HB 1419 CO

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Became Law

Section 20 of article X of the state constitution (TABOR) imposes a limitation on the amount of state fiscal year spending. If state fiscal year spending exceeds that limitation, the state is required to refund the amount of state fiscal year spending in excess of that limitation (TABOR refund). Under current law, if the state issues a TABOR refund for a state fiscal year, and the amount of that TABOR refund is greater than the amount of state fiscal year spending in excess of the limitation of state fiscal year spending for the state fiscal year (over-refund), the state reduces the amount of the next available TABOR refund by the amount of the over-refund.     Changes in federal tax policy in 2025 reduced the amount of state tax revenue for the 2025 tax year. Due to when this change in federal tax policy was signed into law, it was not reflected in the amount of state fiscal year 2024-25 spending, even though the change impacted the 2025 tax year. Accordingly, if the state controller certifies in September 2026 that state revenues for state fiscal year 2025-26 did not exceed the limitation on the amount of state fiscal year spending for that state fiscal year, the act directs the office of the state controller, in consultation with the office of state planning and budgeting and the department of revenue, to determine the amount of the over-refund for state fiscal year 2024-25, taking into account the impact on state revenues from the federal tax policy change. No more than one-half of this over-refund can offset future TABOR refunds for any single state fiscal year beginning with the 2026-27 state fiscal year.     $18,021 is appropriated from the general fund to the legislative department for use by the office of the state auditor to implement the act.(Note: This summary applies to this bill as enacted.)

• K. Brown Democratic · sponsor
• E. Sirota Democratic · sponsor
• J. Amabile Democratic · sponsor
• J. Bridges Democratic · sponsor

1. Jun 3, 2026 Governor Signed · executive
2. May 8, 2026 Senate Second Reading Special Order - Passed - No Amendments · upper
3. Jun 2, 2026 Sent to the Governor · executive
4. Jun 2, 2026 Signed by the President of the Senate · upper
5. Jun 2, 2026 Signed by the Speaker of the House · lower
6. May 12, 2026 House Considered Senate Amendments - Result was to Concur - Repass · lower
7. May 11, 2026 Senate Third Reading Passed - No Amendments · upper
8. May 8, 2026 Senate Second Reading Special Order - Passed with Amendments - No Amendments · upper
9. May 8, 2026 Senate Second Reading Special Order - Passed with Amendments - Committee · upper
10. May 6, 2026 Senate Second Reading Special Order - Laid Over Daily - No Amendments · upper
11. May 6, 2026 Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole · upper
12. May 1, 2026 Introduced In Senate - Assigned to Appropriations · upper
13. Apr 30, 2026 House Third Reading Passed - No Amendments · lower
14. Apr 29, 2026 House Third Reading Laid Over Daily - No Amendments · lower
15. Apr 28, 2026 House Second Reading Special Order - Passed with Amendments - Committee, Floor · lower
16. Apr 24, 2026 House Committee on Appropriations Refer Amended to House Committee of the Whole · lower
17. Apr 21, 2026 Introduced In House - Assigned to Appropriations · lower