For income tax years commencing on or after January 1, 2023, but prior to January 1, 2028, the bill allows a $750 income tax credit to any taxpayer that purchases a new motor vehicle (purchaser) and at the same time trades in an old motor vehicle for recycling. The purchase of the new motor vehicle and the trade in for recycling of the old motor vehicle are required to occur through the same licensed motor vehicle dealer. The bill defines a vehicle that is a 2015 model year or newer as a "new motor vehicle" and a vehicle that is a model year 2009 or older as an "old motor vehicle". The purchaser is required to assign the tax credit to the purchaser's financing entity in a manner specified in the bill, and the financing entity is required to compensate the purchaser for the full nominal value of the tax credit. To complete the tax credit assignment, the purchaser and the financing entity are required to enter into an agreement that identifies the vehicle identification numbers of the old motor vehicle and the new motor vehicle, includes certification from the licensed motor vehicle dealer that the old motor vehicle will be traded for recycling pursuant to current law, and satisfies all other requirements regarding the assignment of the tax credit. The financing entity is required to electronically submit a report containing the information required in the agreement to the department of revenue (department) in a form and manner to be determined by the department. In addition, the financing entity is required to file the agreement described with the original tax return for the taxable year in which the old motor vehicle is traded in for recycling and a new motor vehicle is purchased. The licensed motor vehicle dealer that sells the purchaser the new motor vehicle and takes the old motor vehicle for recycling is required to certify, in a form and manner to be determined by the department, that an old motor vehicle that is traded in for recycling for the purpose of claiming the tax credit will be recycled in accordance with current law. A licensed motor vehicle dealer that provides certification that it will recycle an old motor vehicle but that fails to transfer the vehicle for recycling is subject to a fine. (Note: This summary applies to this bill as introduced.)
Sponsored bills
The act extends deadlines related to COVID-19 relief programs within the Colorado office of economic development and international trade that are dedicated to accelerating the recovery of negatively impacted industries and businesses. Specifically, the act extends the: COVID-19 relief programs for small businesses spending authority for technical assistance from June 30, 2022, to December 31, 2023, and the reporting deadline from November 1, 2022, to November 1, 2023, and adds another report due on November 1, 2024; Closing of the applications deadline for the small business accelerated growth program from December 31, 2022, to October 31, 2023; and Deadline for eligible events to occur under the Colorado meetings and events incentive program from December 31, 2022, to June 30, 2024, and the reporting requirement due dates through July 1, 2025.(Note: This summary applies to this bill as enacted.)
Under current law, money in the ARPA account in the healthcare affordability and sustainability fee cash fund as a result of fund savings and federal matching dollars must be used in accordance with the federal "American Rescue Plan Act of 2021" (ARPA) to implement or supplement the implementation of home- and community-based services. The act authorizes money in the ARPA account to be used for a purpose that is ineligible for a federal match but otherwise authorized pursuant to the ARPA if the general assembly appropriates the money for that purpose. (Note: This summary applies to this bill as enacted.)
Current law requires the state department of health care policy and financing to obtain a vendor to provide a comprehensive care coordination and treatment training model (model) for persons who work with persons with intellectual and developmental disabilities and co-occurring behavioral health needs by January 1, 2022. The act removes that deadline. Current law requires case-management agencies, mental health centers, and other program-approved service agencies in the state to nominate providers to participate in the model training designed and provided by the selected vendor no later than March 1, 2022. The act removes that deadline and requires that providers be nominated to participate in the model training no later than 60 days after a vendor is obtained to provide the model training. Current law requires providers participating in the model training to complete the training no later than March 30, 2023. The act removes that deadline and requires that the model training be completed no later than one calendar year after a provider is nominated to participate in the model training. (Note: This summary applies to this bill as enacted.)
