Second Regular Session
               Seventieth General Assembly
                    STATE OF COLORADO
                                                 INTRODUCED
                                                           
                                                           
 LLS NO. 16-0814.01 Ed DeCecco x4216     HOUSE BILL 16-1118
                    HOUSE SPONSORSHIP
 Court, 
 
                   SENATE SPONSORSHIP
 (None),
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 House Committees
 Senate Committees
 
 
 Local Government
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                         A BILL FOR AN ACT
       Concerning a local taxing jurisdiction's repayment to the
            state for a prior sales and use tax distribution.
       
       
                           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.)
       
            If for any reason a local taxing jurisdiction is required to repay the
       state for a prior distribution of sales and use tax collections, the bill
       permits the executive director of the department of revenue to deduct the
       amount owed from future distributions of the tax collections. The
       executive director and the local taxing jurisdiction may enter into an
       intergovernmental agreement, which shall not exceed 3 years, to establish
       the terms of the repayment. The executive director is required to notify
       the state controller of the agreement.
            The bill also specifies that a local taxing jurisdiction's repayment
       for a prior distribution of sales and use tax collection is exempted from
       the state controller's usual debt collection procedures.
       
       
       
       Be it enacted by the General Assembly of the State of Colorado:
            SECTION 1.  In Colorado Revised Statutes, 39-26-122.5, add (4)
       as follows:
            39-26-122.5.  Collection of sales or use tax - enhanced
       efficiencies - intergovernmental agreements with local governments
       - legislative declaration. (4) (a)  If for any reason a local taxing
       jurisdiction is required to repay the state for a prior
       distribution of sales and use tax collections, then the executive
       director of the department of revenue may deduct the amount
       owed from future distributions of sales and use tax collections.
       The executive director and the local taxing jurisdiction may
       enter into an intergovernmental agreement to establish the
       terms of the repayment. The agreement shall not exceed three
       years. The executive director shall notify the state controller
       of an agreement entered into under this subsection (4).
            (b)  Section 24-30-202.4, C.R.S., does not apply to a local
       taxing jurisdiction's repayment for a prior distribution of sales
       and use tax collections.
            SECTION 2.  Safety clause. The general assembly hereby finds,
       determines, and declares that this act is necessary for the immediate
       preservation of the public peace, health, and safety.