Under current law, manufacturers and distributors of fuel products in the state are required to pay a fee each calendar month to the department of revenue (department). The fee is deposited in the petroleum storage tank fund. The department also collects another fee (PFAS cash fund fee) to fund the perfluoroalkyl and polyfluoroalkyl substances cash fund, support the department of transportation, support the Colorado state patrol, and pay the costs to the department for administering the fee. The act clarifies the fee amounts that the department is required to collect for the petroleum storage tank fund. The act also repeals outdated provisions regarding the PFAS cash fund fee and clarifies that the department must annually transmit the collected fee to the state treasurer. APPROVED by Governor April 4, 2024 EFFECTIVE August 7, 2024(Note: This summary applies to this bill as enacted.)
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Under existing law, the peace officer standards and training board may grant a person a provisional certification as a peace officer if the person satisfies the requirements for a provisional certificate. One of the requirements is that the person must have been a peace officer in another state or federal jurisdiction, excluding the armed forces, within the preceding 3 years. The act removes the exception for the armed forces, so that being a peace officer in the armed forces satisfies that requirement for a provisional certificate. APPROVED by Governor March 22, 2024 EFFECTIVE August 7, 2024(Note: This summary applies to this bill as enacted.)
The act changes the refund mechanism for state revenues that exceed the state's fiscal year spending limit (TABOR refunds). Before passage of the act, 3 refund mechanisms for TABOR refunds applied for the 2022-23 state fiscal year: Reimbursement, paid to counties for allocation to local governments that levy property taxes, for the reduction in property taxes resulting from the property tax exemptions for qualifying seniors and veterans with a disability; An additional reimbursement that is paid to counties for allocation to local governmental entities that levy property taxes for the reduction in property taxes resulting from reductions in valuation for assessment; and A sales tax refund for individual taxpayers, the amount of which is either based on 6 tiers of income or, if there is insufficient revenue for the tiered approach, is an identical refund amount. The act creates a new temporary refund mechanism that replaces the sales tax refund mechanism for the 2022-23 state fiscal year. Under this mechanism, each qualified individual is eligible to receive an identical refund payment from the remaining excess state revenues after refunds are made through the county reimbursement mechanisms (remaining excess state revenues). The amount of the refund is equal to the amount of remaining excess state revenues divided by the number of qualified individuals, and it is a refund from all sources of state fiscal year spending. A qualified individual filing a single return is entitled to one refund, and 2 qualified individuals filing a joint return are entitled to 2 refunds. The executive director of the department of revenue is required to administer this refund in the same manner as the identical sales tax refund. The refund is not to be reported to the department of revenue as a payment of a refund, credit, or offset of state income taxes in any information return required to be filed pursuant to federal law. APPROVED by Governor November 20, 2023 EFFECTIVE November 20, 2023(Note: This summary applies to this bill as enacted.)
The act establishes requirements regarding guaranteed asset protection agreements (GAP agreement). A GAP agreement relieves a consumer of liability for all or part of the deficiency balance remaining after the payment of all insurance proceeds upon the total loss of the consumer's motor vehicle. The act permits a creditor to collect additional charges for a GAP agreement as part of a consumer credit transaction. The act sets forth requirements related to GAP agreements, including: Setting conditions and provisions that must be a part of any GAP agreement in order for it to be valid; Establishing the method by which the deficiency balance is calculated and what the consumer will be owed pursuant to the GAP agreement in the event of a total loss; Detailing procedures for when a consumer files a claim under the consumer's GAP agreement after a total loss; Establishing procedures and methods for the cancellation or assignment of a GAP agreement; Establishing the maximum fee that may be charged for a GAP agreement, which must not exceed 4% of the total amount financed in the consumer credit transaction or $600, whichever amount is greater; and Prohibiting the sale of a GAP agreement in specified circumstances, such as when the loan to value ratio in the GAP agreement exceeds 150%. APPROVED by Governor June 7, 2023 EFFECTIVE January 1, 2024 NOTE: This act was passed without a safety clause. (Note: This summary applies to this bill as enacted.)
The act creates the task force on corporate housing ownership (task force) in the state demography office in the department of local affairs and directs the task force to: Examine housing ownership by corporate entities and residential real estate transactions by corporate entities in Colorado since January 1, 2008, including purchases resulting from foreclosures; Determine a methodology by which to examine the impacts of corporate acquisition and ownership of residential property, with a focus on single-family homes, condominiums, and townhomes; Gather and analyze data, reports, and public records related to corporate ownership of housing; Make legislative recommendations to mitigate any negative impacts related to corporate ownership of housing that are identified by the task force; and Report to specified legislative committees certain information concerning the impacts of corporate ownership of housing. The task force must report its findings to the transportation, housing, and local government committee of the house of representatives and the local government and housing committee of the senate, or to any successor committees, by October 1, 2025. The task force is repealed, effective September 1, 2027. For the 2023-24 state fiscal year, the act appropriates from the general fund: $122,549 to the department of local affairs for use by the state demography office; and $1,416 to the legislative department for use by the general assembly. APPROVED by Governor June 7, 2023 EFFECTIVE August 7, 2023 NOTE: This act was passed without a safety clause and takes effect 90 days after sine die. (Note: This summary applies to this bill as enacted.)
Current law includes a Colorado veterans' service-to-career program (program), which authorizes nonprofit agencies to partner with work force centers selected by the department of labor and employment to provide veterans and other eligible participants with skills training, internships, work placements, mentorship opportunities, career and professional counseling, and support services. The program requires that if a program participant is eligible for federal funding that federal funding must be used first. The act repeals that requirement. The act requires work force center staff to vet potential program participants and leverage additional funding sources to deliver comprehensive services. Obsolete language related to the program is repealed. The act extends the repeal date for the program to July 1, 2024. APPROVED by Governor June 6, 2023 EFFECTIVE August 7, 2023 NOTE: This act was passed without a safety clause and takes effect 90 days after sine die. (Note: This summary applies to this bill as enacted.)
A person applying for a marijuana license is required to pay both an application fee and a licensing fee. The act clarifies that the state licensing authority may issue a refund of a licensing fee if the marijuana license application is denied. Furthermore, the act states that the state licensing authority must retain the applicant's application fee, but a local licensing authority can choose to retain or refund an applicant's application fee. Current law requires a marijuana license applicant to obtain both a state license and local jurisdiction approval, and the state license is conditioned on local jurisdiction approval. The act provides an applicant the opportunity to renew, for up to one year, a state license that would otherwise expire because of failure to receive local jurisdiction approval at the discretion of the state licensing authority. For state fiscal year 2023-24, the act requires the state treasurer to transfer from the general fund an amount equal to the unused general fund appropriation in the department of revenue's IDS print production line item at the end of state fiscal year 2022-23 to the department's marijuana cash fund. APPROVED by Governor June 5, 2023 EFFECTIVE August 7, 2023 NOTE: This act was passed without a safety clause and takes effect 90 days after sine die. (Note: This summary applies to this bill as enacted.)