NOTE: The governor signed this measure on 3/19/2012.
      
      
      SENATE BILL 12-115
      
      
      BY SENATOR(S) Steadman, Hodge, Lambert;
      also REPRESENTATIVE(S) Becker, Gerou, Levy, Ferrandino, Jones,
      Murray.
      
      
      Concerning a requirement that the limited gaming control
           commission take into account the impact on all authorized
           recipients of gaming tax revenue when considering changes
           in rules governing the taxes on limited gaming activity.
      
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  In Colorado Revised Statutes, 12-47.1-601, add (1.5)
      as follows:
      
           12-47.1-601.  Gaming tax. (1.5)  When adopting or amending
      any rule affecting the applicable tax rate or any other attribute
      or policy relating to application of the gaming tax authorized by
      subsection (1) of this section, the commission shall consider the
      impact on recipients of limited gaming tax proceeds, including
      those from extended limited gaming.
      
           SECTION 2.  Act subject to petition - effective date. This act
      takes effect at 12:01 a.m. on the day following the expiration of the
      ninety-day period after final adjournment of the general assembly (August
      8, 2012, if adjournment sine die is on May 9, 2012); except that, if a
      referendum petition is filed pursuant to section 1 (3) of article V of the state
      constitution against this act or an item, section, or part of this act within
      such period, then the act, item, section, or part will not take effect unless
      approved by the people at the general election to be held in November 2012
      and, in such case, will take effect on the date of the official declaration of
      the vote thereon by the governor.
      
      
      
      
      ____________________________  ____________________________
      Brandon C. Shaffer                      Frank McNulty
      PRESIDENT OF                     SPEAKER OF THE HOUSE
      THE SENATE                         OF REPRESENTATIVES
      
      
      
      
      
      
      ____________________________  ____________________________
      Cindi L. Markwell                      Marilyn Eddins
      SECRETARY OF                 CHIEF CLERK OF THE HOUSE
      THE SENATE                         OF REPRESENTATIVES
      
      
      
      
                  APPROVED________________________________________
      
      
      
      
      
                                    _________________________________________
                                    John W. Hickenlooper
                                    GOVERNOR OF THE STATE OF COLORADO