bill as introduced.) , Read More
The bill makes appropriations for matters related to the legislative department for the 2018-19 state fiscal year. Additionally, the bill directs the state treasurer to transfer $850,000 from the preservation grant program account in the state historical fund to the legislative department cash fund for use in the project to restore the old supreme court chamber in the state capitol building. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More
For income tax years commencing on and after January 1, 2018, the bill reduces both the individual and the corporate state income tax rate from 4.63% to 4%. The bill also reduces the state alternative minimum tax by 0.63% for income tax years commencing on and after January 1, 2018. (Note: This summary applies to this bill as introduced.) , Read More
The bill changes the deadlines for state agencies to submit their budget requests to the general assembly in order for each joint committee of reference assigned to a particular state department to hear that department's budget request, budget request amendment, or request for supplemental appropriation prior to the presentation of such matters to the joint budget committee. The bill requires the joint committee of reference to provide to the joint budget committee, at a joint meeting, any recommendations regarding the budget request no later than November 1 and any recommendations regarding budget request amendments or requests for supplemental appropriations no later than January 15. The bill requires the joint budget committee liaison assigned to the joint committee of reference to notify the joint committee of reference which recommendations the joint budget committee did or did not adopt in the joint budget committee's appropriations recommendations to the appropriations committees. The bill also requires the staff of the joint budget committee to provide budget analyses to the joint committees of reference.(Note: This summary applies to this bill as introduced.) , Read More
The bill prohibits dismemberment abortions. (Note: This summary applies to this bill as introduced.) , Read More
With certain exceptions, current law limits the authority of a person who holds a valid permit to carry a concealed handgun by prohibiting a permit holder from carrying a concealed handgun on public elementary, middle, junior high, or high school grounds. The bill removes this limitation. (Note: This summary applies to this bill as introduced.) , Read More
The bill enacts the 'Regulatory Reform Act of 2018'. Section 2 of the bill makes legislative declarations about the importance of businesses with 100 or fewer employees to the Colorado economy and the difficulty these types of businesses have in complying with new administrative rules that are not known or understood by these businesses. Section 3 defines 'new rule' as any regulatory requirement in existence for less than one year prior to its enforcement by a state agency, and 'minor violation' as any violation of a new rule by a business with 100 or fewer employees where the violation is minor in nature, involving record-keeping or other issues that do not affect the safety of the public. Section 3 provides exceptions from the definition of 'minor violation' for certain types of rules. For the first minor violation of a new rule by a business of 100 or fewer employees, section 4 requires a state agency to issue a written warning and engage the business in educational outreach as to the methods of complying with the new rule. Section 3 requires state agencies to make information on new rules available and allows this information to be made available in electronic form.(Note: This summary applies to this bill as introduced.) , Read More