The bill extends the advanced industries export acceleration program that is currently managed by the office of economic development. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) Read More
Section 1 of the bill amends the definition of 'appraisal management company' to contain all of the elements specified in recent amendments to Title XI of the federal 'Financial Institutions Reform, Recovery, and Enforcement Act of 1989' (FIRREA) and regulations adopted in furtherance of FIRREA. Section 1 also adds a definition of 'appraiser panel' to include appraisers working as independent contractors. Section 2 requires the state board of real estate appraisers to maintain a separate list of appraisal management companies (AMCs) that have an appraiser panel larger than the federal jurisdictional threshold of 15 appraisers in Colorado or 25 appraisers in all states in which the company operates. Section 3 directs the board to require that an AMC establish processes and controls to ensure compliance with the federal 'Truth in Lending Act' and applicable federal regulations. Section 4 directs the board to: Collect an annual registry fee from appraisal management companies that operate as subsidiaries of federally regulated financial institutions; and Transmit that fee to the federal financial institutions examinations council.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More
Existing law generally requires that, for a person to issue a security, either the security or the person must be exempt or the person must register the security with the securities commissioner. The federal 'National Securities Markets Improvement Act of 1996' (NSMIA) preempts certain provisions of the 'Colorado Securities Act' that require the filing of a registration statement and the collection of fees for mutual fund offerings. NSMIA permits state securities regulators to require only notice filing and the payment of a required fee for mutual fund offerings. Sections 1, 2, and 5 of the bill eliminate the registration requirement, and section 3 substitutes a notice filing requirement. The notice is valid for 12 months, must be accompanied by a fee established by the securities commissioner, and can be renewed.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More
The bill adds 3 members to the Colorado task force on drunk and impaired driving. The executive director of the department of transportation, or the director's designee, shall appoint a community-based representative from the substance use disorder prevention field and a representative from the retail or medical marijuana industry who is an owner or manager of a retail dispensary. The executive director of the department of revenue, or the director's designee, shall appoint a representative from the marijuana enforcement division. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More
As it relates to naturopathic doctors, the bill: Requires that the statement provided to a patient before treatment disclose that the naturopathic doctor is registered; Removes the requirement that naturopathic doctors use the term "registered" in the naturopathic doctor's title; Requires a naturopathic doctor to qualify any specialty services provided to the public with "naturopathic" or "naturopath"; and Clarifies the circumstances under which a naturopathic doctor can use the term "physician".(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More
The bill changes the name of the existing low-income housing tax credit to the affordable housing tax credit. This change is reflected in sections 1 and 3 of the bill. Section 2 extends the period during which the Colorado housing and finance authority may allocate affordable housing tax credits from December 31, 2019, to December 31, 2024.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More
Opioid and Other Substance Use Disorders Interim Study Committee. The bill modifies the Colorado health service corps program administered by the primary care office in the department of public health and environment as follows: For purposes of determining areas in the state in which there is a shortage of health care professionals and behavioral health care providers to meet the needs of the community, allows the primary care office, under guidance adopted by the state board of health, to develop and administer state health professional shortage areas using state-specific methodologies; Allows behavioral health care providers, which include licensed and certified addiction counselors, licensed professional counselors, licensed clinical social workers, licensed marriage and family therapists, licensed psychologists, licensed physician assistants with specific training in substance use disorders, advanced practice nurses, and physicians certified or trained in addiction medicine, pain management, or psychiatry, and candidates for licensure as an addiction counselor, professional counselor, clinical social worker, marriage and family therapist, or psychologist, to participate in the loan repayment program on the condition of committing to provide behavioral health care services in health professional shortage areas for a specified period; Directs the advisory council to prioritize loan repayment and scholarships for those behavioral health care providers, candidates for licensure, or addiction counselors who provide behavioral health care services in nonprofit or public employer settings but permits consideration of applicants practicing in a private setting that serves underserved populations; Establishes a scholarship program to help defray the education and training costs associated with obtaining certification as an addiction counselor or with progressing to a higher level of certification; Adds 2 members to the advisory council that reviews program applications, which members include a representative of an organization representing substance use disorder treatment providers and a licensed or certified addiction counselor who has experience in rural health, safety net clinics, or health equity; Modifies program reporting requirements and requires annual reporting that coincides with required SMART Act reporting by the department; and Requires the general assembly to annually appropriate $2.5 million from the marijuana tax cash fund to the primary care office to provide loan repayment for behavioral health care providers and candidates for licensure participating in the Colorado health service corps and to award scholarships to addiction counselors participating in the scholarship program. The bill appropriates $2.5 million from the marijuana tax cash fund to the department of public health and environment for use by the primary care office in the prevention services division to implement the bill. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More
