HB 24-1436

  • Colorado House Bill
  • 2024 Regular Session
  • Introduced in House Apr 22, 2024
  • Passed House Apr 19, 2024
  • Passed Senate May 01, 2024
  • Signed by Governor May 20, 2024

Sports Betting Tax Revenue Voter Approval

Abstract

The act refers a ballot issue to the voters at the November 2024 statewide election to allow the state to keep and spend all revenue from the existing tax on the net proceeds of licensed sports betting (sports betting tax), including revenue in excess of the $29 million fiscal year estimate included in the 2019 ballot question as follows: All revenue from the sports betting tax up to $29 million annually, together with all revenue derived by the division of gaming in the department of revenue, will continue to be used to pay for the regulation of sports betting, to offset losses to other wagering revenue recipients, and to support responsible gaming, with any remaining money being transferred to the water plan implementation cash fund; and All sports betting tax revenue in excess of $29 million annually will be transferred to the water plan implementation cash fund to be used for water conservation and protection projects. If the majority of electors voting at the November 2024 statewide election vote against allowing the state to keep and spend all sports betting tax revenue as outlined above, then any tax revenue collected in excess of $29 million annually will be refunded to the licensed sports betting operations that paid the sports betting tax according to a reasonable method to be determined by the department of revenue. APPROVED by Governor May 20, 2024 EFFECTIVE May 20, 2024(Note: This summary applies to this bill as enacted.)

Bill Sponsors (4)

Votes


May 01, 2024

Apr 19, 2024

Actions


May 20, 2024

Office of the Governor

Governor Signed

May 08, 2024

Office of the Governor

Sent to the Governor

Senate

Signed by the President of the Senate

House

Signed by the Speaker of the House

May 01, 2024

Senate

Senate Third Reading Passed - No Amendments

Apr 30, 2024

Senate

Senate Second Reading Special Order - Passed - No Amendments

Senate

Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole

  • Committee-Passage
  • Referral-Committee
Appropriations Senate Committee of the Whole

Apr 25, 2024

Senate

Senate Committee on Finance Refer Unamended to Appropriations

  • Referral-Committee
Appropriations Finance

Apr 22, 2024

Senate

Introduced In Senate - Assigned to Finance

  • Introduction
Finance

Apr 19, 2024

House

House Third Reading Passed - No Amendments

Apr 18, 2024

House

House Second Reading Special Order - Passed - No Amendments

Apr 17, 2024

House

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

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

Apr 11, 2024

House

House Committee on Finance Refer Unamended to Appropriations

  • Referral-Committee
Appropriations Finance

Apr 01, 2024

House

Introduced In House - Assigned to Finance

  • Introduction
Finance

Bill Text

Bill Text Versions Format
Signed Act (05/20/2024) PDF
Final Act (05/08/2024) PDF
Rerevised (05/01/2024) PDF
Revised (04/30/2024) PDF
Reengrossed (04/19/2024) PDF
Engrossed (04/18/2024) PDF
Introduced (04/01/2024) PDF
Committee Amendment PDF

Related Documents

Document Format
Fiscal Note SA1 (04/12/2024) PDF
Fiscal Note SA2 (04/29/2024) PDF
Fiscal Note FN1 (04/09/2024) 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.