HB 24-1053 CO

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Became Law

The act makes the following changes to the state auditor's procedures for evaluating state tax expenditures: Requires the state auditor deliver and post evaluation reports on June 30 instead of September 15; Allows the state auditor to evaluate new tax expenditures in accordance with the state auditor's schedule; Allows the state auditor to use discretion in deciding whether to reevaluate a tax expenditure if there have been substantial changes to the tax expenditure; Eliminates the evaluation requirement for tax expenditures that are on the state auditor's schedule for evaluation but have been repealed or will repeal within one year of the evaluation; Requires the state auditor to make the state auditor's best effort to prepare the evaluation report for tax expenditures that are in effect for 3 years or less using the best available data; Allows the state auditor to modify the schedule for evaluating tax expenditures in consideration of timing for when sufficient data may be available to evaluate the tax expenditure; and Requires the office of the state auditor to present its tax expenditure evaluation reports to the task force concerning tax policy (task force) upon request by the task force. The act also requires that the state auditor annually study and evaluate federal tax law, including changes, that may significantly impact the state's tax base and prepare a report with the state auditor's findings by June 30, 2025, and by June 30 of each year thereafter. The act requires the legislative oversight committee concerning tax policy (committee) to consider the policy considerations set forth in the state auditor's annual report concerning federal tax law in addition to the policy considerations set forth in the state auditor's tax expenditure evaluations. The state auditor is required to present to the task force the annual report concerning federal tax law upon request by the task force. Additionally, the act allows for the committee to request that the state auditor evaluate specific tax expenditures for the next year's evaluation report notwithstanding when the tax expenditure might otherwise be evaluated according to the state auditor's schedule. The committee may additionally request that the state auditor perform specific and discrete research and analysis tasks. The act also extends the committee and the task force until December 31, 2031. APPROVED by Governor June 4, 2024 EFFECTIVE June 4, 2024(Note: This summary applies to this bill as enacted.)

• Mike Weissman Democratic · primary
• Larry Liston Republican · primary
• Chris Hansen · primary

1. Jun 4, 2024 Governor Signed · executive
2. May 21, 2024 Sent to the Governor · executive
3. May 21, 2024 Signed by the President of the Senate · upper
4. May 21, 2024 Signed by the Speaker of the House · lower
5. May 1, 2024 Senate Third Reading Passed - No Amendments · upper
6. Apr 30, 2024 Senate Second Reading Special Order - Passed - No Amendments · upper
7. Apr 26, 2024 Senate Committee on Legislative Council Refer Unamended to Senate Committee of the Whole · upper
8. Apr 23, 2024 Senate Committee on Appropriations Refer Unamended to Legislative Council · upper
9. Feb 29, 2024 Senate Committee on Finance Refer Unamended to Appropriations · upper
10. Feb 21, 2024 Introduced In Senate - Assigned to Finance · upper
11. Feb 20, 2024 House Third Reading Passed - No Amendments · lower
12. Feb 16, 2024 House Second Reading Special Order - Passed - No Amendments · lower
13. Feb 16, 2024 House Committee on Appropriations Refer Unamended to House Committee of the Whole · lower
14. Feb 12, 2024 House Committee on Finance Refer Unamended to Appropriations · lower
15. Jan 10, 2024 Introduced In House - Assigned to Finance · lower