Opioid and Other Substance Use Disorders Interim Study Committee. The bill restricts the number of opioid pills that a health care practitioner, including physicians, physician assistants, advanced practice nurses, dentists, optometrists, podiatrists, and veterinarians, may prescribe for an initial prescription to a seven-day supply and allows each health care practitioner to exercise discretion to include a second fill for a seven-day supply, unless, in the judgment of the practitioner, the patient: Has chronic pain that typically lasts longer than 90 days or past the time of normal healing, as determined by the podiatrist, or following transfer of care from another podiatrist who prescribed an opioid to the patient; Has been diagnosed with cancer and is experiencing cancer-related pain; or Is experiencing post-surgical pain that, because of the nature of the procedure, is expected to last more than 14 days. Additionally, an advanced practice nurse may prescribe a refill if the patient is undergoing palliative or hospice care. The restrictions repeal on September 1, 2021. Current law allows health care practitioners and other individuals to query the prescription drug monitoring program (program). The bill requires health care practitioners to indicate his or her specialty or practice area upon the initial query and to query the program prior to prescribing the second fill for an opioid unless the person receiving the prescription meets certain requirements. The bill requires the department of public health and environment to report to the general assembly its findings from studies regarding the prescription drug monitoring program conducted pursuant to a federal grant program. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More
The bill defines 'open blockchain token' and exempts certain open blockchain tokens from the definition of 'security' for purposes of the 'Colorado Securities Act'. (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 or after January 1, 2019, but prior to January 1, 2023, the bill creates a state income tax credit for a donation of cash or securities a taxpayer makes to an eligible developer to be used solely for the costs associated with an eligible project. The bill defines 'eligible developer' to mean, in part, a nonprofit community-based home ownership development organization that satisfies specified requirements relating to its background in the field of housing development and is developing or plans to develop the eligible project that is or will be receiving the donations for which the tax credits may be claimed. The bill defines 'eligible project' to mean the development of new residential housing for home ownership consisting of one or more residential units constructed for sale to a buyer whose median income is 120% or less of the area median income and for which each unit sold is to be preserved as affordable housing for a minimum of 15 years by means of a specified deed restriction or long-term land use. In order to be designated as an eligible developer authorized to accept donations, a nonprofit community-based home ownership development organization must satisfy certain criteria as created and evaluated and as may be amended by the Colorado housing and finance authority (authority). The amount of the credit allowed by the bill is 50% of the amount of the money or the value of the securities donated to the eligible developer as documented in a form and manner acceptable to the department of revenue (department); except that the aggregate amount of the credit awarded to any one taxpayer under the bill is limited to $250,000 in any one income tax year. The aggregate amount of tax credits certified is limited to $1.5 million for each tax year beginning January 1, 2019, but prior to the tax year beginning January 1, 2023. If the amount of the credit allowed exceeds the amount of the taxpayer's income tax liability in the income tax year for which the credit is being claimed, the amount of the credit not used as an offset against income taxes in such income tax year is not allowed as a refund but may be carried forward and applied against the income tax due in each of the 5 succeeding income tax years, but must first be applied against the income tax due for the earliest of the income tax years possible. A tax credit allowed by the bill is neither transferable nor assignable to any other taxpayer. In order to claim the credit, the donation the taxpayer provides to obtain the credit must be accepted by the eligible developer to whom it has been given and certified by the authority. The authority is required to certify each donation. The authority completes certification by providing a certificate to the taxpayer in a format acceptable to the department evidencing that the certification requirements of the bill have been met. The authority is permitted to charge and collect an administrative fee from each applicant to recover program administration costs and expenses. A taxpayer claiming the credit must submit, maintain, and record any information that the department may require by rule regarding the taxpayer's donation to the eligible developer, including the certificate received from the authority. A taxpayer is required to electronically file with the department the certificate the taxpayer receives from the authority. Not later than January 15 of each year immediately following the year in which the authority certifies a tax credit, the authority is required to provide the department with an electronic report on the taxpayers who have received a credit for the calendar year that conforms to the income tax year for which the credit is allowed. The bill specifies information the report must contain. The tax credit is repealed, effective July 1, 2030. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More
