Conference Committee on HB26-1206
A conference committee reconciled dueling House and Senate versions of House Bill 26-1206 — which lets an authority work with cities and counties to impose or raise sales and use taxes to fund itself — adopting the report unanimously, though members voted yes 'with regrets.'
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“As the bill has left the Senate, the re revised version of the bill, I would say that largely the bill has been streamlined and the streamlining of that bill is that the process for for either increasing or imposing a new sales, sales and use tax, or both now will be handled through an intergovernmental agreement between the relevant entities.”
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Sign in to subscribeThank you. Ah, now it makes sense. Okay, thank you. The first conference committee on House Bill 261206 will come to order. Ms. Caitlyn, please call the roll. Senators and Representatives Benavidez. Here. Right here. Gonzalez. Here. Zokai. Here. Linstead. Present. Joseph? Present. Today we have Mr. Lively and Ms. Nutter to explain the bill. Mr. Lively. Thank you, Madam Chair. Pierce Lively. We'll get the audio right eventually. Thank you, Madam Chair. Pierce Lively, Office of Legislative Legal Services. So, to explain the difference between the two bills, as the bill left the first chamber, the House, that is the re engrossed version of the bill. The bill established a process for an authority to work with either or county or a city, depending on the part of the bill, for the imposition or increasing of sales and use or tax that does both, to send revenue to the authority. Also of note, in the reengrossed version of the bill, the Department of Revenue's costs were to be covered by gifts, grants and donations, and certain parts of the bill would not go into effect unless those gifts, grants and donations were received. Yeah, and there was bonding authority.…
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