CO SB 260

Author

Stephen Fenberg
200 E Colfax
Denver, CO 80203
303-866-4872
stephen.fenberg.senate@state.co.us
Author Detail Link
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Bill Text

Category

Fuel Tax

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State

CO

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Summary

Imposes gas and diesel tax as part of transportation funding source.

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Issue

Creates new sources of dedicated funding for sustainability of the transportation system, including imposition of road usage fees on gasoline and diesel purchases that are phased in from state FYs 2022-23 through 2031-32 and thereafter indexed to NHCCI inflation, with the road usage fees also being adjusted beginning in state FY 2032-33 in a manner calculated to generate the same amount of additional revenue as would be generated by indexing the existing state excise taxes imposed on gasoline and diesel to construction cost inflation. The fee revenue is credited to the HUTF for allocation to the state, counties, and municipalities.

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Notes

Effective 1/1/2022.

History

05/04/2021 Introduced In Senate. Assigned to Senate Committee on Finance.
05/10/2021 Senate Committee on Finance referred amended bill to Senate Committee on Appropriations.
05/12/2021 Senate Committee on Appropriations referred amended bill to Senate Committee of the Whole.
05/14/2021 Passed second reading in Senate with amendments.
05/17/2021 Third reading. Passed Senate with amendments.
05/17/2021 Introduced in House. Assigned to House Committee on Finance.
05/24/2021 House Committee on Finance referred amended bill to House Committee on Appropriations.
06/01/2021 Third Reading Laid Over Daily - No Amendments.
06/02/2021 Third Reading Passed - No Amendments.
06/02/2021 Considered House Amendments - Result was to Concur - Repass.
06/08/2021 Signed by Speaker of the House and President of the Senate. Sent to the Governor.
06/14/2021 Signed by the Governor.