The act directs the state treasurer to transfer $2 million from the coal transition workforce assistance program account (account) to the just transition cash fund (fund) on March 7, 2022, and directs the general assembly to appropriate $150,000 from the fund to the department of higher education for allocation to the Colorado school of mines to expand the Carbon Ore, Rare Earth, and Critical Minerals Initiative for U.S. Basins (CORE-CM initiative) in the Greater Green river and Wind river basins. Additionally, the act modifies the account as follows: Removes the requirement that the department of labor and employment (department) expend specified percentages of money in the account by specified fiscal years; and Removes the prioritization of account expenditures first for programs that directly support coal transition workers, thereby allowing the department to also expend money in the account for programs that support coal transition workers' family members and other household members. The act also: Repeals the $7,000,000 appropriation from the account to the department, made pursuant to House Bill 21-1290, concerning funding to provide just transition for coal transition workers and coal transition communities, for the 2020-21 state fiscal year; Appropriates from the account to the department, for the coal transition workforce assistance program, $500,000 for the 2021-22 state fiscal year and $2 million for the 2022-23 state fiscal year; Appropriates from the fund to the department, for authorized investments in just transition programs for communities, $1,295,000 for the 2021-22 state fiscal year and $555,000 for the 2022-23 state fiscal year; and Appropriates $150,000 to the department of higher education for allocation to the Colorado school of mines to expand the CORE-CM initiative.(Note: This summary applies to this bill as enacted.)
The state treasurer is required to transfer $5 million from the general fund to the local firefighter safety and disease prevention fund (fund). The money is continuously appropriated to the department of public safety (department). The division of fire prevention and control (division) in the department is required to use the money transferred to directly pay for equipment and training for local and volunteer fire departments or to reimburse local and volunteer fire departments for the costs of equipment and training without requiring a grant application and review process. If the division determines it cannot use the full amount to directly pay for equipment and training, it may use the money for any purpose authorized prior to January 1, 2022, for money in the fund. The division is required to prioritize fire departments that it identifies as having the greatest need for assistance to ensure firefighter safety. (Note: This summary applies to this bill as enacted.)
The bill requires the director of the office of economic development (office) or the director's designee to conduct or cause to be conducted a study (feasibility study) regarding the feasibility of using small modular nuclear reactors as a carbon-free energy source for the state and includes specific items that must be included in the feasibility study. By July 1, 2024, the director of the office is required to provide a written report to the committees of the senate and house of representatives having jurisdiction over energy matters regarding the findings and conclusions from the feasibility study. The bill appropriates $500,000 from the general fund to the office for the 2022-23 fiscal year to be used for the purposes of the feasibility study. In addition, current law defines recycled energy as energy produced by a generation unit with a nameplate capacity of not more than 15 megawatts. For pumped hydroelectricity generation only, the bill specifies that the energy be produced by a generation unit with a nameplate capacity of not more than 400 megawatts. (Note: This summary applies to this bill as introduced.)
The act establishes a set of evidence-based definitions to be used when analyzing a program or practice. If a state agency or the office of state planning and budgeting includes an evidence-based evaluation of a program or practice in a budget request or budget amendment, then the state agency or office is required to describe the program or practice using the definitions. In such case, the state agency or office is also required to provide any research that supports the program or practice or a decrease in funding for a program or practice, along with information concerning how the evidence referenced was used in the development of the budget request or budget amendment request.Joint budget committee staff is required to independently analyze and describe the program or practice using the definitions and to include any evidence-based information as part of any recommendation it makes regarding a budget request or budget amendment request. The staff director is required to appoint additional staff as necessary to provide the evidence-based analysis, and upon request, joint budget committee staff shall also assist legislators in incorporating evidence-based assessments in legislation for bills that create a new program or practice.The joint budget committee is required to consider, as one of many factors, any available evidence-based information when determining the appropriate level of funding of a program or practice.(Note: This summary applies to this bill as enacted.)
The act creates the technology risk prevention and response fund (fund) for the office of information technology (office). The act specifies that the fund consists of money that the general assembly may appropriate or transfer to the fund.Fifty percent of the total balance of the fund is continuously appropriated to the office.The office may use the money in the fund for one-time costs associated with:Information technology emergencies; Ensuring compliance with the office's information technology standards and policies; or Preventing risk from certain information technology debt. The act also increases the amount of money that may be transferred between items of appropriation made to principal departments of state government and to the office of the governor, which includes the office of information technology.The act appropriates $2 million from the general fund to the fund.(Note: This summary applies to this bill as enacted.)