C.R.S. Section 2-3-304.5
Tax policy changes

  • dynamic model
  • pilot program
  • advisory committee

(1)

The director of research shall establish a pilot program for the purpose of developing or procuring a dynamic model to analyze the economic impact of bills introduced by the general assembly that can be used as soon as possible.

(2)

The director of research shall investigate all opportunities for developing or procuring a dynamic model, including private, nonprofit, and academic alternatives. Any dynamic model selected by the director shall consider the direct and indirect or secondary economic effects related to the bill, including an estimate of the probable behavioral responses of taxpayers, businesses, and other persons to the proposed tax policy change. It is not necessary that the model be kept at the director’s office.

(3)

Repealed.

(4)

Intentionally left blank —Ed.

(a)

Prior to the first regular session that the dynamic model can be used, the director of research shall notify the executive committee of the legislative council that the dynamic model is ready to be used to analyze bills during the upcoming regular session. If the model is ready, the executive committee shall select no more than ten bills to be analyzed using the dynamic model. Only bills that make a tax policy change are eligible to be analyzed. The analysis of the economic impact using a dynamic model shall be in addition to any fiscal note that is prepared pursuant to the rules of the general assembly.

(b)

After the first regular session in which the dynamic model is used, the director of research shall prepare a report evaluating how the dynamic model worked during the session and making recommendations for the use of the dynamic model in future sessions of the general assembly, including the feasibility of expanding the scope of the type of bills for which the dynamic model may be used. The report shall be prepared no later than January 1 of the year following the session in which the dynamic model was used.

(5)

Intentionally left blank —Ed.

(a)

It is the intent of the general assembly that for the fiscal year commencing on July 1, 2006, no general fund moneys be appropriated for the purpose of implementing this section.

(b)

The director of research is authorized to accept gifts, grants, or donations from private or public sources for the purposes of this section. All private and public funds received through gifts, grants, or donations shall be transmitted to the state treasurer, who shall credit the same to the dynamic modeling cash fund, which fund is hereby created and referred to in this subsection (5) as the “fund”. The moneys in the fund shall be subject to appropriation by the general assembly for the direct and indirect costs associated with the implementation of this section. Any moneys in the fund not expended for the purpose of this section may be invested by the state treasurer as provided by law. All interest and income derived from the investment and deposit of moneys in the fund shall be credited to the fund. Any unexpended and unencumbered moneys remaining in the fund at the end of a fiscal year shall remain in the fund and shall not be credited or transferred to the general fund or another fund.

(c)

Except as otherwise provided in subsection (3) of this section, the director of research shall not undertake the pilot program unless the balance in the fund is one hundred twenty thousand dollars. If the balance of the fund is at least one hundred twenty thousand dollars, then the director of research shall contract with an independent contractor to help implement the provisions of this section.

Source: Section 2-3-304.5 — Tax policy changes - dynamic model - pilot program - advisory committee, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-02.­pdf (accessed Oct. 20, 2023).

