Second Regular Session Sixty-ninth General Assembly STATE OF COLORADO INTRODUCED LLS NO. 14-0650.01 Jery Payne x2157 SENATE BILL 14-044 SENATE SPONSORSHIP Hill, HOUSE SPONSORSHIP (None), Senate Committees House Committees State, Veterans, & Military Affairs A BILL FOR AN ACT Concerning an alternative to required payments to register a motor vehicle for older Coloradans. Bill Summary (Note: This summary applies to this bill as introduced and does not reflect any amendments that may be subsequently adopted. If this bill passes third reading in the house of introduction, a bill summary that applies to the reengrossed version of this bill will be available at http://www.leg.state.co.us/billsummaries.) Currently, owners of motor vehicles pay specific ownership tax and several registration fees, some of which are based on the age and weight of the vehicle. The bill authorizes people who are 65 years of age or older and who have lived in Colorado for 5 years to pay a flat registration fee of $34.10 and specific ownership tax of $15.90 instead of the normal fees and tax. The fees are apportioned as follows: The department or county clerk who issues the registration may retain $2 for costs; $1.50 is for the county road and bridge fund; 50› is for the Colorado state titling and registration account in the highway users tax fund; $2.50 is for the license plate cash fund; 50› is for the AIR account in the highway users tax fund; 10› is for the motorist identification account in the highway users tax fund; $13 is for the statewide bridge enterprise special revenue fund; $2 is for the emergency medical services account in the highway users tax fund; $12 is for the highway users tax fund. Be it enacted by the General Assembly of the State of Colorado: SECTION 1. In Colorado Revised Statutes, 42-3-107, add (12.5) as follows: 42-3-107. Taxable value of classes of property - rate of tax - when and where payable - department duties - apportionment of tax collections - definitions - rules. (12.5) (a) In lieu of paying the annual specific ownership tax under subsection (10) of this section, a person may pay the specific ownership tax of fifteen dollars and ninety cents if: (I) The person is sixty-five years of age or older; (II) The person has continually resided in Colorado for five years or more; and (III) The motor vehicle is class C personal property. (b) In addition to any other penalties, an owner who fails to pay the specific ownership tax under this subsection (12.5) shall pay the specific ownership tax imposed under subsection (10) of this section for the year. SECTION 2. In Colorado Revised Statutes, add 42-3-314 as follows: 42-3-314. Alternate registration fees - sixty-five years or older. (1) (a) In lieu of paying the registration fees imposed by this part 3 and section 43-4-805, C.R.S., a person may pay a registration fee of thirty-four dollars and ten cents if: (I) The person is sixty-five years of age or older; (II) The person has continually resided in Colorado for five years or more; and (III) The motor vehicle is class C personal property. (b) This section does not exempt a person from paying the special license plate fees or surcharges imposed under section 42-3-312 or part 2 of this article. (2) (a) The department or authorized agent who issues the registration authorized in subsection (1) of this section may retain two dollars of the registration fee. (b) The department or authorized agent shall retain one dollar and fifty cents of the fee, which the department shall transfer to the county, if applicable, and the county shall allocate to the county road and bridge fund. (c) If applicable, the county shall transfer the remainder of the fee to the department. The department shall transfer the remainder of the fee to the state treasurer, who shall credit the following amounts to the following funds: (I) Fifty cents to the Colorado state titling and registration account created in section 42-1-211 (2) within the highway users tax fund; (II) Two dollars and fifty cents to the license plate cash fund created in section 42-3-301 (1) (b); (III) Fifty cents to the AIR account within the highway users tax fund; (IV) Ten cents to the motorist identification account within the highway users tax fund; (V) Thirteen dollars to the statewide bridge enterprise special revenue fund created in section 43-4-805 (3) (a), C.R.S.; (VI) Two dollars to the emergency medical services account within the highway users tax fund; and (VII) Twelve dollars to the highway users tax fund. (d) In addition to any other penalties, an owner who fails to pay the fees imposed by this section is no longer qualified to pay fees under this section. SECTION 3. Act subject to petition - effective date - applicability. (1) 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 6, 2014, if adjournment sine die is on May 7, 2014); 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 2014 and, in such case, will take effect on the date of the official declaration of the vote thereon by the governor. (2) This act applies to vehicles registered on or after January 1, 2015.