SB26-042 · Bill · 2026 Regular Session · Colorado

Revenue Classification Taxpayers Bill of Rights

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Concerning the classification of certain state revenue for the purposes of calculating state fiscal year spending pursuant to section 20 of article X of the state constitution, and, in connection therewith, clarifying the statutory definitions of collections for another government and damage awards and making an appropriation.

Official status: Became Law

15 proposed amendments

Prime sponsors

• Mike Weissman (Senate) — Prime Sponsor
• Judy Amabile (Senate) — Prime Sponsor
• Yara Zokaie (House) — Prime Sponsor
• Emily Sirota (House) — Prime Sponsor

Progress (from the official record)

Official summary

Official text — shown in English exactly as published by the official source. The official text controls.

Section 20 of article X of the state constitution (the Taxpayer's Bill of Rights or TABOR) defines 'fiscal year spending' as excluding 'collections for another government' and 'damage awards'. Although TABOR does not define either 'collections for another government' or 'damage awards', the TABOR implementing statutes define both terms. The act clarifies both of these definitions for state fiscal years commencing on or after July 1, 2025. The act clarifies that 'collections for another government', as used for the purpose of determining whether specific money received by the state is subject to the TABOR limitation on state fiscal year spending, includes: Revenue from the excise tax and sales and use tax on gasoline used as fuel for the propulsion of specified aircraft that is collected by the state and distributed to governmental or airport entities operating a federal aviation administration-designated public use airport; and Revenue from fees that are collected by the department of public safety for the purpose of criminal history record checks and that is transmitted to the federal bureau of investigation for a required federal component of such criminal history record checks. The act also clarifies that 'damage award', as used for the purpose of determining whether specific money received by the state is subject to the TABOR limitation on state fiscal year spending, includes money from certain sources that is deposited in the crime victim compensation fund of each judicial district. The act specifies that for fiscal years commencing on or after July 1, 2026, the general assembly shall appropriate money to the district attorney in each judicial district in an amount equal to 20% of the total amount of money in the fund in that judicial district for administrative costs and to the court executive in each judicial district in an amount equal to 2.5% of the total amount of money in the fund in that judicial district for administrative costs. For the 2026-27 state fiscal year, the act appropriates $2,250,000 from the general fund to the judicial department for use by state courts administration for victim's compensation administration. (Note: This summary applies to this bill as enacted.)

Status timeline

Recorded votes

• 05/08/2026 — House Appropriations: “Refer Senate Bill 26-042, as amended, to the Committee of the Whole.” — the motion passed on a vote of 8–3.
• 04/27/2026 — House Finance: “Refer Senate Bill 26-042, as amended, to the Committee on Appropriations.” — the motion passed on a vote of 7–4.
• 04/21/2026 — Senate Appropriations: “Refer Senate Bill 26-042, as amended, to the Committee of the Whole.” — the motion passed on a vote of 4–3.
• 02/10/2026 — Senate Finance: “Adopt amendment L.001 (Attachment B)” — the motion passed on a vote of 6–3.
• 02/10/2026 — Senate Finance: “Refer Senate Bill 26-042, as amended, to the Committee on Appropriations.” — the motion passed on a vote of 6–3.

Proposed amendments (15 proposed amendments)

Source: Colorado General Assembly (leg.colorado.gov) · Data as of 2026-11-05

Full text

• Signed Act version (official PDF), 06/01/2026
• Final Act version (official PDF), 05/21/2026
• Rerevised version (official PDF), 05/09/2026
• Revised version (official PDF), 05/08/2026
• Reengrossed version (official PDF), 04/22/2026
• Engrossed version (official PDF), 04/21/2026
• Introduced version (official PDF), 01/27/2026

Official record

View SB26-042 on leg.colorado.gov

Source: Colorado General Assembly (leg.colorado.gov) · Data as of 2026-11-05