SB 20-021

  • Colorado Senate Bill
  • 2020 Regular Session
  • Introduced in Senate Feb 19, 2020
  • Passed Senate Feb 18, 2020
  • Passed House Jun 08, 2020
  • Signed by Governor Jun 30, 2020

Tax Expenditure Bill Requirements

Abstract

Current law requires a legislative declaration stating the intended purpose of a new tax expenditure or the intended purpose for extending an expiring tax expenditure. The act expands that law by: Requiring a statutory legislative declaration, not nonstatutory; Requiring any bill that creates a new tax expenditure to include a repeal of the expenditure after a specified period of tax years and any bill that extends an expiring tax expenditure to extend the expenditure for a specified period of tax years; and Requiring the statement of the intended purpose to be a part of a tax preference performance statement, which includes: The classification of the type of the tax expenditure; and Detailed information regarding the legislative purpose of the tax expenditure, which, at minimum, includes clear, relevant, and ascertainable metrics and data requirements that allow the tax expenditure to be measured for effectiveness in achieving the intended purpose.(Note: This summary applies to this bill as enacted.)

Bill Sponsors (3)

Votes


Jun 08, 2020

Feb 18, 2020

Actions


Jun 30, 2020

Office of the Governor

Governor Signed

Jun 19, 2020

Office of the Governor

Sent to the Governor

House

Signed by the Speaker of the House

Senate

Signed by the President of the Senate

Jun 08, 2020

House

House Third Reading Passed - No Amendments

Jun 05, 2020

House

House Third Reading Laid Over Daily - No Amendments

Jun 04, 2020

House

House Second Reading Special Order - Passed - No Amendments

Jun 03, 2020

House

House Second Reading Laid Over Daily - No Amendments

May 28, 2020

House

House Committee on Finance Refer Unamended to House Committee of the Whole

  • Committee-Passage
  • Referral-Committee
Finance House Committee of the Whole

Feb 19, 2020

House

Introduced In House - Assigned to Finance

  • Introduction
Finance

Feb 18, 2020

Senate

Senate Third Reading Passed - No Amendments

Feb 14, 2020

Senate

Senate Second Reading Passed - No Amendments

Feb 11, 2020

Senate

Senate Committee on Finance Refer Unamended - Consent Calendar to Senate Committee of the Whole

  • Committee-Passage
Finance

Feb 06, 2020

Senate

Senate Committee on Finance Witness Testimony and/or Committee Discussion Only

Finance

Jan 08, 2020

Senate

Introduced In Senate - Assigned to Finance

  • Introduction
Finance

Bill Text

Bill Text Versions Format
Signed Act (06/30/2020) PDF
Final Act (06/19/2020) PDF
Rerevised (06/08/2020) PDF
Revised (06/04/2020) PDF
Reengrossed (02/18/2020) PDF
Engrossed (02/14/2020) PDF
Introduced (01/08/2020) PDF
Committee Amendment PDF

Related Documents

Document Format
Fiscal Note FN1 (01/24/2020) PDF
Fiscal Note FN2 (07/30/2020) PDF

Sources

Data on Open States is updated periodically throughout the day from the official website of the Colorado General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.