2‑3‑101
Legislative audit committee - membership - meetings - powers and duties
2‑3‑102
State auditor - qualifications and appointment - term of office
2‑3‑103
Duties of state auditor - definition
2‑3‑103.5
Deputies
2‑3‑103.7
Disclosure of reports before filing
2‑3‑104
Salary and staff of state auditor
2‑3‑104.5
Legal representation of the state auditor
2‑3‑107
Authority to subpoena witnesses - access to records
2‑3‑108
Special audits
2‑3‑109
Emergency reports
2‑3‑110
Reimbursement of state auditor for certain audits - disclosure
2‑3‑110.5
Fraud hotline - investigations - confidentiality - access to records - definitions
2‑3‑113
Programs that receive tobacco settlement money - program review - definitions
2‑3‑114
State records management - duties of state auditor - definitions
2‑3‑115
Use of state education fund money for school capital construction - audits - reports
2‑3‑119
Audit of healthcare affordability and sustainability fee - cost shift
2‑3‑120
Periodic performance audits of Colorado new energy improvement district and new energy improvement program - reports
2‑3‑121
Performance audits of public highway authorities
2‑3‑124
Audits of reports of recidivism and educational outcomes by the division of youth services
2‑3‑125
Periodic performance audits of Colorado civil rights division and commission - reports
2‑3‑126
Performance audits of Colorado electric transmission authority
2‑3‑128
Oil and gas - performance audit - report - definitions - repeal
2‑3‑201
Joint budget committee established
2‑3‑202
Organization and meetings
2‑3‑203
Powers and duties of the joint budget committee
2‑3‑204
Staff director, assistants, and consultants
2‑3‑205
Expenses - vouchers
2‑3‑206
Recommendations and findings
2‑3‑208
Budget requests - amendments - supplemental appropriation requests - deadlines - definitions
2‑3‑209
Long-range financial plan - definitions
2‑3‑210
Evidence-based decision-making - budget requests - legislative declaration - definitions
2‑3‑301
Legislative council created - executive committee created
2‑3‑302
Organization - meetings
2‑3‑303
Functions - report - definitions
2‑3‑303.3
Interim committees - repeal
2‑3‑304
Director of research - assistants
2‑3‑304.5
Tax policy changes - dynamic model - pilot program - advisory committee
2‑3‑305
Requests of the governor
2‑3‑306
Authority to subpoena witnesses
2‑3‑307
Minutes of council
2‑3‑308
Recommendations and findings
2‑3‑309
Reimbursement of members for expenses
2‑3‑310
Centralized legislative accounting service
2‑3‑311
Interstate cooperation
2‑3‑501
Legal services in legislative department
2‑3‑502
Committee on legal services - membership - duties
2‑3‑503
Director - staff - revisor
2‑3‑504
Duties of office
2‑3‑505
Requests for drafting bills and amendments - confidential nature thereof - lobbying for bills
2‑3‑506
Use of supreme court library
2‑3‑507
Office space in or near capitol - office hours - appropriations
2‑3‑508
Terminology - references
2‑3‑511
Office of legislative workplace relations - creation - duties - records - definitions
2‑3‑601
Commission on uniform state laws - creation
2‑3‑602
Compensation - expenses
2‑3‑603
Meetings - organization
2‑3‑603.5
Status of commissioners
2‑3‑604
Duties of commissioners
2‑3‑701
Function of committee - statute revision
2‑3‑702
Revisor of statutes - duties
2‑3‑703
Revision - editorial work
2‑3‑705
Distribution of statutes
2‑3‑901
Statutory revision committee - creation
2‑3‑902
Duties of committee
2‑3‑1001
Legal counsel retained
2‑3‑1002
Legislative expenses cash fund - creation
2‑3‑1201
Sunrise and sunset review - designation of committees of reference to conduct review
2‑3‑1202
Staff assistance
2‑3‑1203
Sunset review of advisory committees - legislative declaration - definition - repeal
2‑3‑1301
Definitions
2‑3‑1302
Capital development committee established
2‑3‑1303
Rules of procedure
2‑3‑1304
Powers and duties of capital development committee - definition
2‑3‑1304.6
Capital construction and long-range planning by state agencies and state institutions of higher education - policy
2‑3‑1305
Recommendations and findings
2‑3‑1306
Staff assistance
2‑3‑1307
Highway and bridge projects - exempt
2‑3‑1401
Oversight of economic development activities of state - business affairs and labor committee and business, labor, and technology committee - reports from governor to joint budget committee on economic development programs
2‑3‑1501
Legislative declaration
2‑3‑1502
Definitions
2‑3‑1503
Legislative emergency preparedness, response, and recovery committee - creation - membership - duties
2‑3‑1601
Legislative declaration
2‑3‑1602
Wildfire matters review committee - creation - repeal - repeal of part
2‑3‑1701
Definitions
2‑3‑1702
Joint technology committee established
2‑3‑1703
Organization, procedures, and meetings
2‑3‑1704
Powers and duties of the joint technology committee
2‑3‑1705
Staff assistance
2‑3‑1707
Task force for the consideration of facial recognition services - creation - membership - duties - compensation - staff support - repeal
2‑3‑1801
Legislative committees to receive information from the executive branch during a declared disaster emergency - definition
2‑3‑1901
Legislative oversight committee for Colorado jail standards - creation - duties
2‑3‑1902
Colorado jail standards commission - creation - membership
2‑3‑1903
Commission - duties - report
2‑3‑1904
Repeal of part
Green check means up to date. Up to date

Current through Fall 2024

§ 2-3-304.5’s source at colorado​.gov