First Regular Session
              Sixty-fifth General Assembly
                    STATE OF COLORADO
                                                 INTRODUCED
                                                           
                                                           
 LLS NO. 05-0055.01 Ed DeCecco           HOUSE BILL 05-1046
                    HOUSE SPONSORSHIP
 McCluskey, 
 
                   SENATE SPONSORSHIP
 Lamborn, 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 House Committees
 Senate Committees
 
 
 Finance
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                         A BILL FOR AN ACT
       Concerning the requirement that legislative council staff
            use a dynamic model to analyze the economic impact of
            a bill that makes a tax policy change.
       
       
                           Bill Summary
       
            (Note:  This summary applies to this bill as introduced and does
       not necessarily reflect any amendments that may be subsequently
       adopted.)
       
            Interim Committee on Stimulating Economic Development
       Through Business Personal Property Tax Exemptions and Other
       Methods.  Upon the request of a majority of the leadership of either
       house of the general assembly, requires the director of research to use a
       dynamic model to analyze the economic impact of a bill introduced by the
       general assembly that makes a tax policy change.  Gives the director 30
       days to complete the request.  Establishes a limit of 10 bills per legislative
       session for which the dynamic model may be used, but permits the
       dynamic model to be used more than once for each bill.  Establishes that
       the analysis using a dynamic model is in addition to any fiscal note that
       is otherwise prepared by legislative council staff.
       
       
       
       Be it enacted by the General Assembly of the State of Colorado:
            SECTION 1.  Part 3 of article 3 of title 2, Colorado Revised
       Statutes, is amended BY THE ADDITION OF A NEW SECTION to
       read:
            2-3-304.5.  Tax policy changes - dynamic model.  (1)  Upon the
       request of a majority of the leadership of either house of the
       general assembly, the director of research shall use a dynamic
       model to analyze the economic impact of a bill introduced by
       the general assembly that makes a tax policy change.  The
       analysis shall consider the secondary or indirect economic
       effects related to the bill, including an estimate of the
       probable behavioral responses of taxpayers, businesses, and
       other persons to the proposed tax policy change.  The director
       shall have thirty days from the date that the request is made
       to complete the analysis.
            (2)  The director of research shall not be required to use
       the dynamic model on more than ten bills per legislative
       session, but there may be more than one request to use the
       dynamic model per bill.
            (3)  The analysis of the economic impact using a dynamic
       model shall be in addition to any fiscal note that is prepared
       pursuant to the rules of the general assembly.
            (4)  The director of research shall use best practices in
       selecting a dynamic model.
            (5)  As used in this section, leadership in the senate shall
       include the president of the senate, the senate majority leader,
       and the senate minority leader, and leadership in the house of
       representatives shall include the speaker of the house, the
       house majority leader, and the house minority leader.
            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.