HB 24-1436 CO

0likes☆Favorite🔕SubscribeShare

Became Law

The act refers a ballot issue to the voters at the November 2024 statewide election to allow the state to keep and spend all revenue from the existing tax on the net proceeds of licensed sports betting (sports betting tax), including revenue in excess of the $29 million fiscal year estimate included in the 2019 ballot question as follows: All revenue from the sports betting tax up to $29 million annually, together with all revenue derived by the division of gaming in the department of revenue, will continue to be used to pay for the regulation of sports betting, to offset losses to other wagering revenue recipients, and to support responsible gaming, with any remaining money being transferred to the water plan implementation cash fund; and All sports betting tax revenue in excess of $29 million annually will be transferred to the water plan implementation cash fund to be used for water conservation and protection projects. If the majority of electors voting at the November 2024 statewide election vote against allowing the state to keep and spend all sports betting tax revenue as outlined above, then any tax revenue collected in excess of $29 million annually will be refunded to the licensed sports betting operations that paid the sports betting tax according to a reasonable method to be determined by the department of revenue. APPROVED by Governor May 20, 2024 EFFECTIVE May 20, 2024(Note: This summary applies to this bill as enacted.)

• Julie McCluskie Democratic · primary
• Marc Catlin Republican · primary
• Dylan Roberts Democratic · primary
• Cleave Simpson Republican · primary

1. May 20, 2024 Governor Signed · executive
2. May 8, 2024 Sent to the Governor · executive
3. May 8, 2024 Signed by the President of the Senate · upper
4. May 8, 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 30, 2024 Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole · upper
8. Apr 25, 2024 Senate Committee on Finance Refer Unamended to Appropriations · upper
9. Apr 22, 2024 Introduced In Senate - Assigned to Finance · upper
10. Apr 19, 2024 House Third Reading Passed - No Amendments · lower
11. Apr 18, 2024 House Second Reading Special Order - Passed - No Amendments · lower
12. Apr 17, 2024 House Committee on Appropriations Refer Unamended to House Committee of the Whole · lower
13. Apr 11, 2024 House Committee on Finance Refer Unamended to Appropriations · lower
14. Apr 1, 2024 Introduced In House - Assigned to Finance · lower