HB 23B-1002 CO

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To Executive

The act creates a one-time TABOR refund mechanism for excess state revenues for the 2022-23 state fiscal year that are required to be refunded in the 2023-24 state fiscal year. The TABOR refund mechanism allows for an increase in the earned income tax credit that a resident individual, including a resident individual who does not have a social security number valid for employment, may claim on the resident individual's state income tax return from 25% to 50% of the federal credit claimed on the resident individual's federal income tax return or the federal credit that the resident individual would have been allowed but for the fact that the resident individual does not have a social security number that is valid for employment. For the 2023-24 state fiscal year, $51,483 is appropriated from the general fund to the department of revenue and $516 of that amount is reappropriated to the department of personnel for implementation of the act. APPROVED by Governor November 20, 2023 EFFECTIVE November 20, 2023(Note: This summary applies to this bill as enacted.)

• Jenny Willford Democratic · primary
• Mary Young · primary
• Chris Kolker Democratic · primary
• Rhonda Fields · primary

1. Nov 20, 2023 Sent to the Governor · executive
2. Nov 20, 2023 Signed by the Speaker of the House · lower
3. Nov 20, 2023 Signed by the President of the Senate · upper
4. Nov 19, 2023 Senate Third Reading Passed - No Amendments · upper
5. Nov 18, 2023 Senate Second Reading Special Order - Passed - No Amendments · upper
6. Nov 18, 2023 Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole · upper
7. Nov 18, 2023 Senate Committee on Finance Refer Unamended to Appropriations · upper
8. Nov 18, 2023 Introduced In Senate - Assigned to Finance · upper
9. Nov 18, 2023 House Third Reading Passed - No Amendments · lower
10. Nov 17, 2023 House Second Reading Special Order - Passed with Amendments - Committee · lower
11. Nov 17, 2023 House Committee on Appropriations Refer Amended to House Committee of the Whole · lower
12. Nov 17, 2023 House Committee on Finance Refer Amended to Appropriations · lower
13. Nov 17, 2023 Introduced In House - Assigned to Finance · lower